The Romanian insurance market is stable and characterized by safety indices improvement, according to the Financial Surveillance Authority (ASF).
“Romania’s insurance market exceeded the imbalance moment and is stable and growing today. We are moving to a maturation of the market with a developing potential,” stated ASF vice-president Cornel Coca Constantinescu.
According to the data of the off-site surveillance analysis, the highest weight of the assurance societies’ investment was owned 70 percent by the state owned titles .
ASF also mentions that the insurance market reached a total gross amount of RON 5.04 billion in the first semester of this year, up by 8 percent since last year. At the same time the net result reached RON 260.3 billion in the same period, increasing by 115 percent compared to the last year.