year V - issue 2/2007 (15)

Produced by Media XPRIMM

MAY 200 7

www.insuranceprofile.ro

2006

AUDITED
RESULTS

2007 Q1
RESULTS

ROMANIAN INSURANCE MARKET

ROMANIAN INSURANCE MARKET 2006

Year V - no. 2/2007 (15)

ISSN 1841-740X
Member since 2003

Published by Media XPRIMM

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SPRING RENEWALS

Edition closing at: May 10, 2007

GENERAL DIRECTOR
Sergiu COSTACHE

Daniela GHEU

EXECUTIVE DIRECTOR
Adriana PANCIU

EDITORIAL DIRECTOR
Daniela GHEU
EDITOR IN CHIEF
Alex ROCA
SENIOR EDITORS
Alexandru CIUNCAN, Mihaela CRCU
EDITORS
Costi BORODA, Vlad PANCIU, Alexandra SNDULESCU, Mirabela
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ART DIRECTOR
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Traditionally, spring means in the Romanian insurance industry the audited

nancial results release. Years ago, audited gures were quite revealing by
showing signicant dierences compared to the preliminary ones. Since then,
year by year, the dierences were smaller, meaning a better back oce work,
more clear and accurate accounting rules and procedures, in other words,
progress.
You may see in the following pages that dierences, compared to the previous
issue of Insurance Prole, are very small. The main reason for which publishing
the audited data is still worthwhile is that they are more complete, mainly it
what the nancial indicators, other than premiums, are concerned. So, we
decided that gures speak for themselves good enough and restrained our
comments. Instead of that, once the gures of the recent past are known, we
decided to let the market players speak about their future projections, so the rst
pages are dedicated to this subject. The gures in the second part of this issue,
illustrating the rst quarter of 2007, may already bring the rst conrmations of
the future tendencies.
Nevertheless, this issue is bringing you a new premiere: for the rst time, the
online version on Insurance Prole will provide more information than the hard
copy one. Visiting www.insuranceprole.ro you will get instant access online to
the complete report for the rst quarter of 2007 (GWP, claims paid, premiums
ceded by insurance lines, assets, reserves, portfolios both for insurance
companies and brokers).

LEGAL ADVISOR
MUAT & Associates, Attorneys at Law
Phone: 0040 21 202 59 00
F ax: 0040 21 223 39 57
Although Media XPRIMM has made every eort to ensure the accuracy of this publication, neither it or any contributor can accept any legal responsibility whatsoever for consequences that
may arise from errors or ommisions or any opinions or advice given, as well as for the actions or decisions taken based on the articles content.
Reproducing of the contents of this publication in any manner is prohibited without the prior consent of the publisher.
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omisiuni, pentru opiniile sau punctele de vedere formulate n articole sau pentru consecinele aciunilor sau deciziilor luate de teri pe baza coninutului articolelor.
Reproducerea coninutului acestei publicaii este permis numai cu acordul scris al Media XPRIMM.
www.insuranceprole.ro

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

SUMMARY

2006 AUDITED FIGURES

HIGHER TARGETS, HIGHER DEMANDS

THE ROMANIAN INSURANCE MARKET 2006
LIFE INSURANCE
NON-LIFE INSURANCE (total)

3
8
12
14

SELECTED INSURANCE CLASSES

Motor insurance lines
Property insurance
Credit & warranties insurance
Accident and illness insurance
Travel insurance
GTPL insurance
Health insurance

16
20
23
24
25
26
27

GTPL insurance
Property insurance
Consumers portfolio

45
46
47

FINANCIAL INDICATORS
Commissions and incomes
Insurance mediation companies portfolios
Structure of mediated premiums through
insurance companies

THE ROMANIAN INSURANCE MARKET 1Q 2007

LIFE INSURANCE
NON-LIFE INSURANCE (total)

54
55
56
58
60
62
62
63
63
64

28
30
31
32
33
36

SELECTED INSURANCE CLASSES

Motor insurance lines
Property insurance
Credit & warranties insurance
Travel insurance
Health insurance
GTPL insurance
Insurance companies portfolios

ROMANIAN INSURANCE MEDIATION MARKET

40

MEDIATED PREMIUM 2006

All insurance lines total
Life insurance
Non-life insurance
Motor insurance

ROMANIAN INSURANCE MEDIATION MARKET 1Q 2007

41
42
43
44

MEDIATED PREMIUM 1Q 2007

Income
Structure of mediated premiums through
insurance companies
Insurance brokers portfolios

The economic data submitted to the analysis have been supplied by the insurance and
insurance brokerage companies. The data IS NOT AUDITED by professional nancial
auditors and havent been warranted by the insurance supervisory authority.
The nancial gures of the following companies are not published in the hereby tables:
ABG Insurance reauthorized in 20th of July, 2006; CLAL ROMANIA established in
the 5th of December 2006 and F.A.T.A. Asigurari Agricole established in the 21st of
September 2006.

HOW TO UNDERSTAND:
CHARTS

42

1Q 2007 PRELIMINARY FIGURES

FINANCIAL INDICATORS
Insurance Policies
Assets
Technical reserves
Other nancial indicators
Composite insurance companies portfolios
Life insurance companies portfolios

NOTE FROM THE EDITOR

48
50

65
66
67
68

currency for the analyzed period.

3. The real RON evolution is calculated by comparing the results in the national currency
from the analyzed period with the actualized results using the ination rate of the
respective period of the previous year.
4. The NA indicative signals the fact that the results for that indicator were not made
public by the company.
5. - the indicators value was 0 during the analyzed period, the insurance company
does not provide that type of insurance or there wasnt any information about the
indicator in the previous periods.
6. 0.00 the value of the indicator is lower than 0.005 but exceeds the value of 0.
7. The numbers in this column represent the share of the underwritings belonging to
the insurance class shown in the chart, out of the total underwritten premiums. The
value within the TOTAL line refers to the share of that insurance class out of the total
market underwritings.
8. The values within the TOTAL row represent the sum of all available indicators for
each company.

GRAPHS

1. The graphs that show the class based net underwritten premium portfolio structure
include only the insurance classes that hold a share larger than 1% out of the company
portfolio. For the full structure of the insurance class portfolio check the chart that shows
the global structure for each company.

TOP INSURANCE MEDIATION COMPANIES

1. The insurance companies provide us their results in RON. The results expressed in EUR
for each analyzed period are generated using the average exchange rate presented by
the National Bank of Romania for the analyzed period.
2. The EUR nominal evolution is calculated by reporting the results in the European

1. In the brokerage companies related tops are included all companies that respond to
our solicitation of providing the necessary data.
2. The companies from the intermediated premiums TOP 10, released by the Insurance
Supervisory Commission that havent provided us with the results for the analyzed period
are included in the charts with estimates. The estimates made for these companies are
proportional with the markets average growth.
3. Please take into consideration that the values shown in the MARKET TOTAL are
estimates of the editorial oce based on the average growth of the companies that
provided us with their nancial results.
For suggestions and additional information please contact us at:
insuranceprole@insuranceprole.ro .

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

FUTURE TENDENCIES IN THE ROMANIAN INSURANCE MARKET

HIGHER TARGETS,
HIGHER DEMANDS
TOP QUESTIONS
Which do you consider being the main development directions in
the following years?
Do you believe that the present growth rhythm is sustainable for
the following years?

ASIBAN
Dumitru Mugurel CERCEANU
President
> We shall have
higher and higher
targets and we
shall have to meet
higher and higher
demands in
quality, eciency,
diversication.

1. T h e n e x t ye ars tre n d

in d ic ate s a
su p e rio r d y n am ic o f th e n atio n al
m ac ro e c o n o m ic rh y th m , an in c re ase
o f w e ig h t in G ro ss D o m e stic Pro d u c t,
th e d ive rsi c atio n o f th e p o lic ie s, sh are h o ld e rs c h an g e s, m arke t c o n c e n tratio n , h ig h e r c o m p e titio n , h ig h e r
se rv ic e s q u ality, b ro ke rag e, e c ie n c y
an d so o n .

compulsory for a healthy economic

growth. The insurance industry will
register positive quantitative and
qualitative mutations as regards legislation, quality and diversication of
products and services, eciency, indicators protability and human resources. There are conditions for a
durable development of the Romanian insurance market. Personally, I
am waiting for a work typhoon as to
modify the optimistic and positive
strategic visions into Romanian realities.

ASITRANS
Bogdan STAN
CEO

> The rush for

market share will
be surelly replaced
by the rush for
prot

www.insuranceprole.ro

After the 1st of January 2007, Romania is in direct competition with the insurance market of the other members of the
European Union, from the economic and institutional performance point of view. The insurance potential in Romania
will generate a rise in the activity level of its present insurance companies and will also attract new investors. One
must know that, just like in any other segment of the nancial market, the activity has to be well managed and supported by important nancial resources, so that the covered
risks, which are becoming larger and larger, have sucient
capital to balance it. Thus, it is very likely to see more takeovers, more infusions in the share capital and possibly some
changes in the top ranking of insurance companies or brokers. On the other hand the insurance brokerage activity
will rise, especially if we consider the free circulation of services.
Although one can not foresee a decline of motor insurance,
we should expect the development of some other lines of
business, like health insurance, life insurance both traditional and with an investment component-, nancial risk
and civil third party liability insurance.

2. Ye s, th e in c re ase rh y th m o f th e in -

su ran c e in d u stry fro m R o m an ia w ill

b y p ass th at o f th e n atio n al e c o n o m y.
T h e in su ran c e w e ig h t in G D P is still
to o lo w . T h e R o m an ian e c o n o m y is
g o in g to b e c o m e m o re E u ro p e an ,
m o re in te rn atio n al an d global, considering the risks of such a rapid development one must consider insurance

Angela TONCESCU
President, Insurance Supervisory Commission

1 Certainly, a change of the portfolio

structure will occur, as motor insurances will weaken their domination.
On the market new products dedicated to the target segment will be

We are convinced that in order to achieve the desired development level the communication between the Insurance
Supervisory Commission and the market representatives
has to be at its peak, that is why the quality and frequency
of consultations will continue to be a very important aspect
of our activity. We hope the market has noticed this rise in
transparency and dialogue and appreciates the Insurance
Supervisory Commissions eorts.
Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

launched, more specialized and more
individualized. They will go from mass
insurance products to personalized
products in relation to the needs and
prole of each client.

BCR ASIGURARI
Mihai TECU
President

Another development direction will

be the distribution channels, bancassurance, e-insurance. I am convinced
that the internet will become one of
the most important distribution channels.

> Once the

competition
intensies the
risk management
will grow in
importance as
there is the need to
avoid problematic
situations whose
eects will be
felt by the entire
market

Surely, the rush for market share will

be replaced by the rush for prot.

2. The

insurance markets growth

rhythm will continue to be the highest
in the economy and the reasons are:
Romania is underinsured at present,
the entrance of foreign capital and
economic development will contribute to the increase of demand for
insurances, the development will also
determine the living standards
growth so the demand for insurance
products will go up.
More and more Romanians will bring
along from outside the western mentality and experience with positive
eects on the insurance market.

ASTRA-UNIQA
Radu MUSTEA
General Manager
> The markets increase
will be above the European
average for at least 5 years
from now

1. I believe that the segments which

will gain more and more ground are

life insurances, private pensions and
those for persons. The target public
has started to see more and more the
necessity of life insurances before the
goods and cars insurances. Its an option which depends on the mentality
and the evolution of the insurance
products consumer.

2. I think the growth rhythm of the

market will equilibrate slowly because

of the market is maturing. However,
the markets increase will be above
the European average for at least 5
years from now.

1. Taking into consideration both the

insurance market s history and the

impact of the Romanians integration
into European Union, the Romanian
market will keep on the consolidations way, in the same time with the
increase of capitalizations need and
assets draw. Also, the reserves at the
entire market level will grow proportionally with the underwritten risks.
The need for portfolio diversication
and because of the entrance on the
market of important players from the
European Union, which will bring
know-how and the experience of
countries that went through these
phases, the Romanian insurers will
focus on other risks not covered at
present by the insurance products
and towards the development of niche products, but those starting earlier and with homework well done
have a good chance of improving.
Once the competition intensies, easy
skid will occur, thats why the risk management will grow in importance as
there is the need to avoid problematic
situations whose eects will be felt by
the entire market.

initiatives have contributed to the

grounding of the insurance concept
and the eects will be felt in the next
period of time, especially on the liability segment because of the compulsion imposed by law regarding the
administrators liability insurance, and
because of the awareness of the protection needed in some particular
professions (professional liabilities) in
case of unpleasant events.
Also, the corporate sector represents
another segment eyed by the insurers, oering products that support a
solid business in order to externalize
the nancial risks, but which can guarantee for contracting loans.
Anticipating this trend, BCR Asigurari
has launched The Insurance for commercial loans for the legal entities as
to support the stability and nancial
allowance of insured persons and security of cash ow in the same time
with the improvement of the client
portfolio.
The coverage of the household insurances will evolve on the background
of the economic development and of
the constructions development.
The positive evolution will be achieved also because of the foreign investments which will determine a
boomerang eect. The funds needed
for the territorial development as to
equilibrate the dierences between
the urban and rural regions will involve signicant amounts of money,
which will imply through their use
and results even the insurance sector,
either we talk about liabilities, goods
and household insurance, equipments or nancial risk insurances.

BCR Asigurri de Via

Florina VIZINTEANU
President
> Bancassurance
and health
insurances
will increase
signicantly

. The increase registered until now

will maintain for the next years too,
because although the insurable part
of the economy is still large, insurers
are not exploiting that at its full extent.
The market surpassed the preliminary
phase; the populations education in
what regards the insurance concept
and the need for protection are beginning to take shape, people understand more and more the usefulness of
purchasing insurance. The information campaigns and the legislative

. The reconguration of the actual

pension system will foreground two
preoccupations: the supplementary
Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

accumulation of funds during the active period of life and the identication of solutions for the administration of the risk market aerent to the
saved sums through the public pension fund.
Bancassurance and health insurances
will increase signicantly.

. The growth registered last year is

unsatisfying. I consider that the insurance market will perform better in
the future, we estimate 2530%
growth per year and so the disproportion between the life insurancess
disparity (20%) and the general insurances weight to be whittled down to
equilibrium.
Romania continues to have a high insurance potential. Insurance premiums represent 2% of the Romanian
populations nancial assets, while in
the euro zone these represent 28% of
the populations savings. Also, the penetration degree and density of insurances are still low.

INTERAMERICAN
Timo Van VOORDEN
CEO
> Bills for the
complementary
health insurances
will be drafted
and these will
soon serve an
important market.
The employee
benets market
will also register a
signicant growth

. I estimate a signicant evolution

of the insurance market. The pensions
reform will restructure the insurance
industry and double the entire market in a few years. Bills for the complementary health insurances will be
drafted and these will soon serve another important market. In the third
place, the employee benets market
will register a signicant growth; because of the lack of resources in many
elds, employers will search for more
retention mechanisms using the
group insurances benets.

2. The growth rate will be constant

without taking in consideration the
compulsory pension market. At the
www.insuranceprole.ro

launch of Pillar II, the insurance market will register a real boom.

OMNIASIG LIFE
Fnel PLOPEANU
General Director
> The Romanian
insurance market
is atractive for
many European
insurance
companies and
the market and
the clients can
only benet from
the increased
competitiveness

. I think that life insurances will register an important boost and then
private pension (Pillar II and III). Liability insurances will vary and increase
while health insurances will stimulate
the revolution of the Romanian health
system.

2. Life insurances will reach a volume

of 1 billion euro by 2010. After the EU

accession, the Romanian insurance
market has become a lot more atractive for many European insurance
companies and the market and the
clients can only benet from the increased competitiveness.

rate (notwithstanding the registered

results, for the maintenance and the
increase of the market share). If the
bill regarding the compulsory household insurance is approved, this type
of insurance will register a signicant
growth in gross written premiums,
which will determine changes in the
portfolio structure of the insurance
companies authorized to sell this product.
Life insurances, accidents, health and
private pensions will develop at a higher pace than the average and their
weight in the gross written premiums
will grow year by year.

2. A growth rhythm of 25 30% of

gross written premiums is likely to be

registered, taking into consideration
the markets great potential. The insurances share in GDP and insurance
density in Romania continues to be
under the European average.
This rhythm will be sustained by the
development forecast of the Romanian economy, the aimed ination
rate for the next period, the entrance
of the foreign investors on the market, the estimated increase of the populations income and, last but not
least, the permanent alignment to the
European legislation (for example in
the environment protection eld and
the consumers rights protection).
On the other hand, the great projects
of infrastructure and the increased
rhythm of the construction industry
will lead certainly to a continuing enhance of the gross written premiums
aerent to the damage to properties
and liability insurances.

UNITA
Iulian DUMITRU
General Director
> The great
infrastructure
projects and
the increased
dynamic in civil
engineering will
lead to a continuing
enhance of the
written premiums
for property and
liability insurances

1. The development of the motor insurances will keep developing at a

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Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

AON Romania
Karina ROU
CEO
> CAT risk insurances
for private housing
will be an issue that
will have a great social
impact on medium and
long term

. Not only will it keep the same ratio,

but it will reach new heights. The EU
accession introduces compulsory insurances, especially for the corporate
eld and the brokers are ready to take
the fruits of the international experience.

SRBA
> Insurance
policies will
be come more
complex than
now, with a
more accurate
denition of risks,
in order to satisfy
the increasing
customer
expectations

. The main developments will be

registered in the most dynamic elds
of activity: nancing infrastructure
investments and constructions, diversication of the loan protection, private and professional liability, private
health insurances, pensions, small
and medium company specialized
packages. CAT risk insurances for private housing will be an issue that will
have a great social impact on medium
and long term.

. We think that the demand for insurance will be high in the areas that will
register a good development dynamic, including those linked to the populations health state management
or of the needs for retirees.

LONDON BROKERS
Ovidiu DEMETRESCU
Managing Partner
> The brokers will
play a vital role on the
commercial and industrial
market, thus leaving the
retail segment to the
insurance agents

. If we are referring to the insurance

brokerage market I would say that
there will be much more of a balance
between consultancy and intermediation. In terms of insurance products, the brokers will play a vital role
on the commercial and industrial
market, thus leaving the retail segment to the insurance agents. We will
certainly get involved in the Employee
benets segment where the market
lacks legislation, mentality and offers.

Gheorghe GRAD
General Manager
1. The insurance products will be

more modern and more diverse; also

the clients responsibility towards
their insured goods has to increase
(nobody, in Romania, made any eort
in this direction). The entrance of western players will force the market to
adapt very quickly. Also, eorts will be
made to consolidate the portfolios
and to retain customers, as the growth
in competitiveness will generate
changes in customer relations. Insurance policies will be come more
complex than now, with a more accurate denition of risks, in order to satisfy the increasing customer expectations.

. Certainly this growth rate will remain the same 10-15 years from now.
Its a shame that the European legislation doesnt oblige all the operators
to report the result on every market
they operated on, in order to prove
my previous statement. But, one of
the most mature insurance markets in
Europe is the Belgian one. In 2005 the
average expenditure on insurance for
every Belgian was 1500 euro per capita. In Romania, that expenditure is
56 euro per capita. This is where we
are and where we have to go. Now
judge for yourselves, how many years
will the insurance market in Romania
grow?!

