As regards the car insurance market, the segment still dominates the general insurance segment, accounting for around 77% in total underwritten premiums, namely over RON11 billion, while against the entire market level, the weight stands at 64.5% in 2022.
“A vulnerability of Romania insurance market continues to be the high concentration level both in terms of exposure to the main insurance categories, and of the significant size of the market shares held by a relatively low number of insurers,” reads ASF report.
In terms of health insurance, the volume of gross underwritten premiums hit RON670 million in 2022, up 35% on the year, weighing 4.1% in overall gross underwritten premiums.
The level of claims settled by insurers, branches and FGA in 2022 hit RON8.9 billion.
On the segment of insurance brokerage, the value of premiums distributed by brokers in 2022 topped RON12 billion, up 26% from 2021.
(English version by Catalina Apostoiu)