Today: November 25, 2015, 11:25 pm

Romania life insurance market: Fall of -1.3% CAGR witnessed between 2008-2012
Life Insurance in Romania, Key Trends and Opportunities to 2017 - a new market research report on 2014-03-14 11:45:01
The Romanian life insurance segment declined at a CAGR of 1.3% during the review period. This was partly as a consequence of the global financial crisis in 2009, and rising concern over the sovereign debt in the country and other EU member states, which adversely impacted the nations economic development.

A preference for liquid money in economically challenging times also contributed to the negative growth of the segment. However, despite rising concerns over economic conditions in the Eurozone, the International Monetary Fund (IMF) projected stable economic growth for Romania over the forecast period. Romanias GDP at constant prices is expected to grow at annual rates of 1.6%, 2.0%, 2.3%, 2.9% and 3.3% during 2013–2017. This is expected to fuel demand for life insurance over the forecast period.

Key Highlights

• The Romanian life insurance segment declined at a CAGR of 1.3% during the review period

• The written premium of the life insurance segment is expected to increase at a projected CAGR of 6.5% over the forecast period

• The agencies channel is considered the most popular and trusted life insurance distribution channel in Romania

• The principal law governing the insurance industry in Romania is Law no. 32/2000, regarding the insurance business and insurance supervision

• The life segment is highly concentrated with a mixture of domestic and overseas participants

Report Scope

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

• It provides historical values for Romanias life insurance market for the reports 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key sub-segments in Romanias life insurance market, along with market forecasts until 2017
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for life insurance products in Romania
• Using Porters industry-standard "Five Forces" analysis, it details the competitive landscape in Romania for the life insurance business
• It provides a detailed analysis of the reinsurance market in Romania and its growth prospects
• It profiles the top life insurance companies in Romania and outlines the key regulations affecting them

Reasons to Buy

• Make strategic business decisions using historic and forecast market data related to the Romanian life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Romanian life insurance market
• Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Romanian insurance market and its impact on companies and the markets future

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 644 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.