Insurance PROFILE Review - industry quarterly

May 21st - 25th

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ROMANIAN INSURANCE MARKET 2006

THE ROMANIAN INSURANCE MARKET

2006 - THE CONCLUSIONS

A TIMID SHIFT TOWARDS PROFITABILITY
In our previous edition of the market report (March 2007),
we presented detailed information regarding the preliminary results of 2006. We then reviewed the portfolio structure, the market ranking modications, as well as the damage and reinsurance information. In the months that went
by, the insurance companies audited this information and
provided us with their nal results, slightly modied due
to this process.
Still, the overall modications are just a ne tuning that
did not essentially change the conclusions that could be
depicted from the preliminary data analysis.

the insurance penetration degree calculated as weight

of insurance eld in GDP, reached 1.67% (considering the
value of RON 342,4 billion estimated by The National Institute of Statistics for the Gross Domestic Product in 2006).
Comparing with 2005, this means a 7.7% growth of the
insurance contribution.
the insurance density, as average amount spent in 2005
by Romanians for insurances, increased at 74.75 EUR/inhabitant (calculated for a population of 21,673,328 inhabitants, according to the most recent available statistic
from the 1st of July 2004), meaning with approximately.
32% more than in 2005.
Life insurances share in the market portfolio decreased,
from approximately. 23% in 2005, to less than 20% in
2006
In the same time, the weight of motor insurance lines
went up with approximately. 3%, reaching a 54% share of
the whole portfolio (xx% of the non-line insurances)

Graph 1. Consolidated insurance portfolio in 2006

GENERAL INSURANCE
80.22 %

Other lines
2.91 %
Accident and
illness insurance 1.80 %
Travel insurance 0.61 %
Credit & warranties
7.03 %
GTPL 1.62 %

LIFE INSURANCE
19.78%

Property
12.19%
Fire and
allied perils
9.32%
Damages
to propery
2.87 %

2006
MARKET
PORTFOLIO
Compulsory
MTPL 21.41 %

Motor hull
32.65%

Motor
54.06 %

Life insurance
Non-life insurance
Of which Motor insurance
Of which
CASCO
MTPL + Green Card
Property insurance
GTPL
Credit & warranties insurance
Travel insurance
Accident & sickness insurance
Health insurance
Goods insurance, including transported
commodities
Transport insurance, other than terrestrial
Other

Let us shortly recap the main coordinates:

2006

2005

2004

2003

2002

19.78
80.22
54.06
32.65
21.41
12.19
1.62
7.03
0.61
1.80
0.60
0.83

23.17
76.83
51.81
30.35
21.85
12.23
1.92
5.95
0.54
1.40
0.47
0.96

21.61
78.39
52.31
30.31
22.00
13.23
1.80
3.84
0.43
2.63
0.62
0.92

23.47
76.53
50.64
29.67
20.97
12.28
2.23
4.79
0.45
2.19
0.88
1.07

22.96
77.04
49.49
30.41
19.08
13.30
1.66
2.12
0.18
3.25
0.81
0.88

0.91
0.57

1.98
0.43

2.08
0.34

1.82
1.12

4.93
0.42

Property lines kept almost the same weight in the general portfolio, approximately 12%, only giving some extra
points to the damages to property line, which registered
a much higher growth rate than the re & allied perils
line (144% compared to 17%)
Continuing its ascendant course, the credit & warranties
insurance line grew its weight with about 1%, reaching a
7% market share
Claims growth rate continued to surpass the GWP dynamic, thus the ratio claims paid/written premium is
worsening, especially in what motor hull insurance is concerned, the average value of the market being 67%. Compared to this average, an alarming value itself, there are 9
companies with a higher value than this proportion, for
4 of them the paid claims representing 95% and 116% of
the written premiums. This phenomenon can be considered as worrying as the volume of the technical reserves
and of the ceded premiums in reinsurance by some of
these companies dont reect the higher value of damages they are deal with.
The relativelly quiet year in what the natural hazards is
concerned, 2006 witnessed a substantial improvement
of the claims/premium ratio property insurances, from
21,35% in 2005, to approximate 10%.

PROFITABILITY
In terms of protability we dare say that it is noticeable an
improvement of the overall market situation. In aggregate
values, the Romanian companies reported a progress in
terms of gross prot (compared to 2005 when the companies that provided us with sucient data reported a total
prot of approximately 20 million euro, 2006 marks a 35%
growth of the aggregate gross prot of around 27.12 million euro).
In what regards technical results, if general insurances
have had a negative trend in 2005, the situation seems to
be better now (the companies negative technical result in
Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

our report is approximately 2.8 million euro, down from
7.8 million euro), thus registering a signicant progress.
In what concerns life insurance, the results were positive
for the last few years (31.5 million euro in 2005) and it still
is positive but by a smaller amount, approximately 23 million euro.ING Asigurari de Viata registered the best market
performance in terms of prot, thus outranking its main
competitor in the race for protability. The gross volume
of almost 12 million euro is, in fact, a quarter of the total
volume of positive results registered by insurers for this
indicator.

The market leader ALLIANZ-TIRIAC continued, in its usual manner, a protable growth, thus reported a gross
prot more or less equal to the one registered in 2005
(9.96 million euro, compared to 9.94 million euro), which
represents the second best results after ING Asigurari de
Viata. If in general insurances the company registered a
40% growth of its technical result, life insurances marked
a slightly negative turn.
The most interesting results from this point of view were
registered by ASIROM and GARANTA. In what regards ASIAUDITED DATA Source: the insurance companies statements

Financial indicators of the insurance companies

TECHNICAL RESULT

GROSS FINANCIAL RESULT

No.

Company

SHARE CAPITAL

LIFE INSURANCE
2006

EUR m.

RON m.

EUR m.

2005
RON m.

EUR m.

2006
EUR m.

RON m.

2005
RON m.

EUR m.

RON m.

NON-LIFE INSURANCE
2006
2005
EUR m.
RON m.
EUR m.
RON m.

1 ABC Asigurri

3.40

12.00

NA

NA

0.07

0.24

NA

NA

0.00

0.00

NA

NA

0.03

0.12

2 AGRAS

2.53

8.91

0.01

0.03

-0.41

-1.50

0.00

0.00

NA

NA

-0.43

-1.56

3 AIG LIFE*

7.49

26.42

6.81

24.00

3.33

12.06

NA

NA

3.69

13.38

0.00

0.00

4 AIG Romnia

2.43

8.56

0.49

1.74

0.87

3.14

0.00

0.00

1.25

4.40

0.64

2.31

9.96

35.09

10.95

38.59

9.94

36.02

-0.40

- 1.42

0.11

0.40

11.49

40.50

8.25

29.91

6 ARDAF

46.13

162.59

NA

NA

0.10

0.38

NA

NA

-0.04

-0.13

NA

NA

0.85

3.07

7 ASIBAN

21.56

76.00

1.36

4.80

2.68

9.69

10.48

36.93

7.68

27.83

-10.40

- 36.65

-4.14

-15.01

8 ASIROM

18.10

63.79

3.98

14.04

-9.96

-36.10

1.10

3.89

-0.22

-0.79

4.68

16.51

-6.59

-23.89

2.27

8.00

0.02

0.08

0.11

0.39

0.00

0.00

0.00

0.01

0.01

0.04

2.49

8.77

0.29

1.04

0.30

1.08

0.03

0.11

0.57

2.00

0.28

1.00

5 ALLIANZ-IRIAC

9 ASIROM CONCORDIA
10 ASITO KAPITAL
11 ASITRANS
12 ASTRA-UNIQA*
13 ATE INSURANCE

3.43

12.10

NA

NA

0.05

0.17

0.00

0.00

NA

NA

0.08

0.29

54.68

192.71

NA

NA

-6.20

-22.46

NA

NA

-0.39

-1.41

NA

NA

-5.17

-18.74

5.74

20.22

-0.31

-1.10

0.00

0.00

0.02

0.09

0.68

2.48

-0.21

-0.72

0.00

0.00

25.64

90.38

NA

NA

3.94

14.29

NA

NA

6.80

24.63

3.26

11.81

15 BCR Asigurri

8.51

30.00

NA

NA

0.01

0.04

0.00

0.00

NA

NA

0.00

0.00

16 BCR Asig. de Via

6.22

21.93

1.84

6.48

1.84

6.66

1.83

6.46

0.63

2.28

0.00

0.00

14 AVIVA

17 BT Asigurri

10.36

36.50

-2.07

-7.31

0.13

0.47

NA

NA

0.01

0.05

NA

NA

0.29

1.06

18 CARPATICA Asig

3.40

12.00

0.06

0.23

0.03

0.10

0.01

0.03

0.00

0.00

0.05

0.16

0.11

0.39

19 CERTASIG

2.34

8.24

-0.33

-1.15

0.00

0.00

0.00

0.01

0.02

0.06

-0.32

- 1.14

0.00

0.00

20 CITY Insurance

2.28

8.04

0.05

0.18

0.02

0.09

0.00

0.00

0.03

0.12

0.01

0.04

21 DELTA Addendum

2.27

8.00

-0.27

-0.94

0.00

0.00

-0.27

-0.97

0.00

22 DELTA Asigurri

3.69

13.00

5.86

20.65

1.18

4.29

1.15

4.06

1.25

4.54

0.00

0.00

23 EUROASIG

2.28

8.03

NA

NA

-0.53

-1.91

0.00

0.00

NA

NA

-0.47

-1.69

24 GARANTA

5.97

21.04

3.47

12.22

0.34

1.25

1.22

4.31

0.69

2.50

2.24

7.88

-0.34

-1.25

25 GENERALI

14.19

50.00

-8.80

-31.00

-4.16

-15.07

-5.44

- 19.16

-2.29

-8.31

-4.17

- 14.71

-2.44

-8.83

26 GERROMA*

2.27

8.00

NA

NA

0.01

0.05

NA

NA

0.00

0.00

NA

NA

0.11

0.40

27 GRAWE

8.08

28.49

1.48

5.20

1.10

3.99

1.48

5.21

1.16

4.22

0.03

0.09

0.00

0.00

28 ING Asig. de Via

12.78

45.04

11.88

41.87

7.97

28.88

12.64

44.54

10.69

38.75

0.00

0.00

29 INTERAMERICAN

12.74

44.91

-3.52

-12.40

-2.42

-8.78

-0.97

- 3.42

-1.06

-3.83

-2.49

- 8.77

-1.37

-4.95

30 IRASIG

2.30

8.11

-0.41

-1.43

0.00

0.00

0.00

0.00

-0.29

- 1.02

-0.03

-0.12

31 KD LIFE

3.40

12.00

-1.27

-4.47

-0.16

-0.57

NA

NA

-0.10

-0.37

-0.15

-0.55

32 NBG ASIGURRI*

3.26

11.50

-0.39

-1.38

-0.02

-0.09

0.00

0.00

-0.31

- 1.09

0.22

0.81

33 OMNIASIG

29.29

103.24

1.60

5.66

1.50

5.43

0.00

0.00

3.88

13.68

1.47

5.34

34 OMNIASIG Life

4.60

16.20

NA

NA

0.14

0.52

NA

NA

0.27

1.00

0.01

0.03

35 OTP Garancia Asigurri

6.84

24.11

-0.03

-0.10

0.00

-0.31

- 1.09

0.00

-0.72

- 2.55

0.00

36 RAI

2.29

8.07

0.41

1.43

2.42

8.77

0.00

0.00

0.09

0.30

-0.34

-1.23

0.08

0.28

1.48

5.36

-7.87

-27.72

-7.18

-26.00

22.83

80.45

-2.75

-9.70

37 UNITA

32.43

114.29

-6.07

-21.40

TOTAL

387.65

1,366.29

27.11

95.57

Note: The table shows only the companies which provided data regarding the mentioned nancial indicators; * non-audited data

www.insuranceprole.ro

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

ROM, after a long period of time when the balance sheet
ended with a negative report, in 2006 they reported a
gross prot of almost 4 million euro. This result is even
more signicant as it marks some other positive technical
results, both for life insurances (1.1 million euro), as well
as for general insurance (approximately 4.7 million euro).
With a modest growth rate compared to the market average, ASIROM is second in the ranking of gross underwritten premiums.
GARANTA, which in 205 reported a modest gross prot of
about 0.34 million euro, managed to grow in a spectacular
manner by ten times and reached 3.47 million euros. Also,
it is important to notice that, although GARANTA has one
of the top growth rates in the market (nominal growth
in euro: 136%), the company managed to achieve this
performance without sacricing the nancial eciency
parameters and maintained a positive technical result in
life insurances and substantially improved the general insurance technical result (from -0.34 million to 2.24 million
euros).
It is worth noticing the positive results of AIG Life, with a
gross prot of 6.8 million euro, and Delta Asigurari with
about 5.8 million euro, both companies registering positive technical results. OMNIASIG, a company with one of
the most constant evolution during the last few years,
managed to maintain its prot rate, but registering a signicantly improved technical result compared to 2005.

Obviously, the market did not register only positive results. In a possible backwards ranking, UNITA leads the
way by some distance. If we are to compare with 2005
when, in spite of a big negative technical result in general insurances (-7.87 million euro), the company managed to register a slight prot of 0.28 million euro, in 2006
together with a negative technical result of -7.87 million
euro, UNITA registered a loss of approximately 6 million
euro. Certainly these results can be an eect of the deep
reforms the WIS Group companies in Romania are undergoing, which makes the 2007 company results the more
interesting.
Finally, a string of negative results can be noticed for the
prot and technical results of INTERAMERICAN, for both
2005 and 2006.
Certainly it is too early to state that there is a clear change
of the insurers orientation towards protability. Although
the data that we have could point us towards a more optimistic approach, it is still early to talk about a trend. Also,
let us not forget that, without the necessary data from ASTRA-UNIQA, a powerful player on the market, the aggregate results can still suer major changes. Still, let us point
out the fact that the number of companies that registered
negative technical results is diminishing, that the companies that
were oriented towards protability have maintained the same
behavior and that there are some insurers that have managed to
take a signicant leap into the positive part of the ranking.

GROSS WRITTEN PREMIUMS IN 2006, life insurance and general insurance added up
0

50

100

150

200

250

300

350

EUR m.

ALLIANZ-IRIAC
ASIROM
OMNIASIG
ASIBAN
ING Asigurri de Via
BCR Asigurri
ASTRA - UNIQA
GENERALI
UNITA
BT Asigurri
ARDAF
AIG LIFE

TOP 10 - MARKET SHARES, 2006 life insurance and general insurance added up

CARPATICA Asigurri
GARANTA

No.

Company

AIG Romnia
ASITRANS
GRAWE
AVIVA
INTERAMERICAN
BCR Asigurri de Via
OMNIASIG Life
ASITO KAPITAL
RAI
AGRAS
NBG ASIGURRI

*non-audited gures

GWP
2006
EUR m.

MARKET
SHARE
2006
%

1 ALLIANZ-IRIAC

316.59

19.42

2 ASIROM

170.23

10.44

3 OMNIASIG

152.10

9.33

4 ASIBAN

127.99

7.85

5 ING Asig. de Via

123.66

7.58

6 BCR Asigurri

120.29

7.38

7 ASTRA- UNIQA*

86.33

5.29

8 GENERALI

84.76

5.20

9 UNITA

73.55

10 BT Asigurri
TOTAL TOP 10

OTHER COMPANIES
19.22%

2006
OVERALL
INSURANCE
MARKET

Nominal
change
in EUR
%

Paid
claims
2006
EUR m.

32.31

166.33

7.54

113.20

30.72

81.51

34.73

69.52

14.04

36.39

46.81

71.38

83.69

34.94

135.19

28.40

4.51

6.11

50.22

59.87

3.67

109.09

28.54

1,315.37

80.67

34.18

680.43

10

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Financial indicators for 2006 (life and non-life insurance lines)

Real
Nominal
change in change in
EUR
RON

GROSS WRITTEN PREMIUM

No.

Company

2006
EUR m.

2005

RON m.

EUR m.

RON m.

AUDITED DATA

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006
EUR m.

2005

RON m.

EUR m.

Market
share
2006

PAID CLAIMS
2006

RON m.

EUR m.

