Last year, 35 insurance brokers exited the market temporarily or for good.
Romania has over 500 insurance brokers, which brokered almost half (or EUR215 million) of gross premiums underwritten in the first quarter of the year.
Romanian insurers underwrote premiums of 2.13 billion lei (EUR0.47 billion) in January-March 2013, down 1.8% on the year. (EUR1=RON4.4551)