ASF data also show that insurers paid claims of RON680.9 million in January-February, down 10% on the year.
Premiums underwritten on the non-life segment reached RON1.14 billion in the first two months, up 3.9% on the year, while life insurance premiums kept a downward trend and fell by 7% to RON243.5 million.
On the non-life insurance segment, mandatory car insurance RCA reached a volume of underwritten premiums of RON500.94 million in January-February, up 9.5% on the year. Voluntary car insurance CASCO hold a 24.2% share in overall general insurance underwritings, reaching revenues of RON276.99 million in the mentioned period, up 1.4% on the year.
Insurance against fire and other natural calamities hold a 15% share and saw a 6.6% decline to RON172.23 million.
Romanian insurers underwrote premiums of RON103.99 million in other European Union member states in January-February, accounting for 7.49% of the total volume of underwritings, and saw an 86.77% increase compared to the first two months of 2013. Also, they paid claims of RON15.98 million for the activity carried out in EU member states, up 131.6% from the first two months of 2013, according to ASF data.
Romania’s insurance market reached RON8.29 billion in 2013, just 0.4% higher than in 2012, and the sector’s contribution to the gross domestic product dropped to 1.31% from 1.4% in 2012, according to ASF. (EUR1=RON4.4762)