Life Insurance in Romania, Key Trends and Opportunities to 2020

Life Insurance in Romania, Key Trends and Opportunities to 2020

  • May 2017 •
  • 124 pages •
  • Report ID: 1361910 •
  • Format: PDF
Synopsis
Timetric’s 'Life Insurance in Romania Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Romanian life insurance segment, and a comparison of the Romanian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Romanian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Life Insurance in Romania, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Romanian life insurance segment, including:

- An overview of the Romanian life insurance segment

- The Romanian life insurance segment’s growth prospects by category

- A comprehensive overview of the Romanian economy and demographics

- A comparison of the Romanian life insurance segment with its regional counterparts

- The various distribution channels in the Romanian life insurance segment

- Details of the competitive landscape in the life insurance segment in Romania

- Details of regulatory policy applicable to the Romanian insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in Romania:

- It provides historical values for the Romanian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Romanian life insurance segment, and market forecasts to 2020.

- It provides a comparison of the Romanian life insurance segment with its regional counterparts

- It analyzes the various distribution channels for life insurance products in Romania.

- It profiles the top life insurance companies in Romania and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Romanian life insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Romanian life insurance segment.

- Assess the competitive dynamics in the life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Romanian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- Life insurance was the second-largest segment in the Romanian insurance industry in 2015, accounting for 19.8% of the direct written premium.

- On March 15, 2017, the Financial Supervisory Authority (Autoritatea de Supraveghere Financiar? – ASF) introduced a regulation that amended and supplemented Regulation No. 21/2016, concerning reporting requirements of insurance and reinsurance companies. The regulation stipulates the provisions for financial audit requirements of insurance and reinsurance companies.

- In April 2015, the ASF issued new rules on the authorization and operation of insurance and reinsurance brokers.

- Brokers were the leading distribution channel in the Romanian life segment during the review period
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