Insurance

Less than 20pct of homes insured in Romania 44 years after major earthquake

Less than 20% of all homes in Romania were insured in 2020 against certain risks, and more than half of Romanians (54%) say they are worried about the danger of an earthquake, according to a survey commissioned by National Union of Insurance and Reinsurance Companies in Romania (UNSAR) and conducted in 2020 by the Romanian Institute for Evaluation and Strategy (IRES).

Insurance market registers 2.3% of GDP, first gross premiums go up by 5% in 2020

The Romanian insurance market had a weight of 2.3% of the Gross Domestic Product (GDP) in 2020, and the first gross premiums have gone up to 11.5 billion RON, rising by 5% from 2019, announced on Thursday, during a specialty conference, Nicu Marcu, the chairman of the the Financial Supervisory Authority (ASF).

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