2005

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

316.59 1,115.83

239.29

867.03

32.31

22.72

155.96

549.68

89.64

324.80

166.33

586.24

115.26

417.63

19.42

2 ASIROM

170.23

599.98

158.30

573.57

7.54

-0.25

10.83

38.18

10.35

37.52

113.20

398.98

97.68

353.92

10.44

3 OMNIASIG

152.10

536.08

116.36

421.61

30.72

21.25

25.94

91.43

17.18

62.25

81.51

287.28

46.98

170.23

9.33

4 ASIBAN

127.99

451.08

94.99

344.20

34.73

24.97

26.38

92.96

23.73

85.99

69.52

245.02

37.26

135.00

7.85

5 ING Asig. de Via

123.66

435.84

108.44

392.92

14.04

5.77

0.50

1.76

0.49

1.78

36.39

128.24

3.00

10.89

7.58

6 BCR Asigurri

120.29

423.96

81.94

296.89

46.81

36.17

59.63

210.18

25.09

90.90

71.38

251.57

31.12

112.75

7.38

7 ASTRA- UNIQA*

86.33

304.27

47.00

170.29

83.69

70.38

NA

NA

3.48

12.62

34.94

123.14

24.77

89.75

5.29

8 GENERALI

84.76

298.74

36.04

130.58

135.19

118.15

39.65

139.74

18.16

65.82

28.40

100.11

16.66

60.37

5.20

9 UNITA*

73.55

259.22

69.31

251.15

6.11

-1.58

22.65

79.84

19.23

69.68

50.22

176.98

36.78

133.25

4.51

10 BT Asigurri*

59.87

211.00

28.63

103.74

109.09

93.94

11.51

40.56

5.11

18.51

28.54

100.60

7.94

28.78

3.67

11 ARDAF

55.76

196.51

64.56

233.92

-13.63

-19.89

3.42

12.05

2.61

9.46

33.42

117.78

32.48

117.69

3.42

12 AIG LIFE*

39.67

139.82

28.56

103.49

38.90

28.84

2.26

7.98

2.93

10.61

0.70

2.48

0.45

1.64

2.43

13 CARPATICA Asig

32.26

113.71

15.31

55.47

110.76

95.49

5.90

20.81

2.39

8.66

14.40

50.74

7.10

25.72

1.98

14 GARANTA

25.95

91.46

10.95

39.69

136.93

119.76

18.81

66.30

7.06

25.60

14.42

50.82

6.12

22.19

1.59

15 AIG Romnia

22.28

78.52

22.02

79.77

1.19

-6.14

20.50

72.24

20.29

73.53

1.33

4.68

0.96

3.48

1.37

16 ASITRANS

18.46

65.07

7.25

26.27

154.63

136.18

8.84

31.16

1.74

6.29

6.20

21.86

2.29

8.31

1.13

17 GRAWE

18.31

64.54

9.74

35.31

87.91

74.29

0.92

3.23

0.58

2.09

0.66

2.31

0.08

0.28

1.12

18 AVIVA

18.15

63.98

13.51

48.95

34.38

24.64

0.19

0.70

0.12

0.43

1.11

19 INTERAMERICAN

15.08

53.16

12.91

46.76

16.87

8.40

3.41

12.03

3.03

10.97

5.65

19.91

5.07

18.39

0.93

20 BCR Asig. de Via

14.29

50.37

1.68

5.92

0.82

2.89

0.85

21 OMNIASIG Life

13.87

48.87

15.27

55.34

-9.22

-15.80

0.23

0.81

1.24

4.50

5.54

19.54

1.29

4.67

0.88

22 ASITO KAPITAL

8.67

30.57

7.02

25.43

23.56

14.61

6.58

23.18

5.97

21.64

3.67

12.92

0.90

3.25

0.53

23 RAI

6.99

24.64

5.59

20.26

25.00

15.94

0.25

0.89

0.18

0.64

2.36

8.31

1.84

6.68

0.43

24 AGRAS

6.13

21.62

10.09

36.55

-39.18

-43.59

0.38

1.33

1.00

3.61

2.56

9.01

5.13

18.60

0.38

25 NBG ASIGURRI*

4.14

14.61

3.98

14.40

4.26

-3.30

2.37

8.35

2.32

8.41

1.92

6.76

1.33

4.84

0.25

26 OTP Garancia Asigurri

3.31

11.68

2.66

9.65

24.45

15.44

0.10

0.36

0.05

0.19

1.44

5.08

1.14

4.12

0.20

27 EUROASIG

3.13

11.04

0.43

1.55

633.73

580.56

0.73

2.58

0.04

0.16

0.69

2.45

0.06

0.21

0.19

28 ABC Asigurri

2.24

7.89

0.99

3.59

126.09

109.71

0.59

2.10

0.33

1.21

0.68

2.39

0.23

0.83

0.14

29 DELTA Asigurri

2.03

7.14

1.80

6.54

12.26

4.12

0.24

0.84

0.23

0.82

0.12

30 DELTA Addendum

1.11

3.92

1.14

4.11

-1.94

-9.05

0.17

0.61

0.13

0.46

0.33

1.17

0.45

1.64

0.07

31 CITY Insurance

1.11

3.92

0.99

3.59

12.40

4.26

0.04

0.13

0.04

0.13

0.12

0.44

0.11

0.38

0.07

32 GERROMA*

0.81

2.85

0.61

2.19

33.36

23.70

0.01

0.05

0.01

0.04

0.05

33 KD LIFE

0.57

2.00

0.00

0.00

0.00

0.02

0.03

34 CERTASIG

0.54

1.90

0.13

0.46

328.94

297.86

0.04

0.14

0.02

0.07

0.08

0.28

0.03

35 IRASIG

0.22

0.77

0.23

0.82

-3.08

-10.10

0.04

0.13

0.08

0.29

0.02

0.06

0.01

0.02

0.01

36 ASIROM CONCORDIA

0.08

0.27

0.10

0.37

-24.50

-29.97

0.02

0.06

0.05

0.17

0.00

37 ATE INSURANCE

0.02

0.06

0.02

0.06

0.00

TOTAL TOP 10

1,315.37 4,636.00

980.29 3,551.98

34.18

24.46

353.05 1,244.34

212.47

769.86

680.43 2,398.18

417.44 1,512.57

80.67

TOTAL

1,630.56 5,746.89 1,216.011 4,406.46

34.08

24.36

430.30 1,516.58

264.71

959.14

777.65 2,740.84

484.97 1,757.24

100.00

*non-audited gures;
Note: The total values within the TOTAL row represent the sum of all available indicators for each company.

www.insuranceprole.ro

11

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

LIFE INSURANCE
Gross written premiums for life insurance in 2006
0

EUR m.

30

60

90

120

150

ING Asigurri de Via

AIG LIFE
ASIROM
ALLIANZ-IRIAC

Top 10 - market shares, 2006 for life insurance

GRAWE

No.

ASIBAN

Company

MARKET
SHARE
2006

GWP
2006

AVIVA
BCR Asigurri de Via

EUR m.

OMNIASIG Life

1 ING Asig. de Via

OTHER COMPANIES
5.23%

EUR m.

122.38

37.94

12.86

35.99

GENERALI

2 AIG LIFE

39.67

12.30

38.90

0.70

INTERAMERICAN

3 ASIROM

24.98

7.74

9.61

21.69

37.15

1.92

87.91

0.66

-25.03

2.07

34.38

5.53

BT Asigurri

4 ALLIANZ-IRIAC

24.73

7.67

DELTA Asigurri

5 GRAWE

18.31

5.68

GARANTA

6 ASIBAN

18.24

5.66

7 AVIVA

18.15

5.63

8 BCR Asig. de Via

13.42

4.16

-12.14

9 OMNIASIG Life

12.50

4.43

NA

11.57

3.59

102.45

0.80

303.96.

94.77

23.36

69.36

ARDAF
KD LIFE
ASTRA - UNIQUA

10 GENERALI
TOTAL TOP 10

Financial indicators for 2006 (life insurance)

No.

Nominal PAID
change CLAIMS
in EUR
2006

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

AUDITED DATA

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

122.38

431.34

108.44

392.92

12.86

4.68

0.49

1.73

0.49

1.78

35.99

126.83

3.00

10.89

37.94

2 AIG LIFE

100.00

39.67

139.82

28.56

103.49

38.90

28.84

2.26

7.98

2.93

10.61

0.70

2.48

0.45

1.64

12.30

3 ASIROM

14.67

24.98

88.04

22.79

82.57

9.61

1.67

21.69

76.45

17.20

62.32

7.74

7.81

24.73

87.18

18.04

65.35

37.15

27.21

NA

NA

1.47

5.32

1.92

6.75

0.42

1.51

7.67

5 GRAWE

100.00

18.31

64.54

9.74

35.31

87.91

74.29

0.92

3.23

0.58

2.09

0.66

2.31

0.08

0.28

5.68

6 ASIBAN

14.25

18.24

64.30

24.33

88.17

-25.03

-30.46

0.55

1.95

0.55

2.00

2.07

7.29

1.02

3.71

5.66

7 AVIVA

100.00

18.15

63.98

13.51

48.95

34.38

24.64

0.19

0.70

0.12

0.43

5.63

8 BCR Asig. de Via

100.00

14.29

50.37

1.68

5.92

NA

NA

0.82

2.89

NA

NA

4.16

4 ALLIANZ-IRIAC

9 OMNIASIG Life

2006

PAID CLAIMS

98.97

1 ING Asig. de Via

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

Nominal Real
change in change in
EUR
RON

2005

2006
LIFE
INSURANCE

96.78

13.42

47.30

15.27

55.34

-12.14

-18.51

0.23

0.81

1.24

4.50

5.53

19.50

1.29

4.67

4.43

10 GENERALI

13.65

11.57

40.77

5.71

20.70

102.45

87.77

0.40

1.41

0.25

0.91

0.80

2.84

0.11

0.40

3.59

11 INTERAMERICAN

51.56

7.78

27.41

6.17

22.34

26.13

16.99

0.89

3.14

0.76

2.74

0.86

3.03

0.37

1.35

2.41

4.55

2.72

9.59

1.69

6.12

61.07

49.39

0.06

0.20

0.02

0.08

0.09

0.32

0.04

0.13

0.84

100.00

2.03

7.14

1.80

6.54

12.26

4.12

0.24

0.84

0.23

0.82

0.63

7.63

1.98

6.98

0.79

2.87

150.23

132.09

0.28

0.99

0.21

0.76

0.09

0.33

0.06

0.22

0.61

15 ARDAF

2.23

1.24

4.38

1.71

6.18

-27.18

-32.46

0.03

0.09

0.02

0.08

0.40

1.41

0.28

1.02

0.39

16 KD LIFE

100.00

0.57

2.00

0.00

0.00

0.00

0.02

17 ASTRA-UNIQA*

0.53

0.46

1.61

0.75

2.70

-38.91

-43.33

0.00

0.00

0.22

0.78

0.01

0.04

0.14

18 OTP Garancia Asig

0.29

0.01

0.03

0.00

19 CARPATICA Asig

0.01

0.00

12 BT Asigurri
13 DELTA Asigurri
14 GARANTA

TOTAL TOP 10
TOTAL ACTIVE
COMPANIES IN 2006
TOTAL

19.78

0.18

0.01

0.03

0.10

-93.08

-93.58

0.00

0.00

0.00

303.96 1,071.32

246.40

892.81

23.36

14.42

4.86

17.11

7.70

27.92

69.36

244.44

23.69

85.84

94.80

320.75 1,130.48

259.33

939.67

23.68

14.72

6.11

21.54

8.72

31.58

71.27

251.18

24.68

89.43

100.00

322.54 1,136.79

286.47 1,038.00

12.59

4.43

7.79

27.45

8.72

31.58

72.09

254.07

24.68

89.43

100.00

*non-audited data;
ASITO KAPITAL, BCR Asigurari, MEDAS, SARA MERKUR and UNITA amounted EUR 27.11 million from life insurance during 2005. In 2006 those companies were no longer active in the Life Insurance Market

12

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Life ins., annuities and supplementary ins. GWP in 2006

No.

Company

1 ING Asig. de Via

Life ins. & annuities related to investments funds ins. GWP 2006

% in
all
GWP

GROSS WRITTEN PREMIUM Nominal Real

% in
change change
life
2006
2005
in EUR in RON
GWP
%
EUR m. RON m. EUR m. RON m. %

33.79

34.14

41.79 147.28

36.56 132.48

14.29

Company

6.01

1 ING Asig. de Via

2 ALLIANZ-IRIAC

2 ASIROM

14.67 100.00

24.98

88.04

22.79

82.57

9.61

1.67

3 GRAWE

100.00 100.00

18.31

64.54

9.70

35.15

88.77

75.09

4 ASIBAN

14.25 100.00

18.24

64.30

24.33

5 BCR Asig. de Via

No.

3 AVIVA
4 INTERAMERICAN

88.17 -25.03 -30.46

100.00 100.00

14.29

50.37

96.78 100.00

5 KD LIFE

GROSS WRITTEN PREMIUM

% in
all
GWP

% in
life
GWP

65.17

65.86

80.60 284.06

70.54 255.59

14.26

5.98

2006

2005

EUR m. RON m. EUR m. RON m.

Nominal Real
change change
in EUR in RON

4.89

62.62

15.49

54.59

12.03

43.57

28.80

19.46

70.14

70.14

12.73

44.88

9.47

34.30

34.51

24.76

5.76

11.17

0.87

3.06

0.43

1.54 104.47

89.65

87.84

87.84

0.50

1.76

13.42

47.30

11.16

40.45

20.20

11.49

6 GENERALI

0.34

2.50

0.29

1.02

2.92

37.38

9.25

32.59

6.01

21.77

53.86

42.71

7 ARDAF

0.12

5.28

0.07

0.23

0.06

0.23

3.77

-3.75

8 GENERALI

10.03

73.48

8.50

29.96

4.86

17.62

74.84

62.17

8 AIG LIFE*

3.62

13.11

9 INTERAMERICAN

45.80

88.83

6.91

24.35

5.74

20.80

20.33

11.61

9 OMNIASIG Life

3.82

13.84

29.86

29.86

5.42

19.10

3.96

14.35

36.91

26.99

TOTAL

6.79 34.46 110.54 389.60 99.96 362.19 10.59

2.57

*non-audited gures.

6 OMNIASIG Life
7 ALLIANZ-IRIAC

10 AVIVA
11 BT Asigurri

4.55 100.00

2.72

9.59

1.69

6.12

61.07

49.39

100.00 100.00

2.03

7.14

1.80

6.54

12.26

4.12

13 GARANTA

7.63 100.00

1.98

6.98

0.79

2.87 150.23 132.09

14 ARDAF

2.01

90.14

1.12

3.95

0.95

3.43

15 ASTRA*

0.53 100.00

0.46

1.61

0.75

2.70 -38.91 -43.33

12.16

0.07

0.24

17 OTP Garancia Asig.

0.29 100.00

0.01

0.03

18 CARPATICA Asig

0.01 100.00

0.00

0.01

0.03

NA

NA

24.24

12 DELTA Asigurri

16 KD LIFE

19 AIG LIFE*
TOTAL
*non-audited gures

www.insuranceprole.ro

12.16

9.53

18.26

- NA

NA
-

AUDITED DATA
Source: the insurance companies statements

9.69

0.10 -93.08 -93.58

87.84

NA

NA

48.39 169.49 597.38 131.13 475.13

13

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

NON LIFE INSURANCE

GROSS WRITTEN PREMIUMS for non-life insurance in 2006
0

50

100

EUR m.

150

200

250

300

350

ALLIANZ-IRIAC
OMNIASIG
ASIROM
BCR Asigurri
ASIBAN
ASTRA - UNIQA
UNITA
GENERALI
BT Asigurri

Top 10 - market shares, 2006 for life insurance

ARDAF
CARPATICA Asigurri

No.

Company

GARANTA
AIG Romnia
ASITRANS
ASITO KAPITAL
INTERAMERICAN
RAI
AGRAS
NBG ASIGURRI
OTP Garancia Asigurri

GWP
2006

MARKET
SHARE
2006

EUR m.

Nominal PAID
change CLAIMS
in EUR
2006
OTHER COMPANIES 11.01

EUR m.

1 ALLIANZ-IRIAC

291.86

22.31

31.91

164.31

2 OMNIASIG

152.10

11.63

30.72

81.51

3 ASIROM

145.25

11.10

7.19

91.51

4 BCR Asigurri

120.29

9.20

98.81

71.38

5 ASIBAN

109.74

8.39

55.31

67.45

6 ASTRA - UNIQA*

85.87

6.57

85.67

34.72

7 UNITA

73.55

5.62

11.61

50.22

8 GENERALI

73.19

5.60

141.36

27.60

9 BT Asigurri

57.14

4.37

112.11

28.45

54.51

4.17

-13.27

33.02

1,163.51

88.99

40.20

650.27

10 ARDAF
TOTAL TOP 10

2006
GENERAL
INSURANCE

*non-audited gures.

www.insuranceprofile.ro

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14

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Financial indicators for 2006 (non-life insurance)

No.

Company

Weight in
the own
insurance
portfolio
%

1 ALLIANZ-IRIAC
2 OMNIASIG
3 ASIROM
4 BCR Asigurri

92.19

GROSS WRITTEN PREMIUM

2006
EUR m.

AUDITED DATA

Nominal Real
change in change in
EUR
RON

2005

RON m.

EUR m.

RON m.

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

291.86 1,028.66

221.25

801.68

31.91

22.35

155.96

549.68

88.17

319.48

164.42

579.49

114.84

416.13

22.31

100.00

152.10

536.08

116.36

421.61

30.72

21.25

25.94

91.43

17.18

62.25

81.51

287.28

46.98

170.23

11.63

85.33

145.25

511.95

135.51

491.00

7.19

-0.58

10.83

38.18

10.35

37.52

91.51

322.54

80.48

291.59

11.10

100.00

120.29

423.96

60.50

219.23

98.81

84.40

59.63

210.18

25.09

90.90

71.38

251.57

30.81

111.64

9.20

5 ASIBAN

85.75

109.74

386.78

70.66

256.03

55.31

44.05

25.82

91.01

23.18

83.98

67.45

237.74

36.23

131.28

8.39

6 ASTRA-UNIQA*

99.47

85.87

302.67

46.25

167.59

85.67

72.21

NA

NA

3.48

12.62

34.72

122.36

24.76

89.72

6.57

7 UNITA

100.00

73.55

259.22

65.90

238.76

11.61

3.53

22.65

79.84

19.23

69.68

50.22

176.98

35.43

128.39

5.62

8 GENERALI

86.35

73.19

257.97

30.32

109.88

141.36

123.87

39.25

138.33

17.91

64.91

27.60

97.27

16.55

59.97

5.60

9 BT Asigurri

95.45

57.14

201.40

26.94

97.62

112.11

96.74

11.45

40.36

5.08

18.42

28.45

100.28

7.91

28.65

4.37

10 ARDAF

97.77

54.51

192.13

62.85

227.74

-13.27

-19.55

3.39

11.96

2.59

9.38

33.02

116.37

32.20

116.67

4.17

11 CARPATICA Asig

99.99

32.26

113.71

15.28

55.36

111.15

95.85

5.90

20.81

2.39

8.66

14.40

50.74

7.10

25.71

2.47

12 GARANTA

92.37

23.97

84.48

10.16

36.82

135.89

118.80

18.53

65.31

6.86

24.84

14.40

50.74

6.06

21.97

1.83

13 AIG Romnia

100.00

22.28

78.52

22.02

79.77

1.19

-6.14

20.50

72.24

20.29

73.53

1.33

4.68

0.96

3.48

1.70

14 ASITRANS

100.00

18.46

65.07

7.25

26.27

154.63

136.18

8.84

31.16

1.74

6.29

6.20

21.86

2.29

8.31

1.41

15 ASITO KAPITAL

100.00

8.67

30.57

6.55

23.73

32.42

22.82

6.58

23.18

5.97

21.64

3.67

12.92

0.54

1.95

0.66

48.44

7.31

25.75

6.74

24.42

8.41

0.55

2.52

8.89

2.27

8.23

4.79

16.88

4.70

17.04

0.56

17 RAI

100.00

6.99

24.64

5.59

20.26

25.00

15.94

0.25

0.89

0.18

0.64

2.36

8.31

1.84

6.68

0.53

18 AGRAS

100.00

6.13

21.62

10.09

36.55

-39.18

-43.59

0.38

1.33

1.00

3.61

2.56

9.01

5.13

18.60

0.47

19 NBG ASIGURRI*

100.00

4.14

14.61

3.98

14.40

4.26

-3.30

2.37

8.35

2.32

8.41

1.92

6.76

1.33

4.84

0.32

99.71

3.30

11.65

2.66

9.65

24.09

15.10

0.10

0.36

0.05

0.19

1.44

5.08

1.14

4.12

0.25

21 EUROASIG

100.00

3.13

11.04

0.43

1.55

633.73

580.56

0.73

2.58

0.04

0.16

0.69

2.45

0.06

0.21

0.24

22 ABC Asigurri

100.00

2.24

7.89

0.99

3.59

126.09

109.71

0.59

2.10

0.33

1.21

0.68

2.39

0.23

0.83

0.17

23 ING Asig. de Via

1.03

1.28

4.50

0.01

0.03

0.40

1.41

0.10

24 DELTA Addendum

100.00

1.11

3.92

1.14

4.11

-1.94

-9.05

0.17

0.61

0.13

0.46

0.33

1.17

0.45

1.64

0.09

25 CITY Insurance

100.00

1.11

3.92

0.99

3.59

12.40

4.26

0.04

0.13

0.04

0.13

0.12

0.44

0.11

0.38

0.09

26 GERROMA*

100.00

0.81

2.85

0.61

2.19

33.36

23.70

0.01

0.05

0.01

0.04

0.06

27 CERTASIG

100.00

0.54

1.90

0.10

0.37

431.22

392.73

0.04

0.14

0.02

0.07

0.08

0.28

0.04

3.22

0.45

1.57

0.01

0.04

0.03

29 IRASIG

100.00

0.22

0.77

0.23

0.82

-3.08

-10.10

0.04

0.13

0.08

0.29

0.02

0.06

0.01

0.02

0.02

30 ASIROM CONCORDIA

100.00

0.08

0.27

0.10

0.37

-24.50

-29.97

0.02

0.06

0.05

0.17

0.01

31 ATE INSURANCE

100.00

0.02

0.06

0.02

16 INTERAMERICAN

20 OTP Garancia Asigurri

28 OMNIASIG Life

TOTAL TOP 10
TOTAL

0.06

0.00

1,163.51 4,100.81

836.55 3,031.14

39.09

29.01

354.94 1,250.98

212.27

769.14

650.27 2,291.88

426.19 1,544.27

88.95

80.22 1,308.02 4,610.11

932.60 3,379.17

40.26

30.09

422.51 1,489.13

256.07

927.83

705.57 2,486.77

458.51 1,661.36

100.00

*non-audited gures.

