In the first half of 2011, the insurance industry declined by 7.43%, to RON4.02 billion, from RON4.34 billion in June 2010.
The general insurance segment attracted premiums of RON3.27 billion, up 3.54% on the year. On the life insurance segment, revenues decreased by 0.38%, to RON857.1 million.
Mandatory car insurance policies (RCA) made up 34.47% of the total market on the general insurance segment, with sales of RON1.1 billion, down 0.19%. Voluntary car insurance (CASCO) made up 28.49%, with underwritten premiums of RON933 million, down 6.37% on the year.
Insurance against fire and other natural disasters accounted for 16.63% of the general insurance segment, with underwritten premiums of RON544.6 million, down 10.1% compared with the first six months of 2011.
Insurance companies paid claims worth in excess of RON2.5 billion, 3.1% higher on the year. Claims for general insurance policies made up RON2.18 billion, 2.75% more than last year.
Last year, the insurance market declined by 4.3%, to RON7.95 billion, because of 6.5% lower revenues from general policies (RON6.21 billion), while revenues from life insurance climbed by 4.6% (RON1.74 billion). (EUR1=RON4.5186)