On the life insurance segment, premiums underwritten by UNSAR fell 2% in January-March to RON350 million, UNSAR president Remi Vrignaud said Tuesday.
Revenues from mandatory car insurance policies (RCA) climbed 7% in the first quarter, while underwritten premiums on the voluntary car insurance (CASCO) segment dropped 6%, according to Vrignaud.
According to UNSAR data, the contribution of the insurance sector to Romania’s gross domestic product was 1.34% at the end of 2012, compared to 2% in Bulgaria, 3.1% in Hungary and 3.8% in Poland.
Romania has the lowest insurance density in Europe, of EUR83 per capita, compared to EUR400 per capita in Poland, EUR370 per capita in Hungary, EUR100 per capita in Bulgaria and a EU average of EUR1.816 per capita.
UNSAR was set up in 1994 with a view to developing and extending cooperation in the insurance and reinsurance field, both at national and international levels. Its members are Allianz-Tiriac, Ardaf, Asirom, Astra, Aviva Asigurari de Viata, AXA Asigurari, BCR Asigurari, BCR Asigurari de Viata, BRD Asigurari de Viata, Carpatica Asig, Certasig, ERGO Asigurari de Viata, Eureko Romania, Euroins, FATA Asigurari, Garanta, Generali, Grawe, Groupama, ING Asigurari de Viata, Platinum, UNIQA Asigurari and UNIQA Asigurari de Viata. (EUR1=RON4.3428)