Pro d u c e r
www.insuranceprole.ro

15

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

MOTOR INSURANCE
OVERALL MOTOR INSURANCE 2006: MOTOR HULL & COMPULSORY MTPL INCLUDED
No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

29.80

AUDITED DATA

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

20.40

NA

NA

56.88

206.11

NA

NA

102.67

372.02

24.45

1 ALLIANZ-IRIAC

68.06

215.49

759.49

166.01

601.53

2 ASIROM

68.54

116.67

411.21

111.04

402.33

5.08

-2.54

1.80

6.34

1.60

5.81

86.61

305.26

74.91

271.42

13.24

3 OMNIASIG

66.37

100.95

355.79

71.08

257.54

42.03

31.74

3.55

12.52

2.21

8.02

65.77

231.81

37.94

137.46

11.45

4 ASIBAN

61.06

78.15

275.44

41.64

150.88

87.68

74.08

0.58

2.03

0.18

0.65

46.00

162.13

20.82

75.45

8.87

5 ASTRA-UNIQA*

70.74

61.07

215.24

35.10

127.20

73.96

61.36

NA

NA

31.59

111.34

21.80

78.97

6.93

6 UNITA

82.67

60.80

214.31

58.18

210.81

4.51

-3.06

14.23

50.16

13.72

49.70

49.25

173.59

34.84

126.24

6.90

7 BCR Asigurri

43.54

52.38

184.60

28.62

103.71

83.00

69.74

0.75

2.64

0.80

2.89

31.61

111.40

15.62

56.61

5.94

8 GENERALI

57.14

48.43

170.70

16.97

61.48

185.44

164.75

21.60

76.14

8.34

30.21

24.97

88.01

9.79

35.46

5.49

9 BT Asigurri

78.29

46.87

165.19

21.20

76.82

121.08

105.06

10.41

36.67

4.42

16.03

26.46

93.26

7.10

25.73

5.32

10 ARDAF

78.31

43.66

153.88

50.28

182.17

- 13.16

- 19.45

0.89

3.15

0.81

2.94

30.79

108.53

28.50

103.26

4.95

11 CARPATICA Asig

75.71

24.43

86.09

12.06

43.71

102.48

87.81

5.31

18.72

2.02

7.32

13.51

47.61

6.72

24.35

2.77

12 ASITRANS

82.95

15.31

53.97

5.02

18.20

204.81

182.72

8.36

29.46

0.38

1.37

6.05

21.31

2.05

7.43

1.74

13 INTERAMERICAN

30.67

4.63

16.30

4.97

18.01

-6.94

- 13.69

1.38

4.85

1.43

5.18

4.22

14.88

4.16

15.08

0.52

14 RAI

37.03

2.59

9.12

1.96

7.09

32.28

22.70

0.06

0.20

0.03

0.11

2.02

7.11

1.51

5.46

0.29

15 OTP Garancia Asigurri

68.49

2.27

8.00

1.92

6.95

18.40

9.82

0.06

0.20

0.03

0.09

1.42

4.99

1.09

3.97

0.26

16 NBG ASIGURRI*

53.89

2.23

7.87

1.54

5.60

44.55

34.08

1.16

4.10

0.77

2.77

1.39

4.91

0.87

3.17

0.25

17 ABC Asigurri

75.95

1.70

5.99

0.81

2.94

109.20

94.04

0.36

1.26

0.23

0.83

0.62

2.18

0.16

0.57

0.19

18 EUROASIG

39.75

1.25

4.39

0.25

0.91

395.64

359.73

0.70

2.46

0.03

0.12

0.63

2.22

0.05

0.19

0.14

19 GARANTA

4.65

1.21

4.25

0.99

3.59

21.67

12.86

0.48

1.70

0.40

1.43

1.16

4.09

0.89

3.21

0.14

20 ASITO KAPITAL

8.64

0.75

2.64

0.59

2.12

27.91

18.64

0.58

2.05

0.46

1.66

0.41

1.43

0.35

1.27

0.08

21 DELTA Addendum

45.11

0.50

1.77

0.49

1.77

3.01

-4.45

0.07

0.23

0.04

0.15

0.26

0.93

0.39

1.43

0.06

22 CERTASIG

18.52

0.10

0.35

0.01

0.05

632.85

579.74

0.00

0.02

0.02

0.06

0.07

0.27

0.01

4.16

0.05

0.16

0.00

0.01 2,149.89 1,986.85

6.00

23 CITY Insurance
24 AGRAS
TOTAL TOP 10
TOTAL

54.06

0.00

0.01

0.00

0.01

0.01

21.74

0.47

1.69

3.28

11.89

824.47 2,905.86

600.12 2,174.46

37.39

27.43

53.81

189.65

88.97

322.36

393.06 1,385.33

353.99 1,282.63

93.53

881.48 3,106.78

636.76 2,307.24

38.43

28.40

72.31

254.87

95.25

345.12

424.76 1,497.06

375.63 1,361.06

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.

ARDAF
4.95 %

OTHER
6.47 %

BT Asigurri
5.32 %

TOP 10
93.53 %

GENERALI
5.49 %

BCR Asigurri
5.94 %

> Weight in market portfolio: 54.06 %

> Nominal change (EUR): 38.43 %
> Real change (RON): 28.40 %
> Concentration degree (rst ten companies): 93.53 %
16

UNITA
6.90 %
ASTRA-UNIQA*
6.93%
ASIBAN
8.87 %

ALLIANZ-IRIAC
24.45 %

2006
TOP 10
MOTOR
INSURANCE
ASIROM
13.24 %
OMNIASIG
11.45 %

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

MOTOR INSURANCE
MOTOR HULL INSURANCE CLASS 2006
No.

Company

Weight in
the own
insurance
portfolio

AUDITED DATA

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

54.72

173.25

610.63

132.48

480.03

30.78

21.30

2 ASIROM

35.12

59.78

210.71

48.79

176.78

22.54

13.66

3 ASIBAN

43.46

55.62

196.02

32.26

116.88

72.43

59.93

4 OMNIASIG

34.77

52.89

186.40

37.82

137.05

39.82

29.69

5 GENERALI

51.22

43.41

153.00

16.73

60.62

159.47

6 BCR Asigurri

35.29

42.45

149.60

23.75

86.07

78.69

7 UNITA

38.64

28.42

100.15

31.23

113.15

8 BT Asigurri

32.90

19.70

69.42

8.66

31.39

9 ASTRA-UNIQA*

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006
EUR m.

PAID CLAIMS

2005

2006

RON m.

EUR m.

RON m.

56.88

206.11

1.01

3.55

0.92

3.33

0.37

1.31

0.18

0.65

2.33

8.22

0.84

3.04

140.66

21.57

76.02

8.33

65.75

0.58

2.06

0.80

-9.00

-15.60

12.26

43.20

127.38

110.90

9.77

34.42

EUR m.

Market
share
2006

2005

RON m.

EUR m.

RON m.

91.69

332.23

32.55

51.76

182.42

40.07

145.18

11.23

33.99

119.80

16.60

60.15

10.45

35.87

126.42

22.73

82.37

9.93

30.17

23.70

83.54

9.79

35.46

8.15

2.89

27.03

95.25

13.56

49.14

7.97

13.14

47.63

27.93

98.45

21.32

77.24

5.34

4.25

15.41

13.45

47.40

4.97

17.99

3.70

21.47

18.53

65.32

9.11

33.01

103.44

88.69

11.13

39.22

7.46

27.03

3.48

10 ARDAF

22.88

12.75

44.95

14.00

50.73

-8.90

-15.50

0.24

0.86

0.08

0.29

14.91

52.55

13.28

48.11

2.40

11 CARPATICA Asig

27.32

8.81

31.06

3.60

13.04

144.81

127.07

1.44

5.06

1.69

6.13

6.58

23.20

3.13

11.36

1.66

12 ASITRANS

21.61

3.99

14.06

0.98

3.55

307.01

277.51

1.78

6.27

0.38

1.37

2.47

8.70

1.04

3.78

0.75

13 INTERAMERICAN

19.41

2.93

10.32

2.98

10.81

-1.84

-8.95

1.38

4.85

1.43

5.18

2.98

10.52

2.66

9.63

0.55

14 RAI

36.80

2.57

9.07

1.94

7.03

32.65

23.04

0.06

0.20

0.03

0.11

2.00

7.04

1.49

5.40

0.48

15 NBG ASIGURRI*

53.89

2.23

7.87

1.54

5.60

44.55

34.08

1.16

4.10

0.77

2.77

1.39

4.91

0.87

3.17

0.42

16 EUROASIG

39.75

1.25

4.39

0.25

0.91

395.64

359.73

0.70

2.46

0.03

0.12

0.63

2.22

0.05

0.19

0.23

17 GARANTA

4.64

1.20

4.25

0.99

3.59

21.62

12.81

0.48

1.69

0.40

1.43

1.16

4.09

0.89

3.21

0.23

18 ASITO KAPITAL

8.64

0.75

2.64

0.59

2.12

27.91

18.64

0.58

2.05

0.46

1.66

0.41

1.43

0.35

1.27

0.14

19 OTP Garancia Asigurri

20.57

0.68

2.40

0.44

1.58

56.52

45.17

0.06

0.20

0.03

0.09

0.47

1.65

0.26

0.93

0.13

20 ABC Asigurri

23.32

0.52

1.84

0.36

1.30

45.10

34.58

0.25

0.90

0.23

0.83

0.26

0.91

0.10

0.35

0.10

21 DELTA Addendum

45.11

0.50

1.77

0.49

1.77

3.01

-4.45

0.07

0.23

0.04

0.15

0.26

0.93

0.39

1.43

0.09

22 CERTASIG

18.52

0.10

0.35

0.01

0.05

632.85

579.74

0.00

0.02

0.02

0.06

0.07

0.27

0.02

0.05

0.00

0.00

0.00

0.01

-72.39

-74.39

0.00

0.01

0.00

0.01

0.00

1.34

4.85

0.43

1.55

0.95

3.43

506.80 1,786.21

354.83 1,285.71

42.83

32.48

48.13

169.65

85.43

309.53

239.77

845.05

241.46

874.92

95.20

532.34 1,876.23

370.37 1,342.00

43.73

33.32

56.08

197.66

91.34

330.97

258.40

910.71

253.76

919.48

100.00

23 CITY Insurance
24 AGRAS**
TOTAL TOP 10
TOTAL

32.65

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.

OTHER
4.80 %

ARDAF
2.40 %
ASTRA - UNIQA*
3.48 %

TOP 10
95.20 %

BT Asigurri
3.70 %
UNITA
5.34 %
BCR Asigurri
7.97 %

> Weight in market portfolio: 32.65 %

> Nominal change (EUR): 43.73 %
> Real change (RON): 33.32 %
> Concentration degree (rst ten companies): 95.20 %
18

2006
TOP 10
MOTOR HULL
INSURANCE
CLASS

ALLIANZ-IRIAC
32.55 %

GENERALI
8.15 %

ASIROM
11.23 %

OMNIASIG
9.93 %

ASIBAN
10.45 %

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

MOTOR INSURANCE
COMPULSORY MOTOR TPL INSURANCE CLASS 2006
No.

Company

Weight in
the own
insurance
portfolio
%

AUDITED DATA

GROSS WRITTEN PREMIUM

2006

Nominal Real
change change
in EUR in RON

2005

EUR m.

RON m.

EUR m.

RON m.

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 ASIROM

33.42

56.89

200.51

62.25

225.55

- 8.61

- 15.23

0.79

2.79

0.68

2.47

34.85

122.84

34.84

126.24

16.29

2 OMNIASIG

31.60

48.06

169.40

33.25

120.49

44.54

34.06

1.22

4.30

1.37

4.98

29.90

105.39

15.20

55.08

13.77

3 ASTRA-UNIQA*

49.27

42.54

149.91

25.99

94.19

63.63

51.78

NA

NA

NA

NA

20.46

72.12

14.34

51.94

12.18

4 ALLIANZ-IRIAC

13.34

42.24

148.86

33.53

121.51

25.95

16.82

NA

NA

NA

NA

NA

NA

10.98

39.79

12.10

5 UNITA

44.04

32.39

114.15

26.95

97.65

20.17

11.47

1.97

6.96

0.57

2.07

21.32

75.14

13.52

49.00

9.28

6 ARDAF

55.43

30.91

108.93

36.28

131.44

- 14.80

- 20.97

0.65

2.29

0.73

2.65

15.88

55.98

15.22

55.15

8.85

7 BT Asigurri

45.39

27.17

95.77

12.54

45.43

116.73

101.03

0.64

2.25

0.17

0.62

13.01

45.86

2.14

7.74

7.78

8 ASIBAN

17.61

22.53

79.42

9.38

34.00

140.11

122.71

0.20

0.72

12.01

42.33

4.22

15.30

6.45

9 CARPATICA Asig

48.39

15.61

55.02

8.46

30.67

84.47

71.10

3.88

13.66

0.33

1.19

6.92

24.41

3.59

12.99

4.47

61.34

11.32

39.91

4.04

14.65

180.04

159.74

6.58

23.19

3.58

12.61

1.01

3.65

3.24

8.26

9.93

35.00

4.87

17.64

104.01

89.23

0.16

0.57

4.58

16.14

2.06

7.47

2.84

0.03

0.11

0.01

0.04

1.27

4.47

1.44

NA

NA

NA

NA

1.24

4.37

1.50

5.45

0.49

10 ASITRANS
11 BCR Asigurri
12 GENERALI

5.92

5.02

17.69

0.24

0.86 2,021.39 1,867.66

13 INTERAMERICAN

11.26

1.70

5.98

1.99

7.20

14 OTP Garancia Asigurri

47.93

1.59

5.60

1.48

5.37

7.20

- 0.57

NA

NA

NA

NA

0.95

3.34

0.84

3.03

0.45

15 ABC Asigurri

52.63

1.18

4.15

0.45

1.64

160.12

141.27

0.10

0.36

0.36

1.27

0.06

0.22

0.34

16 CITY Insurance

4.11

0.05

0.16

0.01

17 RAI

0.23

0.02

0.06

0.02

0.06

- 8.23

- 14.88

0.02

0.07

0.02

0.05

0.00

18 GARANTA

0.00

0.00

0.00

0.00

0.00

875.20

804.53

0.00

0.00

0.00

19 AGRAS**

4.66

16.89

0.04

0.14

2.34

8.46

329.27 1,160.50

252.68

915.58

30.31

20.86

15.94

56.16

3.86

13.98

157.91

556.56

115.06

416.90

94.42

349.14 1,230.54

266.39

965.24

31.06

21.57

16.23

57.22

3.91

14.16

166.36

586.35

121.87

441.58

100.00

TOTAL TOP 10
TOTAL

21.41

- 14.60

- 20.79

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.

> Weight in market portfolio: 21.41 %

> Nominal change (EUR): 31.06 %
> Real change (RON): 21.57 %
> Concentration degree (rst ten companies): 94.42 %
ASITRANS
3.24 %

OTHER
5.58 %

CARPATICA ASIG
4.47 %

TOP 10
94.42 %
ASIROM
16.329%

ASIBAN
6.45 %
BT Asigurri
7.78 %

2006
TOP 10
COMPULSORY
MTPL

OMNIASIG
13.77 %

ARDAF
8.85 %

ASTRA - UNIQA*
12.18 %

UNITA
9.28%

ALLIANZ-IRIAC
12.10 %

www.insuranceprole.ro

NOTE
Currency conversions were calculated for an average exchange rate of
RON/EUR of:
RON 3.5245/ EUR in 2006
RON 3.6234/ EUR in 2005
The following values of macroeconomic indicators in the analyzed period
(December 2005 December 2006) were taken into consideration:
POPULATION: 21,733,556 inhabitants
INFLATION RATE: 3.66% (March 2006 - March 2007)
Sources: National Bank of Romania; National Institute of Statistics
19

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

PROPERTY INSURANCE 2006

PROPERTY INSURANCE 2006: FIRE AND ALLIED PERILS INSURANCE AND DAMAGES TO PROPERTY INSURANCE INCLUDED
AUDITED DATA

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

15.03

47.58

167.68

36.93

133.82

28.82

19.48

NA

NA

18.04

65.38

NA

NA

10.18

36.87

23.94

2 OMNIASIG

15.43

23.47

82.71

16.91

61.28

38.74

28.69

12.95

45.63

5.95

21.55

3.64

12.82

3.14

11.38

11.81

3 ASIROM

11.96

20.36

71.74

16.70

60.52

21.87

13.04

6.22

21.93

5.70

20.64

3.67

12.92

4.30

15.57

10.24

4 AIG Romnia

80.95

18.03

63.56

18.11

65.62

-0.41

-7.63

17.85

62.93

17.84

64.64

1.12

3.94

0.72

2.62

9.07

5 GENERALI

18.32

15.52

54.71

10.54

38.17

47.35

36.67

11.19

39.45

8.27

29.97

1.53

5.39

6.41

23.22

7.81

6 BCR Asigurri

11.26

13.54

47.73

9.89

35.84

36.91

26.99

10.06

35.45

5.83

21.14

0.94

3.31

0.97

3.53

6.81

7 ASIBAN

8.98

11.49

40.51

7.10

25.71

62.00

50.26

6.77

23.86

3.65

13.21

1.20

4.23

0.82

2.97

5.78

8 UNITA

14.87

10.94

38.55

5.93

21.50

84.31

70.95

8.16

28.77

4.89

17.71

0.66

2.34

0.33

1.18

5.50

9 AGRAS

100.00

6.13

21.62

3.94

14.26

55.89

44.59

0.38

1.33

0.51

1.84

2.56

9.01

1.84

6.65

3.09

66.95

5.81

20.46

5.05

18.32

14.87

6.54

5.63

19.84

4.94

17.89

2.51

8.86

0.18

0.64

2.92

11 BT Asigurri

8.17

4.89

17.23

3.06

11.10

59.52

47.96

0.78

2.73

0.62

2.25

0.84

2.97

0.36

1.32

2.46

12 ASTRA-UNIQA*

5.45

4.70

16.57

2.81

10.17

67.50

55.36

NA

NA

0.89

3.15

1.05

3.79

2.37

10 ASITO KAPITAL

13 ARDAF
14 CARPATICA Asig
15 GARANTA
16 NBG ASIGURRI*
17 INTERAMERICAN
18 OTP Garancia Asigurri
19 ASITRANS

8.40

4.69

16.51

5.39

19.51

-12.99

-19.29

1.34

4.73

0.59

2.15

0.58

2.03

0.74

2.68

2.36

12.09

3.90

13.74

0.78

2.82

401.01

364.71

0.57

2.01

0.25

0.90

0.36

1.28

0.05

0.18

1.96

9.64

2.50

8.81

1.73

6.28

44.30

33.84

2.12

7.47

1.41

5.09

0.21

0.75

0.12

0.43

1.26

33.58

1.39

4.90

1.70

6.14

-17.92

-23.87

1.08

3.79

1.43

5.17

0.20

0.69

0.22

0.80

0.70

8.51

1.28

4.52

0.94

3.41

36.17

26.30

0.89

3.15

0.70

2.53

0.21

0.75

0.24

0.87

0.65

15.64

0.52

1.83

0.27

0.97

94.50

80.41

0.04

0.16

0.03

0.10

0.01

0.03

0.01

0.03

0.26

2.74

0.51

1.78

0.20

0.71

158.06

139.36

0.33

1.16

0.15

0.53

0.01

0.05

0.02

0.08

0.25

20 DELTA Addendum

42.61

0.47

1.67

0.44

1.61

6.87

-0.88

0.11

0.37

0.05

0.19

0.01

0.03

0.02

0.07

0.24

21 ABC Asigurri

14.24

0.32

1.12

0.12

0.44

163.33

144.24

0.20

0.70

0.09

0.31

0.04

0.16

0.07

0.26

0.16

22 EUROASIG

8.78

0.28

0.97

0.04

0.16

530.70

485.00

0.03

0.09

0.01

0.02

0.01

0.03

0.00

0.00

0.14

23 RAI

3.71

0.26

0.92

0.16

0.59

58.45

46.97

0.19

0.66

0.13

0.48

0.02

0.09

0.01

0.04

0.13

24 IRASIG

67.76

0.15

0.52

0.19

0.68

-20.74

-26.48

0.03

0.10

0.07

0.26

0.02

0.06

0.01

0.02

0.07

25 CERTASIG

2.24

0.01

0.04

0.04

0.16

-72.54

-74.53

NA

NA

0.03

0.10

NA

NA

0.00

0.00

0.01

26 CITY Insurance

0.26

TOTAL TOP 10
TOTAL

12.19

0.00

0.01

0.01

0.04

-73.56

-75.48

0.00

0.01

0.01

0.04

NA

NA

0.00

0.01

0.00

172.87

609.29

131.11

475.05

31.86

22.30

79.21

279.18

75.61

273.96

17.83

62.83

28.88

104.65

86.99

198.74

700.45

149.00

539.89

33.38

23.72

86.91

306.31

81.17

294.10

21.24

74.87

31.81

115.25

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
ASITO KAPITAL
2.92 %

OTHER
13.01 %
TOP 10
86.99 %

AGRAS
3.09 %
UNITA
5.50 %

> Weight in market portfolio: 12.19 %

> Nominal change (EUR): 33,38%
> Real change (RON): 23.72 %
> Concentration degree (rst ten companies): 86.99 %
20

ASIBAN
5.78 %
BCR Asigurri
6.81 %
GENERALI
7.81 %

ALLIANZ-IRIAC
23.94 %

3Q 2006
TOP 10
PROPERTY
INSURANCE

OMNIASIG
11.81 %
ASIROM
10.24 %
AIG Romnia
9.07 %

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

PROPERTY INSURANCE 2006

FIRE AND ALLIED PERILS INSURANCE 2006
AUDITED DATA

No.

