Romania Insurance Q4 2019
Romania's insurance market offers considerable untapped growth potential, though there are also barriers to growth.Coverage rates remain low, even within lines that carry mandatory covers such as motor and property insurance, a reflection ofweak regulatory oversight and limited enforcement. Low average income rates mean there is also restricted demand in the lifeinsurance sector and insurers have to contend with limited awareness of the benefits of cover. That said, rising household incomerates amidst robust economic growth will boost affordability and providers are proving increasingly adept at product innovation inorder to reach more users.
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