Market Research Logo

Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Romanian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Romanian Personal Accident and Health Insurance - Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Romanian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Romanian Personal Accident and Health Insurance - Gross Written Premium (RON Million and US$ Million), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Gross Written Premium (RON Million and US$ Million), 2015-2020
        • Table Romanian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Romanian Personal Accident and Health Insurance - Premium per Capita (RON and US$), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Premium per Capita (RON and US$), 2015-2020
      • Policies sold
        • Table Romanian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Profitability
        • Table Romanian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Romanian Personal Accident and Health Insurance - Total Assets (RON Million and US$ Million), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Total Assets (RON Million and US$ Million), 2015-2020
        • Table Romanian Personal Accident and Health Insurance - Investment Portfolio (RON Million), 2011-2015
        • Table Romanian Personal Accident and Health Insurance - Investment Portfolio (RON Million), 2015-2020
  • Outlook by Category
    • Table Romanian Personal Accident and Health Insurance - Direct Written Premium by Category (RON Million),2011-2015
    • Table Romanian Personal Accident and Health Insurance - Direct Written Premium by Category (RON Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Romanian Personal Accident Insurance - Direct Written Premium (RON Million and US$ Million), 2011-2015
        • Table Romanian Personal Accident Insurance - Direct Written Premium (RON Million and US$ Million), 2015-2020
      • Policies
        • Table Romanian Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Romanian Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
    • Health Insurance
      • Premium
        • Table Romanian Health Insurance - Direct Written Premium by Sub-Category (RON Million), 2011-2015
        • Table Romanian Health Insurance - Direct Written Premium by Sub-Category (RON Million), 2015-2020
      • Policies
        • Table Romanian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Romanian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
    • Travel Insurance
      • Premium
        • Table Romanian Travel Insurance - Direct Written Premium (RON Million), 2011-2015
        • Table Romanian Travel Insurance - Direct Written Premium (RON Million), 2015-2020
      • Policies
        • Table Romanian Travel Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Romanian Travel Insurance - Number of Policies Sold (Thousand), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Competitive Landscape
    • Table Romanian Personal Accident and Health Insurance - Top Insurers, 2015
    • Company Profiles
      • Metropolitan Life Asigurari SA - company overview
        • Table Metropolitan Life Asigurari SA - Key Facts
        • Table Metropolitan Life Asigurari SA - Key Financials (RON Million), 2010-2014
      • Omniasig Vienna Insurance Group SA - company overview
        • Table Omniasig Vienna Insurance Group SA - Key Facts
        • Table Omniasig Vienna Insurance Group SA - Key Financials (RON Million), 2010-2014
      • Allianz-Tiriac Asigurari SA - company overview
        • Table Allianz-Tiriac Asigurari SA - Key Facts
        • Table Allianz-Tiriac Asigurari SA - Key Financials (RON Million), 2010-2014
      • Signal Iduna Asigurari de Viata SA - company overview
        • Table Signal Iduna Asigurari de Viata SA - Key Facts
      • Ergo Asigurari SA - company overview
        • Table Ergo Asigurari SA - Key Facts
  • Governance, Risk and Compliance
    • Table Romania - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Romania - Life Insurance Regulatory Framework
      • Property insurance
        • Table Romania - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Romania- Motor Insurance Regulatory Framework
        • Table Romania - Life Insurance Regulatory Framework
      • Liability insurance
        • Table Romania - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Air carriers and aircraft operators insurance
        • Table Romania - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
      • Insurance of dwellings against earthquakes, landslides and flooding
      • Nuclear liability insurance
      • Social security insurance
      • Professional indemnity insurance for alternative investment fund managers
      • Professional indemnity insurance for insurance intermediaries
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Financial Supervisory Authority
      • Federation of European Risk Management Associations
      • National Association of Insurance and Reinsurance Companies
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Romania - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Romanian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Romanian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Romanian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Romanian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
    • Personal Accident Insurance
      • Table Romanian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Romanian Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Health Insurance by Product
      • Table Romanian Personal Accident and Health Insurance - Health by Product, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Health by Product, 2015-2020
    • Travel Insurance
      • Table Romanian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
      • Table Romanian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Romania Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Romanian personal accident and health 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, combined ratio, 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 'Personal Accident and Health Insurance in Romania, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Romanian personal accident and health insurance segment, including:

  • An overview of the Romanian personal accident and health insurance segment
  • The Romanian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Romanian economy and demographics
  • A comparison of the Romanian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Romanian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Romania
  • Details of regulatory policy applicable to the Romanian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Romania:
  • It provides historical values for the Romanian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Romanian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Romania.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Romanian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • The personal accident and health segment is the smallest in Romania’s insurance industry, accounting for 3.4% of its direct written premium in 2015.
  • On March 15, 2017, the Financial Supervisory Authority (Autoritatea de Supraveghere Financiară – ASF) introduced a regulation that amended and supplemented Regulation No. 21/2016 concerning reporting requirements for insurance and reinsurance companies. The regulation stipulates financial audit requirements for insurance and reinsurance companies.
  • The penetration rate of the personal accident and health insurance segment stood at 0.042% of GDP in 2015.
  • Brokers were the leading distribution channel in the personal accident and health segment during the review period, due to the high level of consumer trust, vast service network and experience of the segment.


Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;