Weight in
the own
insurance
portfolio

Company

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

11.77

37.26

131.34

34.55

125.20

7.84

0.03

NA

NA

16.59

60.13

NA

NA

9.63

34.89

24.52

2 OMNIASIG

14.72

22.38

78.89

15.82

57.33

41.47

31.22

11.51

40.55

5.88

21.31

3.17

11.17

2.78

10.09

14.73

3 ASIROM

9.22

15.69

55.30

12.76

46.22

23.00

14.09

5.92

20.85

5.42

19.63

2.46

8.67

2.88

10.44

10.32

4 UNITA

14.87

10.94

38.55

5.93

21.50

84.31

70.95

8.16

28.77

4.89

17.71

0.66

2.34

0.33

1.18

7.20

8.99

10.81

38.10

8.50

30.78

27.23

18.01

8.17

28.80

5.04

18.25

0.87

3.08

0.94

3.41

7.11

5 BCR Asigurri
6 ASIBAN

8.26

10.58

37.27

6.70

24.28

57.82

46.38

6.35

22.37

3.48

12.60

1.03

3.61

0.67

2.42

6.96

7 GENERALI

11.61

9.84

34.67

7.84

28.42

25.41

16.33

6.80

23.98

6.02

21.82

0.82

2.90

6.00

21.74

6.47

8 ASITO KAPITAL

66.95

5.81

20.46

5.05

18.32

14.87

6.54

5.63

19.84

4.94

17.89

2.51

8.86

0.18

0.64

3.82

9 AIG Romnia

24.98

5.57

19.62

16.12

58.42

-65.48

-67.98

5.39

19.00

15.89

57.59

1.11

3.91

0.68

2.46

3.66

10 BT Asigurri

8.07

4.83

17.03

3.00

10.88

60.88

49.22

0.78

2.73

0.62

2.25

0.84

2.97

0.36

1.32

3.18

11 CARPATICA Asig.

12.02

3.88

13.67

0.77

2.81

400.67

364.38

0.57

1.99

0.25

0.90

0.36

1.28

0.05

0.17

2.55

12 ARDAF

6.77

3.78

13.31

4.71

17.06

-19.79

-25.60

0.95

3.33

0.25

0.92

0.35

1.25

0.61

2.21

2.48

13 ASTRA-UNIQA*

4.22

3.64

12.83

2.46

8.92

47.91

37.19

0.74

2.61

1.00

3.62

2.40

14 GARANTA

9.46

2.45

8.65

1.68

6.08

46.34

35.74

2.09

7.37

1.37

4.96

0.21

0.73

0.12

0.43

1.61

15 INTERAMERICAN

8.51

1.28

4.52

0.94

3.41

36.17

26.30

0.89

3.15

0.70

2.53

0.21

0.75

0.24

0.87

0.84

16 NBG ASIGURRI*

22.26

0.92

3.25

1.17

4.23

-20.92

-26.65

0.71

2.52

0.97

3.50

0.05

0.17

0.09

0.31

0.61

17 OTP Garancia Asigurri

15.64

0.52

1.83

0.27

0.97

94.50

80.41

0.04

0.16

0.03

0.10

0.01

0.03

0.01

0.03

0.34

2.26

0.42

1.47

0.15

0.55

171.92

152.22

0.27

0.93

0.12

0.42

0.01

0.05

0.02

0.08

0.27

19 DELTA Addendum

35.45

0.39

1.39

0.44

1.61

-11.09

-17.54

0.11

0.37

0.05

0.19

0.00

0.01

0.02

0.07

0.26

20 ABC Asigurri

14.24

0.32

1.12

0.12

0.44

163.33

144.24

0.20

0.70

0.09

0.31

0.04

0.16

0.07

0.26

0.21

8.62

0.27

0.95

0.04

0.16

519.20

474.33

0.03

0.09

0.01

0.02

0.01

0.03

0.00

0.00

0.18

18 ASITRANS

21 EUROASIG
22 RAI

3.71

0.26

0.91

0.16

0.59

58.53

47.04

0.19

0.66

0.13

0.48

0.02

0.09

0.01

0.04

0.17

67.55

0.15

0.52

0.19

0.68

-20.99

-26.72

0.03

0.10

0.07

0.26

0.02

0.06

0.01

0.02

0.10

24 CERTASIG

2.24

0.01

0.04

0.04

0.16

-72.54

-74.53

0.03

0.10

0.00

0.00

0.01

25 CITY Insurance

0.08

0.00

0.00

0.01

0.03

-87.68

-88.57

0.00

0.00

0.01

0.04

0.00

0.01

0.00

23 IRASIG

26 AGRAS**

TOTAL TOP 10
9.32

TOTAL

0.41

1.48

0.12

0.43

0.15

0.55

133.70

471.23

116.29

421.36

277.34

184.78

58.70

206.90

68.77

249.18

13.48

47.52

24.45

88.61

87.96

151.99

535.70

129.86

470.54

17.03

8.56

64.77

228.28

72.95

264.33

15.53

54.72

26.85

97.28

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
OTHER
12.04%
TOP 10
87.96 %
ALLIANZ-IRIAC
24.52 %

BT Asigurri
3.18 %
AIG Romnia
3.66 %
ASITO KAPITAL
3.82 %
GENERALI
6.47 %

2006
TOP 10
FIRE AND ALLIED
PERILS INS.

ASIBAN
6.96 %

BCR Asigurri
7.11 %

www.insuranceprole.ro

> Weight in market portfolio: 9.32%

> Nominal change (EUR): 17.03 %
> Real change (RON): 8.56 %
> Concentration degree (rst ten companies): 87.96%

OMNIASIG
14.73 %
ASIROM
10.32 %
UNITA
7.20 %

21

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

PROPERTY INSURANCE 2006

DAMAGES TO PROPERTY INSURANCE, AGRICULTURAL INSURANCE INCLUDED 2006
AUDITED DATA

No.

Company

Weight in
the own
insurance
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

55.97

12.47

43.95

1.99

7.19

527.95

3.26

10.31

36.34

2.38

8.62

333.55

3 AGRAS**

100.00

6.13

21.62

3.53

12.78

4 GENERALI

6.71

5.69

20.04

2.69

5 ASIROM

2.74

4.67

16.44

3.95

6 BCR Asigurri

2.27

2.73

9.64

1.40

7 OMNIASIG

0.71

1.08

3.82

1.09

8 ASTRA-UNIQA*

1.23

1.06

3.74

9 ASIBAN

0.72

0.92

3.24

1 AIG Romnia
2 ALLIANZ-IRIAC

10 ARDAF

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

482.44

12.46

43.93

1.94

7.05

0.01

0.03

0.04

0.16

26.67

302.13

NA

NA

1.45

5.25

NA

NA

0.55

1.98

22.06

73.91

61.31

0.38

1.33

0.39

1.42

2.56

9.01

1.68

6.10

13.12

9.75

111.26

95.95

4.39

15.47

2.25

8.15

0.70

2.48

0.41

1.49

12.17

14.30

18.24

9.67

0.30

1.07

0.28

1.01

1.21

4.25

1.42

5.13

9.98

5.06

95.78

81.60

1.89

6.65

0.80

2.89

0.07

0.24

0.03

0.12

5.85

3.95

-0.72

-7.92

1.44

5.07

0.07

0.24

0.47

1.65

0.36

1.29

2.32

0.35

1.25

207.23

184.97

NA

NA

0.15

0.53

0.05

0.17

2.27

0.39

1.43

132.92

116.04

0.42

1.49

0.17

0.61

0.18

0.62

0.15

0.55

1.97

1.63

0.91

3.20

0.68

2.45

34.31

24.57

0.40

1.40

0.34

1.23

0.22

0.78

0.13

0.47

1.94

11.31

0.47

1.65

0.53

1.92

-11.30

-17.73

0.36

1.27

0.46

1.67

0.15

0.52

0.14

0.49

1.00

12 ASITRANS

0.48

0.09

0.31

0.04

0.15

108.16

93.08

0.06

0.22

0.03

0.11

0.00

0.00

0.00

0.00

0.19

13 DELTA Addendum

7.16

0.08

0.28

0.00

0.02

0.17

14 BT Asigurri

0.09

0.06

0.20

0.06

0.22

-7.96

-14.63

NA

NA

0.12

15 GARANTA

0.18

0.05

0.16

0.06

0.20

-17.02

-23.04

0.03

0.10

0.04

0.13

0.01

0.02

0.00

0.01

0.10

16 CARPATICA Asig

0.07

0.02

0.07

0.00

0.01

474.56

432.92

0.01

0.02

0.00

0.01

0.00

0.01

0.05

17 EUROASIG

0.16

0.01

0.02

0.00

0.00

0.01

18 CITY Insurance

0.18

0.00

0.01

0.00

0.01

-48.05

-51.81

0.00

0.01

0.00

0.00

0.00

19 IRASIG

0.22

0.00

0.00

0.00

20 RAI

0.00

0.00

0.00

0.00

0.00

10.11

2.13

0.00

0.00

0.00

45.98

162.04

18.43

66.80

149.40

131.33

21.68

76.41

7.68

27.84

5.56

19.60

4.82

17.46

98.36

46.74

164.75

19.14

69.35

144.24

126.54

22.14

78.03

8.21

29.76

5.72

20.15

4.96

17.98

100.00

11 NBG ASIGURRI*

TOTAL TOP 10
TOTAL

2.87

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
ASIBAN
1.97 %

ARDAF
1.94 %

ASTRA - UNIQA*
2.27%

OTHER
1.64 %
TOP 10
98.36 %

OMNIASIG
2.32 %
BCR Asigurri
5.85 %
ASIROM
9.98 %

> Weight in market portfolio: 2.87 %

> Nominal change (EUR): 144.24 %
> Real change (RON): 126.54 %
> Concentration degree (rst ten companies): 98.36 %

AIG Romnia
26.67 %

2006
TOP 10
DAMAGES TO
PROPERTY
INSURANCE

GENERALI
12.17 %

ALLIANZ-IRIAC
22.06 %
AGRAS**
13.12 %

www.insuranceprole.ro
22

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

CREDIT & WARRANTIES INSURANCE 2006

AUDITED DATA

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

42.35

50.94

179.53

20.30

73.55

150.95

132.76

47.68

168.06

17.56

63.63

38.67

136.29

14.01

50.76

44.49

2 GARANTA

63.62

16.51

58.18

5.55

20.12

197.31

175.77

15.36

54.15

4.69

16.99

12.90

45.46

5.02

18.17

14.42

3 ASIBAN

12.20

15.62

55.04

18.18

65.87

-14.09

-20.32

17.04

60.06

10.70

38.76

19.86

70.00

14.39

52.13

13.64

4 OMNIASIG

7.96

12.10

42.66

16.98

61.53

-28.73

-33.89

1.60

5.63

3.37

12.23

8.90

31.35

5.06

18.32

10.57

5 ALLIANZ-IRIAC

1.96

6.20

21.84

7.05

25.56

-12.15

-18.51

NA

NA

1.70

6.17

NA

NA

1.70

6.14

5.41

6 GENERALI

6.88

5.83

20.55

0.40

1.45 1,359.42 1,253.66

5.06

17.83

0.07

0.26

0.48

1.70

0.12

0.45

5.09

7 BT Asigurri

5.57

3.34

11.76

2.08

7.52

60.72

49.07

- 0.00

- 0.00

0.87

3.07

0.41

1.49

2.91

8 ASTRA-UNIQA*

2.89

2.49

8.78

0.75

2.73

230.12

206.20

NA

NA

0.12

0.41

0.04

0.15

2.18

9 ASIROM

0.23

0.39

1.36

0.46

1.68

-16.92

-22.94

0.12

0.43

0.51

1.84

0.16

0.55

0.47

1.72

0.34

10 CARPATICA Asig

1.16

0.37

1.31

0.14

0.52

158.15

139.44

0.17

0.59

0.06

0.20

0.33

11 UNITA

0.48

0.36

1.25

0.36

1.30

-1.13

-8.30

0.02

0.06

0.31

12 NBG ASIGURRI*

3.50

0.14

0.51

0.23

0.82

-36.08

-40.71

0.28

0.98

0.20

0.73

0.13

13 ARDAF

0.23

0.13

0.46

0.39

1.40

-66.15

-68.60

0.00

0.01

0.07

0.25

0.11

14 ASITRANS

0.26

0.05

0.17

0.00

0.00

0.04

15 RAI

0.28

0.02

0.07

0.00

0.01

648.23

594.01

0.00

0.02

0.02

16 DELTA Addendum

0.54

0.01

0.02

0.08

0.31

-92.93

-93.44

0.05

0.19

0.03

0.11

0.01

17 EUROASIG

0.14

0.00

0.02

0.00

0.00

602.78

551.85

0.00

18 IRASIG

0.23

0.00

0.00

0.00

0.00

-54.20

-57.52

0.00

TOTAL TOP 10
7.02

TOTAL

PREMIUMS CEDED IN REINSURANCE

1 BCR Asigurri

19 AGRAS**

Source: the insurance companies statements

-100.00 - 100.00

0.00

0.01

113.78

401.02

71.90

260.54

58.24

46.77

86.87

306.16

38.60

139.87

82.12

289.42

41.27

149.54

99.38

114.49

403.53

73.06

264.71

56.72

45.36

86.87

306.16

38.62

139.93

82.46

290.62

41.57

150.64

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
CARPATICA Asig
0.33 %
ASIROM
0.34%
ASTRA - UNIQA*
2.18%
BT Asigurri
2.91%
GENERALI
5.09%

OTHER
0.62%
TOP 10
99.38%

BCR Asigurri
44.49%

> Weight in market portfolio: 7.02%

> Nominal change (EUR): 56.72%
> Real change (RON): 45.36%
> Concentration degree (rst ten companies): 99.38%

ALLIANZ-IRIAC
5.41%

2006
TOP 10
CREDIT&
WARRANTIES
INSURANCE

OMNIASIG
10.57%

GARANTA
14.42%

ASIBAN
13.64%

www.insuranceprole.ro
www.insuranceprole.ro

23

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

ACCIDENTS AND ILLNESS INSURANCE 2006

AUDITED DATA

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

1 ASTRA-UNIQA*

8.44

7.29

25.68

1.50

5.44

2 CARPATICA Asig

10.09

3.25

11.47

2.02

3 GARANTA

11.92

3.09

10.90

1.45

4 ALLIANZ-IRIAC

0.93

2.95

10.40

3.75

5 OMNIASIG

1.92

2.93

10.31

1.10

6 ASIROM

1.11

1.90

6.68

7 ASITO KAPITAL

18.68

1.62

8 AIG Romnia

5.21

1.16

9 GENERALI

0.99

10 GERROMA*

98.95

11 ASIBAN
12 EUROASIG

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

2006

Market
share
2006

2005

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

385.32

350.15

NA

NA

0.86

3.03

0.44

1.61

24.85

7.30

61.49

49.79

0.01

0.03

0.35

1.25

0.26

0.93

11.10

5.26

112.96

97.53

0.01

0.05

0.01

0.04

0.04

0.14

0.02

0.06

10.54

13.57

-21.21

- 26.92

NA

NA

0.03

0.11

NA

NA

0.16

0.60

10.06

3.99

165.87

146.61

0.10

0.35

0.04

0.13

0.13

0.47

0.08

0.30

9.97

2.09

7.56

-9.07

- 15.66

0.00

0.01

0.21

0.76

0.21

0.74

6.47

5.71

0.28

1.00

484.95

442.56

0.05

0.18

0.04

0.13

0.74

2.62

0.01

0.04

5.53

4.09

1.07

3.87

8.70

0.82

0.18

0.64

0.32

1.15

0.18

0.65

0.19

0.69

3.96

0.84

2.97

0.70

2.52

20.95

12.19

0.27

0.95

0.15

0.55

0.20

0.69

0.15

0.54

2.87

0.80

2.82

0.60

2.17

33.21

23.56

0.01

0.05

0.01

0.04

2.72

0.45

0.58

2.04

0.29

1.04

100.80

86.25

0.02

0.07

0.12

0.43

0.03

0.10

1.97

17.39

0.54

1.92

0.10

0.36

441.65

402.40

0.05

0.18

0.01

0.02

1.86

13 BCR Asigurri

0.36

0.44

1.54

0.17

0.61

160.86

141.95

0.02

0.06

0.03

0.11

1.49

14 INTERAMERICAN

2.84

0.43

1.51

0.28

1.03

51.12

40.17

0.05

0.19

0.00

0.01

0.06

0.23

0.06

0.22

1.46

15 ARDAF

0.71

0.40

1.40

0.44

1.60

-9.96

- 16.48

0.11

0.39

0.11

0.41

1.36

16 UNITA

0.45

0.33

1.17

0.30

1.07

12.43

4.28

0.06

0.22

0.08

0.30

1.13

17 NBG ASIGURRI*

4.95

0.21

0.72

0.35

1.26

-41.05

- 45.33

0.00

0.01

0.04

0.14

0.03

0.11

0.70

18 ASITRANS

0.89

0.16

0.58

0.12

0.44

36.38

26.50

0.00

0.00

0.01

0.03

0.56

19 BT Asigurri

0.15

0.09

0.32

0.09

0.31

5.01

- 2.60

0.01

0.04

0.00

0.01

0.31

100.00

0.08

0.27

0.10

0.37

-24.50

- 29.97

0.02

0.06

0.05

0.17

0.26

21 ING Asig. de Via

0.05

0.06

0.22

0.01

0.03

0.01

0.02

0.00

0.01

0.21

22 ABC Asigurri

2.12

0.05

0.17

0.03

0.09

87.62

74.02

0.03

0.10

0.01

0.05

0.16

23 RAI

0.62

0.04

0.15

0.04

0.15

6.20

- 1.49

0.00

0.02

0.00

0.02

0.01

0.02

0.00

0.01

0.15

16.24

20 ASIROM CONCORDIA

24 OTP Garancia Asigurri

1.24

0.04

0.15

0.04

0.13

7.82

0.00

0.00

0.00

0.01

0.14

13.85

0.03

0.11

0.00

0.00 3,734.06 3,456.22

0.00

0.00

0.00

0.00

0.10

26 DELTA Addendum

1.04

0.01

0.04

0.06

0.22

-80.42

- 81.84

0.00

0.00

0.01

0.03

0.04

27 CITY Insurance

0.10

0.00

0.00

0.01

0.02

-80.56

- 81.97

0.00

28 CERTASIG

0.10

0.00

0.00

0.01

0.02

-89.34

- 90.11

0.00

25 IRASIG

29 AGRAS

TOTAL TOP 10
TOTAL

1.80

0.03

0.12

0.01

0.03

0.01

0.03

25.83

91.03

14.54

52.69

77.62

64.74

0.63

2.21

0.58

2.12

2.74

9.64

1.53

5.56

88.08

29.32

103.35

16.98

61.54

72.66

60.15

0.72

2.55

0.64

2.33

3.25

11.46

1.96

7.09

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
GERROMA*
2.72%

OTHER
11.92%

GENERALI
2.87%

TOP 10
88.08%
ASTRA - UNIQA*
24.85%

AIG Romnia
3.96%
ASITO KAPITAL
5.53%

> Weight in market portfolio: 1.80%

> Nominal change (EUR): 72.66%
> Real change (RON): 60.15%
> Concentration degree (rst ten companies): 88.08%
24

ASIROM
6.47%

OMNIASIG
9.97%

2006
ACCIDENTS AND
ILLNESS
INSURANCE

CARPATICA Asig
11.10%

GARANTA
10.54%
ALLIANZ - IRIAC
10.06%

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

ASSISTANCE OF THE PERSONS IN DIFFICULTY INSURANCE 2006

(TRAVEL INSURANCE INCLUDED)
No.

