“The need for security is increasing and people, perhaps more than ever before, felt the need for protection from risk through insurance. The perception indicators in the survey are in line with the latest results recorded on the insurance market,” said association head Adrian Marin.
Around 42% of Romanians said they were more interested in health insurance as a result of the pandemic, compared with 28% in 2020, while 37% were more interested in home insurance (from 24% in 2020) and 30% were more interested in life insurance that covers unemployment and the temporary coverage of bank loan repayments (from 23% in 2020).
When asked about the impact of the pandemic on their financial situation, just one in five respondents (22%) said they would save more following the pandemic, from 36% in 2020. Respondents who plan to save more said they would keep their savings in bank deposits and life insurance, while less than 10% would invest on the stock market, government bonds or real estate.
The IRES-UNSAR survey on risk perception and insurance culture in Romania polled 1,336 respondents aged 18-50, in May 2021.