Romania Insurance Q4 2020
The short-term outlook for Romania's insurance industry has been weakened by the economic fallout of the Covid-19pandemic. Real GDP is expected to contract by 4.4% in 2020 and will have a knock-on effect on employment and income rates inthe country, as well as dampen consumer and investor confidence. As a result, we now expect more subdued growth in the keymotor insurance segment as well as a contraction in transport insurance due to weaker external trade. In contrast, the healthsegment will maintain robust double-digit growth as consumer awareness of the potential benefits of cover improves.
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