Company

Weight in
the own
insurance
portfolio
%

1 RAI
2 OMNIASIG
3 CITY Insurance

AUDITED DATA
GROSS WRITTEN PREMIUM
2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

55.64

3.89

13.71

3.11

1.13

1.72

6.05

1.16

Source: the insurance companies statements

PREMIUMS CEDDED IN REINSURANCE

2006
EUR m.

PAID CLAIMS

2005

RON m.

11.26

25.14

16.07

4.20

48.25

37.51

0.54

1.92

EUR m.

2006

Market
share
2006

2005

RON m.

EUR m.

RON m.

EUR m.

RON m.

0.28

1.00

0.30

1.09

39.16

0.06

0.21

0.31

1.08

0.13

0.47

17.29

95.46

1.06

3.74

0.88

3.20

20.33

11.61

0.03

0.12

0.02

0.09

0.12

0.43

0.10

0.37

10.69

4 ASITRANS

4.60

0.85

2.99

0.50

1.80

71.10

58.70

0.00

0.00

0.08

0.29

0.08

0.28

8.54

5 EUROASIG

25.39

0.80

2.80

0.01

0.05 5,798.40 5,370.97

0.35

0.42

1.47

0.21

0.78

95.05

80.92

7 CERTASIG

72.66

0.39

1.38

0.03

0.12 1,073.40

988.37

8 ASIBAN

0.26

0.33

1.16

0.21

0.75

47.35

0.13

0.46

9 OTP Garancia Asigurri

6 BCR Asigurri

58.86

0.01

0.03

0.00

0.00

8.01

0.02

0.06

0.00

0.02

0.06

0.20

0.03

0.10

4.20

0.00

0.01

0.00

0.01

3.94

0.06

0.21

0.07

0.24

0.02

0.06

3.33

7.63

0.25

0.89

0.25

0.89

3.11

- 4.36

0.01

0.04

0.02

0.07

2.55

10 ABC Asigurri

5.68

0.13

0.45

0.02

0.09

425.09

387.04

0.01

0.02

0.00

0.01

0.02

0.05

0.00

0.00

1.28

11 DELTA Addendum

5.78

0.06

0.23

0.01

0.05

0.00

0.02

0.65

12 GENERALI

0.02

0.02

0.06

0.00

0.00

0.17

13 AIG Romnia

0.04

0.01

0.03

0.08

0.29

- 89.56

- 90.32

0.00

0.01

0.02

0.06

0.08

14 GERROMA*

0.91

0.01

0.03

0.01

0.02

32.86

23.23

0.07

15 ASITO KAPITAL

0.05

0.00

0.02

0.00

0.00

0.05

9.83

34.65

6.38

23.13

54.03

42.87

0.73

2.57

0.15

0.53

0.96

3.38

0.68

2.47

98.98

9.93

35.01

6.60

23.91

50.53

39.63

0.73

2.58

0.22

0.81

0.96

3.40

0.70

2.53

100.00

TOTAL TOP 10
0.61

TOTAL
*non-audited data.
ABC Asigurri
1.28%
OTP Garancia Asigurri
2.55%
ASIBAN
3.33%
CERTASIG
3.94%
BCR Asigurri
4.20%
EUROASIG
8.01%

OTHER
1.02
TOP 10
98.98
RAI Asigurri
39.16%

> Weight in market portfolio: 0.61%

> Nominal change (EUR): 50.53%
> Real change (RON): 39.63%
> Concentration degree (rst ten companies): 98.98%

2006
TRAVEL
INSURANCE

ASITRANS
8.54%

OMNIASIG
17.29%

CITY Insurance
10.69%

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www.insuranceprole.ro

25

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

LIABILITY INSURANCE 2006

AUDITED DATA

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

PREMIUMS CEDED IN REINSURANCE

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

Source: the insurance companies statements

2006
EUR m.

PAID CLAIMS

2005

RON m.

EUR m.

2006

RON m.

EUR m.

Market
share
2006

2005

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

2.50

7.90

27.85

3.32

12.04

137.75

120.52

NA

NA

1.02

3.68

NA

NA

0.03

0.11

29.89

2 OMNIASIG

1.95

2.96

10.44

2.31

8.36

28.37

19.07

1.22

4.30

3.21

11.62

0.07

0.25

0.05

0.17

11.20

3 ASIROM

1.63

2.78

9.80

1.99

7.22

39.57

29.46

1.41

4.97

1.26

4.57

0.09

0.31

0.15

0.55

10.52

4 AIG Romnia

10.11

2.25

7.94

2.27

8.23

- 0.83

-8.02

1.93

6.80

1.74

6.31

0.02

0.05

0.02

0.06

8.52

5 ASIBAN

1.53

1.96

6.91

2.03

7.34

- 3.16

-10.18

1.15

4.04

1.58

5.74

0.10

0.36

0.07

0.27

7.42

6 ASTRA*

2.08

1.79

6.32

0.80

2.91

123.50

107.30

NA

NA

0.00

0.02

0.58

2.09

6.79

7 GENERALI

1.79

1.51

5.33

0.95

3.45

59.10

47.57

0.67

2.37

0.43

1.56

0.11

0.38

0.02

0.06

5.72

8 ASITRANS

8.12

1.50

5.28

1.36

4.91

10.61

2.60

0.12

0.44

0.60

2.19

0.04

0.13

0.02

0.08

5.67

9 BCR Asigurri

0.85

1.02

3.59

0.75

2.72

35.43

25.62

0.71

2.50

0.53

1.90

0.01

0.05

0.01

0.02

3.85

10 BT Asigurri

0.93

0.56

1.97

0.16

0.57

254.72

229.02

0.07

0.24

0.01

0.03

0.04

0.16

0.00

0.02

2.11

11 ARDAF

0.80

0.45

1.58

0.69

2.50

- 35.06

-39.77

0.11

0.38

0.34

1.22

0.13

0.47

0.04

0.14

1.69

12 UNITA

0.52

0.38

1.35

0.40

1.45

- 4.45

-11.38

0.17

0.59

0.27

0.97

0.01

0.05

0.04

0.15

1.45

13 CARPATICA Asig

0.88

0.28

1.00

0.27

0.98

4.52

-3.06

0.01

0.02

0.00

0.01

0.00

0.01

0.01

0.05

1.07

14 INTERAMERICAN

1.46

0.22

0.77

0.08

0.29

169.84

150.28

0.18

0.65

0.05

0.20

0.00

0.00

0.00

0.00

0.83

15 OTP Garancia Asigurri

5.41

0.18

0.63

0.16

0.56

15.41

7.05

0.01

0.02

0.01

0.04

0.68

16 EUROASIG

5.69

0.18

0.63

0.02

0.06 1,013.13

932.47

0.67

17 GARANTA

0.61

0.16

0.56

0.10

0.36

59.03

47.50

0.12

0.43

0.06

0.23

0.00

0.00

0.60

18 ASITO KAPITAL

1.41

0.12

0.43

0.42

1.54

- 71.13

-73.22

0.09

0.33

0.38

1.39

0.46

19 ABC Asigurri

1.83

0.04

0.14

0.01

0.02

639.33

585.75

0.00

0.01

0.00

0.01

0.00

0.00

0.15

20 NBG ASIGURRI*

0.97

0.04

0.14

0.05

0.18

- 20.29

-26.07

0.03

0.11

0.05

0.17

0.15

21 DELTA Addendum

3.19

0.04

0.13

0.02

0.09

46.42

35.81

0.00

0.00

0.00

0.01

0.13

15.99

0.03

0.12

0.03

0.12

8.26

0.42

0.01

0.03

0.01

0.03

0.13

23 CERTASIG

6.21

0.03

0.12

0.00

0.01 1,084.54

998.71

0.13

24 RAI

0.37

0.03

0.09

0.05

0.19

- 52.29

-55.75

0.00

0.01

0.00

0.02

0.01

0.03

0.00

0.00

0.10

100.00

0.02

0.06

0.02

0.06

0.02

0.06

0.01

0.05

0.00

0.01

24.24

85.43

15.94

57.74

52.10

41.08

7.28

25.66

10.38

37.60

0.49

1.72

0.94

3.41

91.69

26.44

93.18

18.38

66.60

43.83

33.41

8.03

28.29

11.56

41.88

0.65

2.30

1.07

3.89

100.00

22 IRASIG

25 ATE INSURANCE
26 AGRAS**
TOTAL TOP 10
TOTAL

1.62

0.06
-

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.
OTHER
8.31%

BT Asigurri
2.11%

TOP 10
91.69%
BCR Asigurri
3.85%

ALLIANZ-IRIAC
29.89%

ASITRANS
5.67%
GENERALI
5.72%

ASTRA - UNIQA*
6.79%

> Weight in market portfolio: 1.62%

> Nominal change (EUR): 43.83 %
> Real change (RON): 33.41 %
> Concentration degree (rst ten companies): 91.69%
26

ASIBAN
7.42%
AIG Romnia
8.52%

2006
TOP 10
LIABILITY
INSURANCE
OMNIASIG
11.20%
ASIROM
10.52%

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

GENERAL INSURANCE

HEALTH INSURANCE 2006

AUDITED DATA

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

2006

Nominal Real
change in change in
EUR
RON

2005

EUR m.

RON m.

EUR m.

RON m.

Source: the insurance companies statements

PREMIUMS CEDED IN REINSURANCE

2006

PAID CLAIMS

2005

EUR m.

RON m.

EUR m.

2006

RON m.

EUR m.

Market
share
2006

2005

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

0.84

2.67

9.42

NA

NA

NA

NA

27.20

2 ING Asig. de Via

0.98

1.22

4.28

0.01

0.04

0.40

1.40

12.37

3 ASTRA*

1.23

1.06

3.73

1.18

4.26

- 9.90

- 16.42

NA

NA

0.54

1.90

0.36

1.32

10.78

4 BT Asigurri

1.74

1.04

3.68

0.27

0.96

293.65

265.13

0.08

0.30

0.02

0.09

0.17

0.60

0.02

0.06

10.62

5 ARDAF

1.78

0.99

3.49

1.08

3.90

- 8.03

- 14.69

0.32

1.12

0.31

1.11

10.07

6 ASIROM

0.57

0.97

3.43

1.03

3.73

- 5.46

- 12.31

0.26

0.90

0.28

1.00

0.18

0.63

0.18

0.66

9.90

7 INTERAMERICAN

4.89

0.74

2.60

0.30

1.08

148.02

130.05

0.11

0.38

0.01

0.02

7.50

8 UNITA

0.79

0.58

2.04

0.50

1.80

16.70

8.25

0.02

0.08

0.16

0.55

0.10

0.36

5.90

3.22

0.45

1.57

0.01

0.04

4.54

10 GARANTA

9 OMNIASIG Life

0.22

0.06

0.20

0.03

0.12

64.50

52.58

0.01

0.04

0.01

0.02

0.01

0.02

0.03

0.10

0.57

11 RAI

0.66

0.05

0.16

0.15

0.53

- 68.76

- 71.02

0.00

0.00

0.00

0.01

0.47

12 ASIBAN

0.00

0.00

0.01

0.01

0.05

- 68.33

- 70.63

0.04

13 ASITRANS

0.01

0.00

0.01

0.00

0.01

- 7.83

- 14.51

0.00

0.00

0.02

14 AGRAS**

TOTAL TOP 10
TOTAL

0.60

0.10

0.35

-100.00

-100.00

0.00

0.01

9.78

34.46

4.38

15.85

123.44

107.24

0.35

1.24

0.34

1.23

1.88

6.64

1.00

3.64

99.46

9.83

34.64

5.24

18.98

87.62

74.02

0.35

1.24

0.34

1.23

1.89

6.65

1.18

4.27

100.00

*non-audited data.
**AGRAS ceded its insurance portfolio, except agricultural insurance to UNITA.

GARANTA
0.57%
OMNIASIG Life
4.54%
UNITA*
5.90%
INTERAMERICAN
7.50%

OTHER
0.54%
TOP 10
99.46%

ALLIANZ-IRIAC
27.20%

> Weight in market portfolio: 0.60%

> Nominal change (EUR): 87.62%
> Real change (RON): 74.02%
> Concentration degree (rst ten companies): 99.46%

ASIROM
9.90%

2006
HEALTH
INSURANCE

ARDAF
10.07%

ING Asigurri de Via

12.37%
ASTRA - UNIQA*
10.78%

BT Asigurri*
10.62%

www.insuranceprole.ro
www.insuranceprole.ro

27

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

INSURANCE POLICES

ISSUED IN 2006 PER COMPANY AND INSURANCE CLASSES

Aircraft third part liability

1,216

20,967

1,486

19,481

78

38,860

562

17,924

17,924

29,895 245,479

800

395

804

2,707

31,424

- 22

17,586

157

196

1,230

23

44,084

9,315

- 49

77,387 1,411,417 214,725 1,196,692 115,517 155,789

- 11

MTPL

TOTAL

DAMAGES TO PROPERTY

TOTAL

NON-LIFE

ARDAF

1,009,317

1,747 1,007,570

60,174

54,265

5,909 635,870

ASIBAN

1,639,732 1,009,584 630,148

65,197

62,312

2,885 492,311 131,468 360,843

ASIROM

2,124,180 110,768 2,013,412 239,505 162,118

ASIROM CONCORDIA
ASITO KAPITAL

904

904

968

739

38,078 597,792

904

739

Liability insurance

1,216

17,924

Financial loss insurance

61,685

Health insurance

17,924

MOTOR HULL

61,685

AGRAS

FIRE AND ALLIED PERILS

ABC Asigurri

Company

LIFE INSURAN CE

Ships third part liability

Assistance of the persons in diculty

insurance

Credit and warranties insurance

MOTOR
Accidents and illness insurance

TOTAL LIFE AND NON-LIFE, of which:

PROPERTY

Source: the insurance companies statements

Rail transport means insurance, Aircraft

insurance, Ships insurance (ocean,
inland)added up
Goods in transit insurance including
cargo, baggage and any other goods
transportation

AUDITED DATA

324

1,586

2,674

1,045

85,544

968

122

122

14

12

62

12

ASITRANS

124,202

- 124,202

2,942

2,882

60 113,621

5,626 107,995

96

163

63

231

5,682

1,403

ASTRA*

598,916

1,821 597,095

26,641

25,979

662 461,628

53,380 408,248

37,403

1,020

252

611

28,766

150

82,475 171,656

758

235

2,140

5,321

13

62,073

6,643

ATE INSURANCE

BCR Asigurri

433,189

- 433,189 101,873

99,702

2,171 254,131

40,531 71 22

BCR Asig. de Via

709,139 709,139

BT Asigurri

431,519

5,807 425,712

40,914

40,858

56 358,464

34,049 324,415

5,453

6,139

22

3,610

35

11,073

CARPATICA Asig

632,245

- 632,245

7,829

7,787

42 293,477

18,514 274,963 325,374

177

177

25

16

2,764

2,760

CERTASIG
CITY Insurance
DELTA Addendum

346

169,969

346

- 169,969

16,931

16,931

38

82

1,930

3,553

21

13

97

787

72

92

578

69

251

58

38

817

30

1,485

1,485

- 168,963

11,917

72

- 144,604

34

EUROASIG

157,960

- 157,960

1,939

1,939

2,513

2,513

1,098

7,497

GARANTA

431,716

4,183 427,533

22,180

21,488

692

2,073

2,071

2 297,058

124

17 105,213

854

GENERALI

552,851

42,826 510,025

28,626

24,820

3,806

99,035

59,400

3,950

18

162 375,633

99

2,502

GERROMA*

124,302

- 124,302

- 124,090

115

97

GRAWE
ING Asig. de Via
INTERAMERICAN

41,301

41,301

985,474 936,438
62,907

39,635

49,036

12,256

36,780

9,399

53,508

6,563

6,563

26,684

6,262

20,422

19,096

992

20

153

IRASIG

43

43

35

33

KD LIFE

2,023

2,023

9,919

9,919

7,605

3,797

3,808

2,231

2,231

23

25

15

17

88,079 654,877

42,289

624

29

95

265

UNITA

731,027

731,027

61,939

61,939

55,276 487,671

15,976

91,945

8,194

1,706

1,051,139

541,253

5,499,534

117,870

542,947

51,628

8,080

12,027 626,518

329

8,320

199

2,665

206

50,349 11 92

84

311

2,528 285,843

268,334

1,259

95

1,002,091

29,427

4,879

18,096

1,729

4,974

2,474

31,156

4,695,001

1,772

804,533

4,629

1,773

10,729,431

4,629

- 648,983

2,671,589

96,987

648,983

13,604,475

2,993 475,823

RAI

TOTAL

96,995

2,445 742,956

769,020

- 1,787,806 184,298 181,853

886,890

OTP Garancia

1,787,806

1,440,430

OMNIASIG

18,882

NBG ASIGURRI*

NOTE: The table shows only the companies that supplied answers to our inquiry. Those companies totalized a market share of 74.7%. The TOTAL line should be considered as the sum of the gures provided by the
mentioned companies and not accurate for the entire market.
*non-audited gures.

