In 2010, the regulator said the number of employees in the local insurance industry fell 7.1% to 19,058 people, following job cuts by certain companies with a view to reduce costs, and upon the exit from the market of insurers KD Life Asigurari, Delta Asigurari and Delta Addendum and of several insurance brokers.
A total 43 insurance companies and 554 insurance brokers operated on the local insurance market in 2011.
Romania’s insurance market grew by 2.7% in the first six months of 2012, to 4.13 billion lei (EUR919 million), due to higher sales of general insurance policies, according to CSA data. (EUR1=RON4.4924)