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Romania’s insurance market rose 3.5 pct in 2017, to RON 9.7 bln; life insurance up 21 pct

The Romanian insurance market grew by 3.5 percent in 2017, up to RON 9.7 billion (EUR 2.1 billion), due mainly to the rapid increase of life insurance segment, but the market penetration of insurances declined, (ASF) data show quoted by business-review.eu. The car insurance segment, including compulsory car insurance (RCA), maintains its dominant position, with 59 percent of the insurance market in 2017, according to ASF. Car insurance market rose 8 ...

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