28

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

THE ROMANIAN INSURANCE MARKET

ASSETS
AUDITED DATA

Source: the insurance companies statements

Placements, of which
No.

Company

Bank deposits
TOTAL, of which Intangible assets
and cash in hand TOTAL, of which:
EUR m.

EUR m.

EUR m.

EUR m.

Lands and
building

Receivables
State titles
State titles Securities traded resulting from
issued by central issued by local on a regulated gross written
premiums
administration administration
market

EUR m.

EUR m.

EUR m.

EUR m.

EUR m.

Other

EUR m.

1 ABC Asigurri

3.85

2.32

1.11

1.11

0.42

2 AGRAS

8.78

0.01

2.71

3.09

3.09

1.76

1.20

3 AIG LIFE*

89.39

4 AIG Romnia

19.31

0.00

3.12

4.55

4.39

0.13

1.96

9.67

5 ALLIANZ-IRIAC

435.25

0.47

43.91

124.87

4.00

3.77

35.81

7.73

91.11

174.89

6 ARDAF

74.55

0.87

20.93

19.03

17.77

0.22

0.04

14.58

19.14

7 ASIBAN

181.23

0.31

4.14

90.25

16.79

0.01

29.87

6.42

32.55

53.98

8 ASIROM

199.40

0.06

58.84

54.81

43.75

0.05

5.70

2.86

45.69

39.99

2.88

2.25

0.56

0.34

0.16

0.03

0.03

0.04

10 ASITO KAPITAL

8.46

0.00

2.62

2.31

0.72

1.07

0.52

0.91

2.63

11 ASITRANS

6.39

0.05

0.92

0.59

0.86

4.89

0.53

9 ASIROM CONCORDIA

12 ATE INSURANCE

5.44

0.01

0.01

5.42

13 AVIVA

38.47

0.34

5.01

5.07

4.61

23.45

14 BCR Asigurri

92.94

0.30

25.80

30.18

11.05

11.44

3.21

4.48

21.22

15.44

15 BCR Asig. de Via

30.54

0.01

0.11

22.01

6.58

1.82

16 BT Asigurri

64.94

0.07

19.59

4.33

0.74

3.59

11.71

29.24

17 CARPATICA Asig

22.13

0.05

8.44

1.35

0.50

0.73

0.11

7.08

5.21

18 CITY Insurance

2.54

0.08

1.59

0.25

0.25

0.28

0.34

19 DELTA Addendum

3.86

0.03

3.40

0.04

0.04

0.32

0.06

20 DELTA Asigurri

9.80

0.00

3.47

0.08

0.31

6.02

21 EUROASIG

1.54

0.18

0.03

0.92

0.42

22 GARANTA

43.78

23 GENERALI

115.92

0.17

9.50

50.19

3.57

35.96

2.29

30.06

26.00

41.85

1.08

7.73

28.70

0.45

1.01

21.64

1.93

3.43

0.92

25 ING Asig. de Via

344.32

0.01

87.58

246.52

205.17

41.35

7.46

2.76

26 INTERAMERICAN

37.68

0.13

11.22

9.90

5.17

0.37

1.18

2.38

4.32

12.11

27 IRASIG

0.73

0.06

0.42

0.19

0.15

0.04

0.06

0.01

28 KD LIFE

4.37

0.08

3.63

0.04

0.04

0.42

0.20

24 GRAWE

29 NBG ASIGURRI*

2.29

1.47

0.82

200.75

0.38

80.95

24.30

23.46

0.85

42.61

52.51

33.81

0.09

6.87

9.75

8.51

0.02

1.22

8.63

8.48

32 OTP Garancia Asigurri

8.00

0.05

5.50

0.81

0.81

0.95

0.69

33 RAI

8.29

0.01

3.09

3.59

2.39

0.36

0.85

0.75

57.02

1.25

16.92

13.14

4.27

0.12

305

4.64

24.71

1.00

30 OMNIASIG
31 OMNIASIG Life

34 UNITA

Note:The table shows only the companies which provided data regarding the structure of their assets
*non-audited gures

www.insuranceprole.ro
30

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

THE ROMANIAN INSURANCE MARKET

TECHNICAL RESERVES
TECHNICAL RESERVES - NON-LIFE INSURANCE (EUR m.)
No.

TOTAL

Company
Gross

Net

AUDITED DATA

Premium Reserve

Damages Reserve

Gross

Gross

Net

Unadvised Damages
Reserve
Gross
Net

Net

Source: the insurance companies statements

Reserve for nonexpired risks

Gross
Net

Equalizing reserve
Gross

Net

Disaster reserve
Gross

Net

1 ABC Asigurri

1.04

0.78

0.69

0.46

0.18

0.15

0.01

0.01

0.01

0.01

0.16

0.16

2 AGRAS

3.48

3.04

2.05

2.05

1.33

0.89

0.05

0.05

0.05

0.05

11.20

1.98

5.35

0.56

1.73

0.53

1.60

0.45

0.97

0.10

1.56

0.35

221.36

123.34

137.06

69.93

59.66

35.86

19.48

12.40

5.15

5.15

5 ARDAF

43.66

39.51

15.62

14.69

24.95

22.37

2.11

1.90

0.97

0.55

6 ASIBAN

100.45

78.56

68.02

48.30

20.33

18.16

2.72

2.72

0.66

0.66

8.72

8.72

7 ASIROM

70.55

63.39

52.09

46.31

17.21

15.83

0.38

0.38

0.87

0.87

8 ASIROM CONCORDIA

0.31

0.31

0.28

0.28

0.00

0.00

0.03

0.03

9 ASITO KAPITAL

3.50

1.08

0.46

0.13

0.87

0.61

0.04

0.01

0.04

0.04

2.10

0.29

10 ASITRANS

8.30

6.56

5.31

4.08

2.37

2.15

0.16

0.16

0.45

0.17

11 ATE INSURANCE

0.02

0.00

0.02

0.00

12 BCR Asigurri

62.81

54.83

36.50

31.68

15.38

12.23

3.70

3.70

0.10

0.10

7.12

7.12

13 BT Asigurri

39.36

31.18

25.35

19.72

10.84

8.35

2.60

2.53

0.57

0.57

14 CARPATICA Asig

15.83

13.65

7.50

6.85

7.72

6.19

0.61

0.61

15 CERTASIG

0.28

0.28

0.17

0.17

0.03

0.03

0.00

0.00

0.00

0.00

0.08

0.08

16 CITY Insurance

0.15

0.15

0.09

0.09

0.05

0.05

0.00

0.00

0.01

0.01

0.00

17 DELTA Addendum

1.01

0.89

0.61

0.54

0.17

0.16

0.00

0.00

0.23

0.18

18 EUROASIG

2.25

1.59

1.76

1.22

0.27

0.19

0.08

0.06

0.13

0.12

19 GARANTA

23.16

6.87

16.45

4.86

4.22

0.72

1.44

0.22

1.06

1.06

20 GENERALI

63.86

33.47

37.48

17.32

16.51

7.48

1.84

1.12

0.10

0.10

0.21

0.21

7.72

7.24

21 GERROMA*

0.19

0.19

0.03

0.03

0.11

0.11

0.06

0.06

22 ING Asig. de Via

0.41

0.41

0.33

0.33

0.06

0.06

0.02

0.02

23 INTERAMERICAN

12.45

4.34

3.14

2.13

8.59

1.48

0.28

0.28

0.06

0.06

0.38

0.38

0.32

0.24

0.10

0.09

0.01

0.01

0.00

0.00

0.20

0.14

3 AIG Romnia
4 ALLIANZ-IRIAC

24 IRASIG
25 NBG ASIGURRI*

4.97

1.63

2.04

0.82

0.37

0.18

0.12

0.07

2.44

0.57

111.77

91.71

66.77

59.74

30.73

20.70

7.64

7.64

3.04

3.04

3.58

0.59

27 OTP Garancia Asigurri

1.50

1.50

0.95

0.95

0.31

0.31

0.18

0.18

0.07

0.07

28 RAI

3.57

3.40

1.73

1.63

0.98

0.92

0.01

0.01

0.03

0.03

0.82

0.81

46.10

34.68

28.45

19.59

13.66

11.65

3.17

2.95

0.82

0.49

26 OMNIASIG

29 UNITA
*non-audited gures.

Note: The table shows only the companies which provided data

TECHNICAL RESERVES - LIFE INSURANCE (EUR m.)

No. Company

TOTAL

AUDITED DATA

Mathematical reserve

Benets and risturn reserve

Premium reserve

Source: the insurance companies statements

Reserve for non-expired
risks
Gross
Net

Claims reserve

Gross

Net

Gross

Net

Gross

Net

Gross

Net

Gross

Net

1 AIG LIFE*

69.11

67.19

48.23

48.02

1.71

1.69

18.54

17.02

0.62

0.46

2 ALLIANZ-IRIAC

33.12

32.89

28.08

28.08

0.08

0.08

4.70

4.48

0.25

0.25

3 ARDAF

3.08

3.08

2.66

2.66

0.31

0.31

0.10

0.10

0.00

0.00

4 ASIBAN

21.88

21.61

15.01

14.75

0.39

0.39

6.20

6.20

0.29

0.27

5 ASIROM

66.33

66.33

43.71

43.71

11.56

11.56

11.02

11.02

0.05

0.05

6 AVIVA

31.00

30.59

25.06

25.05

4.06

4.06

1.86

1.45

0.03

0.03

7 BCR Asig. de Via

20.82

19.65

11.21

11.21

6.09

5.14

3.53

3.31

8 BT Asigurri

3.79

3.69

3.10

3.04

0.36

0.36

0.29

0.24

0.05

0.05

9 DELTA Asigurri

0.20

0.20

0.00

0.00

0.18

0.18

0.03

0.03

10 GARANTA

1.16

0.75

0.26

0.04

0.03

0.00

0.88

0.71

0.00

0.00

11 GENERALI

11.82

11.72

5.82

5.82

0.23

0.23

5.44

5.35

0.34

0.33

12 GRAWE

24.98

24.44

15.62

15.62

0.96

0.96

7.89

7.47

0.51

0.39

13 ING Asig. de Via

303.77

303.77

267.80

267.80

15.84

15.84

19.05

19.05

1.08

1.08

14 INTERAMERICAN

12.34

11.79

8.06

8.06

0.17

0.17

4.04

3.54

0.07

0.01

0.46

0.46

0.04

0.04

0.43

0.43

29.65

28.94

15.69

15.69

0.03

0.03

13.29

12.61

0.64

0.61

0.01

0.01

0.01

0.01

0.00

0.00

15 KD LIFE
16 OMNIASIG Life
OTP Garancia Asigurri
*non-audited gures

www.insuranceprole.ro

Note: The table shows only the companies which provided data

31

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

OTHER FINANCIAL INDICATORS IN 2006

No.

Company

1 ABC Asigurri
2 AGRAS

GPW THROUGH
INSURANCE
BROKERS
%

SOLVENCY MARGIN
LIFE INSURANCE

NON-LIFE INSURANCE

SOLVENCY DEGREE (%)

LIQUIDITY DEGREE (%)

LIFE

LIFE

EUR m.

RON m.

EUR m.

RON m.

3.35

11.80

NON-LIFE
10.94

NON-LIFE
-

23.21

59.00

4.47

15.75

3.47

2.87

3 AIG LIFE*

13.43

4 AIG Romnia

7.21

25.42

394.00

1,490.00

5 ALLIANZ-IRIAC

2.75

9.68

43.53

153.43

1.25

1.86

3.61

2.19

6 ARDAF

7 ASIBAN

17.86

62.94

25.11

88.50

5.34

1.74

2.49

2.46

8 ASIROM
9 ASIROM CONCORDIA
10 ASITO KAPITAL
11 ASITRANS
12 ASTRA-UNIQA*

2.56

9.02

33.10

116.66

1.72

1.53

7.18

1.79

70.00

2.52

8.89

159.90

9,664.00

5.73

20.20

7.72

5.90

30.00

3.84

13.53

2.52

2.34

NA

NA

NA

NA

NA

NA

NA

NA

NA

13 BCR Asigurri

2.99

14 BCR Asig. de Via

7.90

27.84

2.00

2.00

15 BT Asigurri

NA

NA

NA

NA

NA

NA

NA

1.86

2.37

16 CARPATICA Asig

14.00

5.91

20.82

2,158.00

158.00

17 CERTASIG

80.00

191.51

674.97

2.00

1.61

18 CITY Insurance

34.00

2.07

7.29

11.00

30.36

19 DELTA Addendum

10.00

1.02

3.61

526.00

2,047.00

0.18

0.64

16.51

6.64

21 EUROASIG

26.00

0.99

3.48

5.77

22 GARANTA

7.45

5.02

17.71

5.69

20.04

9.10

2.89

3.05

17.20

23 GENERALI

0.34

NA

NA

NA

NA

4.12

2.88

3.28

4.71

20 DELTA Asigurri

7.24

NA

NA

NA

NA

NA

NA

1.80

80.00

6.28

22.14

5.00

17.00

26 ING Asig. de Via

28.11

99.07

237.29

8.90

27 INTERAMERICAN

0.11

1.36

4.78

4.23

14.90

2.49

4.60

11.16

3.03

24 GERROMA*
25 GRAWE

28 IRASIG

2.00

7.07

59.07

29 KD LIFE

2.01

7.09

93.75

30 NBG ASIGURRI*

12.00

1.45

5.09

3.90

14.02

31 OMNIASIG

NA

NA

3.16

3.94

32 OMNIASIG Life

0.00

0.01

1.49

1.55

33 OTP Garancia Asigurri

3.10

10.92

6.18

21.80

5.60

16.89

4.46

15.73

3.78

378.00

34 RAI

Note: The table shows only the companies which provided data regarding the mentioned nancial indicators.

www.insuranceprole.ro
32

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

ROMANIAN COMPOSITE INSURANCE COMPANIES

PORTFOLIOS
0.18%
2.12%
5.68%
1.83%

ABC Asigurri

14.24%

3.73%
5.21%

AIG Romnia

80.95%
24.98%

10.11%

4.64%
1.96%
2.50%

ALLIANZ-IRIAC

7.81%
15.03%
11.77%

13.34%

3.26%
23.32%
52.63%
75.95%

68.06%
100%

100%

92.19%

55.97%

ARDAF

ASIBAN
2.23%
8.40%
6.77%
1.63%

11.06%

54.72%

2.69%
12.20%

ASIROM
14.25%

2.08%
1.11%
1.63%

14.67%

1.53%

11.96%

8.26%
22.88%

17.61%

9.22%
2.74%

33.42%

54.43%
78.31%

97.77%

85.75%

61.06%

ASITO KAPITAL

43.46%

68.74%

ASITRANS

4.32%

2.08%
4.60%
8.12%

18.68%

85.33%

35.12%

ASTRA - UNIQA*
2.26%

9.88%

21.61%

8.44%

0.53% 4.22%
5.45% 1.23%
21.47%

2.89%
2.08%

1.41%
8.64%

66.95%
61.34%
100%

100%
82.95%

BCR Asigurri

property
motor insurance
35.29%

liability insurance
credit & warranties insurance
travel insurance

100%
8.26%

www.insuranceprole.ro

Legend
re and allied perils insurance

2.27%

42.35%

70.74%

life insurance
general insurance

11.26%
8.99%

2.85%

99.47%
49.27%

43.54%

damages to property insurance

motor hull
motor TPL

accident and sickness insurance, including profesional accident and sickness

other

33

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

BT Asigurri

CARPATICA Asigurri

3.51%

4.55%

5.57%

8.07%

CERTASIG
0.38%

2.05%
10.09%

2.24%

12.02%

1.16%
18.52%

27.32%

32.90%

95.45%
45.39%

100%

100%
78.29%

48.39%

CITY Insurance
4.11%

6.21%

75.71%

72.66%

DELTA Addendum
0.43%
95.46%

2.27%
1.04%
5.78%
3.19%

EUROASIG
35.45%
42.61%

8.62%

3.16%
17.39%

39.75%
25.39%

45.11%
100%

100%

GARANTA

GENERALI

7.16%

5.69%

100%

GERROMA*

7.63%

2.73%
11.92%

9.46%

2.23%
6.88%
1.79%
5.92%

13.65%

1.05%

98.95%

11.61%

4.64%

18.32%
57.14%
6.71%

63.62%

51.22%
92.37%

ING Asigurri de Via

1.03%

100%

86.35%

4.97%
2.84%
1.46%

IRASIG

INTERAMERICAN

67.55%

2.61%
13.85%

30.67%
11.26%
51.56%

15.99%

19.41%
48.44%
98.97%

100%
8.51%

34

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

NBG ASIGURRI*

OMNIASIG
33.58%

4.08%
4.95%
3.50%

22.26%

5.96%
1.92%
1.13%
7.96%

OMNIASIG Life
14.72%
3.22%

1.95%
34.77%

11.31%
31.60%

53.89%
100%

100%

96.78%

RAI

UNITA

66.37%

OTP Garancia Asigurri

0.29%
1.24%
7.63%
1.05%
5.41%

15.64%

3.71%
3.84%

36.80%

14.87%

38.64%

20.57%

44.04%
82.67%

55.64%
100%

99.71%
47.93%

2.46%

100%

68.49%

Legend

life insurance
general insurance

re and allied perils insurance

property
motor insurance
liability insurance
credit & warranties insurance
Assistance of the persons in diculty insurance

damages to property insurance

motor hull
motor TPL

accident and sickness insurance, including profesional accident and sickness

other

* non audited data

READ

NEWS

The Romanian Insurance Markets Newsletter

Thursdays, every two weeks
Free subscriptions at

Mihaela CRCU

www.ar.ro

Editor In Chief
www.insuranceprole.ro

35

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

ROMANIAN LIFE INSURANCE COMPANIES

PORTFOLIOS
Legend

Life insurance, annuities and supplementary insurance

Permanent health insurance

Marriage insurance, birth insurance

Life insurance and annuities related to investment funds

* Weight of Life insurance in total amount of GWP

ARDAF
4.58%

INTERAMERICAN

5.28%

90.14%

11.17%

GENERALI

88.83%
24.02%

2.50%

* 2.23

*51.56

ALLIANZ-IRIAC

ING Asigurri de Via

62.62%

37.38%

*7.81

65.86%

* 13.65

AVIVA

34.14%

12.39%

87.61%

* 100.00

* 98.97

Company

KD LIFE
87.84%

73.48%

Life insurance, annuities and

supplementary insurance
% in all GWP

12.16%

www.insuranceprole.ro
* 100

14.25

100.00

ASIROM

14.67

100.00

ASTRA

0.53

100.00

100.00

100.00

BCR Asig. de Via

BT Asigurri

4.55

100.00

CARPATICA Asig

0.01

100.00

DELTA Asigurri

100.00

100.00

7.63

100.00

100.00

100.00

96.78

100.00

0.29

100.00

GARANTA
GRAWE
OMNIASIG Life
OTP Garancia Asigurri

36

% in life GWP

ASIBAN

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Romanian insurance companies portfolios in 2006

NON-LIFE

TOTAL

LIFE INSURANCE, ANNUITIES AND

SUPPLEMENTARY INSURANCE

MARRIAGE INSURANCE, BIRTH INSURANCE

LIFE INSURANCE AND ANNUITIES RELATED TO

INVESTMENT FUNDS

PERMANENT HEALTH INSURANCE

TOTAL non-life

TOTAL

FIRE AND ALLIED PERILS

DAMAGES TO PROPERTY

TOTAL

MOTOR HULL

MOTOR THIRD PART LIABILITY

ACCIDENTS AND ILLNESS INSURANCE

HEALTH INSURANCE

RAIL TRANSPORT MEANS INSURANCE, AIRCRAFT

INSURANCE, SHIPS INSURANCE (OCEAN, INLAND)ADDED UP

GOODS IN TRANSIT INSURANCE INCLUDING CARGO,

BAGGAGE AND ANY OTHER GOODS TRANSPORTATION

CREDIT AND WARRANTIES INSURANCE

FINANCIAL LOSS INSURANCE

ASSISTANCE OF THE PERSONS IN DIFFICULTY INSURANCE

LIABILITY INSURANCE

OTHERS

LIFE INSURANCE

PROPERTY

No.

