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Insurance market,up by 8 pct in the first quarter of 2017

 The Romanian insurance market recorded in the first quarter of 2017 subscribed gross premiums, cumulated for insurance companies and branches, worth a total of 2.73 billion lei, up by 8 pct as compared to the same period of the previous year, according to the analysis regarding the insurance market evolution in the first quarter of 2017, conducted by the Financial Supervisory Authority (ASF). 

The general insurance segment recorded a 1 pct increase in the first quarter of 2017 as against the same period of 2016, and the life insurance segment increased by 35.8 pct. 

The value of gross premiums subscribed by insurance companies and branches, only on Romanian territory, was 2.71 billion lei, up 9 pct year-on-year (2.48 billion lei).