The general insurance market rose 3.7% in the first half to RON3.4 billion and underwritten premiums on the life insurance segment climbed 1% to RON866 million, the best first-half result on this segment in the last five years, according to ASF.
Thirty-eight insurers were active in Romania in the analyzed interval, of which 20 only on the general insurance segment, ten only on the life insurance market, and eight on both segments.
The ten largest local insurers covered 81.1% of the Romanian insurance market, and the top three players, with underwritten premiums of RON1.5 billion, had a market share of 35%.
According to ASF, mandatory car insurance policies (RCA) generated revenues of RON1.281 billion, or 37.7% of the general insurance segment.
Underwritten premiums from RCA policies rose 13.5% in the first half of 2013 from RON1.129 billion in the similar interval a year ago.
The voluntary car insurance segment (CASCO) generated revenues of RON874.98 million, down 6.4% on the year.
Premiums underwritten by companies selling insurance against fire and natural disasters rose 12.8% on the year to RON614.26 million in the first half.
The ten largest insurers on the life insurance segment had a market share of 90.53% in the first half of the year. The top three companies on this segment, with underwritten premiums worth about RON520 million, covered 60% of the market in the analyzed interval.
Damages on the RCA segment amounted to RON985.5 million in the first half, up 4.8% on the year.
On the CASCO segment, damages paid by insurers fell 3.4% to RON933.65 million.
On the life insurance segment, insurers paid damages of RON380.39 million in the first half, up 6.6% on the year.
Brokerage firms brokered 45.75% of the general and life insurance premiums underwritten in January-June, up from 41.03% in the first half of 2012. (EUR1=RON4.4551)