The auto liability insurance market ended 2020 with RON3.97 billion in gross written premiums, 5% more than in 2019, despite the year being full of uncertainty and restrictions due to the COVID-19 pandemic.
The auto liability insurance gross written premiums more than doubled in a decade. The highest growth rates, more than 10% were recorded in 2013-2016. They went down 8.2% in 2017 and then again in 2018, though slightly, by 2.7%.
Looking at the comprehensive auto insurance over the past decade, one can see gross written premiums fluctuating, with decline for two years in a row in 2013 and 2014, followed by a slight increase. The highest rise in gross written premiums was recorded in 2017-2019, 8% to 11.6%.
Comprehensive insurance gross written premiums reached RON2.41 billion at the end of 2020, an increase of 26.2% on 2012.
(English version by Loredana Fratila-Cristescu)