The insurance sector accounted for 1.78% of GDP in 2008, when the insurance market stood at RON8.93 billion.
Insurers paid claims of RON4.94 billion in 2013, 4.7% less compared to 2012.
More than half of the total insurance premiums (50.84%) were written in capital Bucharest and the surrounding Ilfov county.
The life insurance segment dropped 8.27% on the year, to RON1.653 billion, while the general insurance sector grew 2.84%, to RON6.637 billion.
On the general insurance segment, 37.18% of the premiums were mandatory car insurance RCA, totaling RON2.467 billion, 15.4% higher than RON2.137 billion in 2012.
Revenues from voluntary car insurance CASCO totaled RON1.795 billion, down 6.33% on the year.
Insurance against fire and natural disaster totaled RON1.168 billion, up 8.1% on the year, while mandatory home insurance saw a 149% rise in 2013, to RON60.25 million. Voluntary home insurance grew 0.5%, to RON568.85 million.
On the life insurance segment, traditional policies amounted to RON1.04 billion, down 5.97% on the year, while unit-linked policies totaled RON548.43 million, down 12.43% on the year.
According to ASF, 46.84% of the premiums written in 2013 were brokered, up 3.2 percentage points compared to 2012. The value of brokered premiums stood at RON3.88 billion, up 7.77% on the year.
Revenues in insurance brokerage incraesed 6.52% on the year, to RON773.03 million.
Romania had 38 authorized insurance companies and 596 insurance brokers at the end of 2013.
The top ten insurers in Romania cover 80.76% of the market.