Company

1 ABC Asigurri

- 100.00

75.95

23.32

52.63

2.12

0.18

5.68

1.83

2 AGRAS**

- 100.00 100.00

- 100.00

3 AIG LIFE*

100.00

- 100.00

80.95

24.98

55.97

5.21

1.62

2.08

0.04 10.11

7.81

2.92

4.89

92.19

15.03

11.77

3.26

68.06

54.72

13.34

0.93

0.84

0.67

1.16

1.96

2.01 0.10

4 AIG Romnia
5 ALLIANZ-IRIAC

14.24

14.24

MOTOR

2.50 1.04
0.80

6 ARDAF

2.23

0.12

97.77

8.40

6.77

1.63

78.31

22.88

55.43

0.71

1.78

6.66

0.30

0.23

0.58

7 ASIBAN

14.25

14.25

85.75

8.98

8.26

0.72

61.06

43.46

17.61

0.45

0.00

0.67

0.55

12.20

0.00

0.26

1.53 0.04

8 ASIROM

14.67

14.67

85.33

11.96

9.22

2.74

68.54

35.12

33.42

1.11

0.57

0.50

0.52

0.23

0.15

1.63 0.11

- 100.00

- 100.00

- 100.00

66.95

66.95

8.64

8.64

18.68

0.29

3.97

0.05

1.41

8.12

9 ASIROM CONCORDIA
10 ASITO KAPITAL
11 ASITRANS

- 100.00

2.74

2.26

0.48

82.95

21.61

61.34

0.89

0.01

0.00

0.44

0.26

0.00

4.60

12 ASTRA-UNIQA*

0.53

0.53

99.47

5.45

4.22

1.23

70.74

21.47

49.27

8.44

1.23

3.36

2.93

2.89

0.08

13 ATE INSURANCE

- 100.00

- 100.00

14 AVIVA

100.00

29.86

70.14

15 BCR Asig. de Via

100.00 100.00

16 BCR Asigurri

2.08 2.28

- 100.00

11.26

8.99

2.27

43.54

35.29

8.26

0.36

0.37

0.90

42.35

0.02

0.35

4.55

4.55

95.45

8.17

8.07

0.09

78.29

32.90

45.39

0.15

1.74

0.00

0.06

5.57

0.53

0.93

18 CARPATICA Asig

- 100.00

12.09

12.02

0.07

75.71

27.32

48.39

10.09

0.01

0.08

1.16

0.87

19 CERTASIG

- 100.00

2.24

2.24

18.52

18.52

0.10

0.28

- 72.66

6.21

20 CITY Insurance

- 100.00

0.26

0.08

0.18

4.16

0.05

4.11

0.10

0.03

- 95.46

- 100.00

42.61

35.45

7.16

45.11

45.11

1.04

- (0.08)

1.35

0.54

0.46

5.78

3.19

100.00 100.00

- 100.00

8.78

8.62

0.16

39.75

39.75

17.39

1.65

0.36

0.14

92.37

9.64

9.46

0.18

4.65

4.64

0.00

11.92

0.22

0.05

0.91

63.62

0.76

0.61

0.34 3.28

86.35

18.32

11.61

6.71

57.14

51.22

5.92

0.99

0.03

1.18

6.88

0.02

1.79

17 BT Asigurri

21 DELTA Addendum
22 DELTA Asigurri
23 EUROASIG

- 25.39

0.85 0.01

5.69 0.85

24 GARANTA

7.63

7.63

25 GENERALI

13.65

10.03

- 100.00

98.95

0.14

0.91

100.00 100.00

0.05

0.98

26 GERROMA*
27 GRAWE
28 ING Asig. de Via

98.97

33.79

65.17

1.03

29 INTERAMERICAN

48.44

8.51

8.51

30.67

19.41

11.26

2.84

4.89

0.08

1.46

- 100.00

67.76

67.55

0.22

13.85

2.16

0.23

- 15.99

51.56

45.80

5.76

30 IRASIG

31 KD LIFE

100.00

12.16

87.84

32 NBG ASIGURRI*

- 100.00

33.58

22.26

11.31

53.89

53.89

4.95

2.54

3.50

0.57

0.97

33 OMNIASIG

- 100.00

15.43

14.72

0.71

66.37

34.77

31.60

1.92

2.46

1.33

7.96

0.03

1.13

34 OMNIASIG Life

96.78

96.78

3.22

3.22

35 OTP Garancia

0.29

0.29

99.71

15.64

15.64

68.49

20.57

47.93

1.24

0.16

1.13

7.63

5.41

36 RAI

- 100.00

3.71

3.71

0.00

37.03

36.80

0.23

0.62

0.66

0.18

0.28

37 UNITA

- 100.00

14.87

14.87

82.67

38.64

44.04

0.45

0.79

0.21

0.48

6.78 0.17 80.22 12.19

9.32

2.87 54.06 32.65 21.41

1.80

0.60

0.91

0.83

7.03

0.11

0.61

TOTAL

19.78 10.39 0.00

1.47 55.64

1.95 1.42

0.37 0.04
0.52

1.62 0.47

*non-auditated data

38

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

THE INSURANCE MEDIATION MARKET

A HALF BILLION EUR IN 2007?

IS IT POSSIBLE?
The insurance mediation market witnessed an increase of 40% in EUR, during the preceding year while
in the rst quarter of 2007 the industry increasing estimated rate overcame 50%. While in 2006 the
insurance brokerage market represented more than 20% from the insurance market, in the rst quarter of the current year the mediation industry brought an estimated value of 16% from the insurers
business.
Alex ROCA
Editor in Chief

Consolidated insurance mediated premium portfolio

LIFE INSURANCE
5.12 %
OTHER
1.92%
Credit and warranties
1.40 %
Liability
2.55 %
Compulsory MTPL
16.53 %

Property
12.24 %
Fire and allied perils
8.31 %
Damages to property
3.93 %

Motor hull
57.23 %

GENERAL INSURANCE
94.88 %

Motor
73.77 %

As we already mentioned in the previous issue of Insurance

PROFILE, the Romanian Insurance Mediation Market totalized, by the end of the preceding year a total amount of RON
1.2 billion in mediated premiums. The estimation is strengthened by the gures presented for 39 insurance brokers from
the market that submitted answers to our inquiry, companies which own a market share of about 74%. The estimated
total amount of mediated premiums in the rst three
months of the current year reached EUR 95 million.
The Top 3 of insurance mediation companies remained unchanged as the rst three companies in 2006 hold the same
places in the mediated premiums class eld in 1Q 2007.
PORSCHE Broker, MARSH and AON Romania are the rst
three companies in Romanian Insurance Mediation Market,
ranked by mediated premiums. The mentioned companies
hold a market share of 26.5% in the rst quarter of 2007.
The 2006 gures mixed with the results from the rst three
months of the current year lead the conclusion that the
trends in the market are still settled by the companies
strongly connected with leasing operations while motor
insurance own a deep impact in the market.
After three months, the current year proves to be quite optimistic with the industry. While the business increase recorded for the analyzed period might conduct, by the end
of the year, to a market vlaue close to EUR 500 million, taking
into account that the most ecient quarters in the year for
the industry are the 2nd and the 4th quarter of the year.

IMPORTANT NOTES:
The tables are showing only the gures from the companies that provided answers to our inquiry. The estimations are made only for companies placed in the rst ten companies in the market as stated by the Insurance Supervisory Commission Report for 2005. All the companies for which the gures are estimations are marked with *.
The gures from the TOTAL MARKET line should be considered as estimations based on the available results from the companies that have sent us their nancial gures. All the gures regarding 2005 are published
as in the Insurance Supervisory Commission Report.
The companies presented here and marked with ** were placed in the rst 20 companies in the market as stated by the Insurance Supervisory Commission Report for 2005. The gures for the mentioned companies
were not available for the analyzed period.
Starting the 3rd of January 2006, FORUM Insurance overtook the activity of FORUM Asigurari.
FINANS Broker was established at 12th of May, 2005 thus the gures corresponding to the year 2005 are rephering to the period May December 2005.

40

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Mediated premium - 2006

LIFE AND NON-LIFE INSURANCE
No.

Company

2006

Nominal
Real
change in EUR change in RON

2005

EUR m.

RON m.

EUR m.

1 PORSCHE BROKER

36.38

128.22

2 MARSH

29.08

102.50

3 AON Romania

22.28

78.53

4 HVB INSURANCE

17.34

61.12

5 ASIGEST

16.13

56.84

6 VBL BROKER

12.48

43.98

9.31

7 EURIAL

12.42

43.78

8 ACTIV ASIGURARI

12.37

43.59

9 GRAS SAVOYE ROMANIA

11.64

41.03

10 INK CONSULTANTA

9.79

11 FINANS BROKER

6.71

12 SAFE INVEST

Market share
2006

RON m.

20.86

75.58

74.42

61.78

11.01

25.15

91.12

15.64

7.26

8.80

13.79

49.96

61.59

49.88

6.74

0.83

3.01

1,984.42

1,833.37

5.25

17.01

61.64

- 5.20

- 12.07

4.88

33.72

34.09

24.37

3.77

7.50

27.17

65.61

53.61

3.76

10.50

38.04

17.81

9.27

3.74

7.11

25.76

63.76

51.89

3.52

34.50

6.20

22.48

57.75

46.32

2.96

23.64

2.25

8.15

198.26

176.64

2.03

6.44

22.71

4.60

16.67

40.03

29.88

1.95

13 EUROBROKERS GROUP

5.69

20.06

3.39

12.29

67.84

55.67

1.72

14 FORUM INSURANCE

5.41

19.08

5.84

21.15

- 7.23

- 13.95

1.64

15 SAFETY BROKER

4.18

14.74

0.00

0.00

1.27

16 EOS RISQ ROMANIA

3.37

11.87

2.54

9.20

32.69

23.07

1.02

17 EURO ARC INSURANCE

2.97

10.48

2.21

8.01

34.51

24.76

0.90

18 LONDON BROKERS

2.89

10.18

2.53

9.15

14.39

6.10

0.87

19 FAIRWAY

2.83

9.99

1.96

7.10

44.55

34.08

0.86

20 HSI INSURANCE

2.56

9.02

2.38

8.62

7.65

- 0.15

0.77

21 MAXYGO

2.52

8.89

0.76

22 MILLENIUM

2.50

8.80

3.15

11.43

- 20.80

- 26.54

0.76

23 PSG

2.48

8.76

2.46

8.90

1.09

- 6.23

0.75

24 ASTOP

2.25

7.92

2.18

7.90

3.08

- 4.39

0.68

25 INTERCAM

1.70

6.00

1.30

4.70

31.31

21.80

0.52

26 TOTAL ADVISOR

1.58

5.55

1.04

3.76

51.86

40.85

0.48

27 SRBA

1.46

5.14

1.22

4.44

19.05

10.42

0.44

28 GLOBAL RISK SERVICES

1.20

4.22

1.37

4.95

- 12.36

- 18.71

0.36

29 ALPHA INSURANCE

0.96

3.40

0.29

30 NB BROKER

0.94

3.33

0.29

31 ASICONS

0.75

2.63

0.30

1.09

147.09

129.19

0.23

32 NORD BROKER

0.68

2.39

1.20

4.34

- 43.44

- 47.54

0.20

33 SILGA

0.51

1.80

0.75

2.72

- 31.75

- 36.70

0.15

34 ROMASIG

0.47

1.66

0.42

1.53

11.31

3.24

0.14

35 FEHU

0.31

1.09

0.09

36 ORIZONT

0.23

0.80

0.07

37 ZURICH BROKER

0.20

0.72

0.06

38 PIRAEUS BROKER

0.20

0.71

0.06

39 IRECSON

0.14

0.51

0.04

41 BTWC**

NA

NA

4.04

14.63

-100.00

- 100.00

42 EUROPEAN CONSULTING GROUP**

NA

NA

3.44

12.48

-100.00

- 100.00

43 HREMA INSURANCE**

NA

NA

2.33

8.45

-100.00

- 100.00

45 PENTA**

NA

NA

2.52

9.14

-100.00

- 100.00

TOTAL TOP 10

179.91

634.08

118.26

428.49

52.13

41.11

54.43

TOTAL*

330.54

1,165.00

236.07

855.39

40.02

29.87

100.00

Loss adjusters - Financial indicators 2006

2006
AVUS
INTERFIDES

www.insuranceprole.ro

Nominal Real
change in change in
EUR
RON

Paid claims

Company

2005

EUR m.

RON m.

EUR m.

RON m.

2.35

8.27

1.67

6.04

40.92

NA

NA

NA

NA

NA

Nominal Real Loss adjusting income

change change
2006
in EUR in RON

Administration fee
2006

2005

EUR m.

RON m.

EUR m.

RON m.

30.70

0.50

1.77

0.38

1.37

32.59

22.98

NA

NA

NA

NA

NA

NA

NA

41

EUR m.

Total income
2006

RON m.

EUR m.

RON m.

0.59

2.07

0.68

2.39

0.33

1.17

0.33

1.17

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

Structure of gross written/mediated premiums 2006

CLASS OF INSURANCE

GROSS WRITTEN PREMIUMS

TOTAL
LIFE INSURANCE

%
100.00

20.30

MEDIATED PREMIUMS

EUR m.

100.00

330.54

320.77

19.70

5.28

5.12

16.92

1,307.53

80.30

23.99

94.88

313.62

TOTAL

198.72

12.20

20.36

12.24

40.46

FIRE AND ALLIED PERILS

151.98

9.33

18.07

8.31

27.47

NON-LIFE
PROPERTY

EUR m.
1,628.28

SHARE OF
MEDIATED
PREMIUMS
IN WRITTEN
PREMIUMS
%

DAMAGES TO PROPERTY

46.74

2.87

27.80

3.93

12.99

TOTAL

881.04

54.11

27.68

73.77

243.83

MOTOR HULL

532.29

32.69

35.54

57.23

189.18

MOTOR THIRD PART LIABILITY

348.74

21.42

15.67

16.53

54.64

29.31

1.80

4.32

0.38

1.27

9.83

0.60

4.65

0.14

0.46

Rail transport means insurance, Aircraft insurance, Ships insurance (ocean, inland) added up

14.75

0.91

12.14

0.54

1.79

Goods in transit insurance including cargo, baggage and any other goods transportation

13.47

0.83

35.04

1.43

4.72

MOTOR

Accidents and illness insurance

Health insurance

Credit and warranties insurance

114.49

7.03

4.04

1.40

4.62

Financial loss insurance

1.87

0.11

87.21

0.49

1.63

Assistance of the persons in diculty insurance

9.93

0.61

0.58

0.02

0.06

26.43

1.62

31.93

2.55

8.44

7.70

0.47

82.35

1.92

6.34

Liability insurance
Others

Life insurance mediated premium - 2006

No.

Company

AUDITED DATA

Weight in its
own insurance
portfolio
%

Source: the insurance brokerage companies statements

LIFE INSURANCE
2006

2005

Nominal
change
in EUR

Real
change
in RON

Market
share
2006

EUR m.

RON m.

EUR m.

RON m.

100.00

NA

NA

4.60

16.67

NA

NA

NA

2 FINANS BROKER

26.62

1.79

6.29

0.42

1.53

322.07

291.49

10.55

3 EUROBROKERS GROUP

29.10

1.66

5.84

0.93

3.38

77.59

64.72

9.78

2.54

0.74

2.60

0.07

0.26

917.17

843.46

4.36

5 ALPHA INSURANCE

58.58

0.56

1.99

3.34

6 FEHU

80.48

0.25

0.88

1.47

7 GRAS SAVOYE ROMANIA

2.10

0.25

0.86

0.05

0.19

360.22

326.87

1.45

8 MAXYGO

7.59

0.19

0.67

1.13

9 ASIGEST

1.12

0.18

0.64

1.07

10 MILLENIUM

4.79

0.12

0.42

0.10

0.38

15.01

6.68

0.71

11 VBL BROKER

0.66

0.08

0.29

0.00

0.00

6,169.02

5,714.74

0.49

12 AON Romania

0.34

0.08

0.27

0.06

0.22

26.59

17.41

0.45

13 LONDON BROKERS

1.72

0.05

0.17

0.20

0.74

- 75.57

- 77.34

0.29

14 INTERCAM

1.70

0.03

0.10

0.01

0.05

123.11

106.94

0.17

15 ASICONS

3.85

0.03

0.10

0.02

0.06

64.22

52.32

0.17

16 FORUM INSURANCE

0.28

0.02

0.05

0.06

0.21

- 73.30

- 75.24

0.09

17 TOTAL ADVISOR

0.84

0.01

0.05

0.00

0.01

640.20

586.56

0.08

18 ROMASIG

2.19

0.01

0.04

0.01

0.03

8.55

0.68

0.06

19 ACTIV ASIGURARI

0.05

0.01

0.02

0.00

0.01

122.82

106.67

0.03

20 EURO ARC INSURANCE

0.11

0.00

0.01

0.00

0.01

49.32

38.50

0.02

21 SAFETY BROKER

0.08

0.00

0.01

0.02

22 PSG

0.10

0.00

0.01

0.02

23 INK CONSULTANTA

0.02

0.00

0.01

0.00

0.00

24 GLOBAL RISK SERVICES

0.06

0.00

0.00

0.00

25 SILGA

0.05

0.00

0.00

0.00

5.12

16.92

59.64

16.40

59.41

1 SAFE INVEST

4 MARSH

TOTAL MARKET*

114.23

3.21

98.70

- 4.27

0.01

100.00

*estimation.

42

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

Non life insurance mediated premium - 2006

No.

Company

1 PORSCHE BROKER
2 MARSH
3 AON Romania

Weight in its
own insurance
portfolio

AUDITED DATA

Source: the insurance brokerage companies statements

NON-LIFE INSURANCE
2006

2005

Nominal
change
in EUR

Real
change
in RON

Market
share
2006

EUR m.

RON m.

EUR m.

RON m.

%100.00

36.38

128.22

20.86

75.58

74.42

61.78

11.60

97.46

28.34

99.90

25.08

90.86

13.03

4.84

9.04

95.20

21.21

74.76

13.73

49.74

54.51

43.32

6.76

100.00

17.34

61.12

0.83

3.01

1,984.42

1,833.37

5.53

5 ASIGEST

98.88

15.95

56.20

17.01

61.64

- 6.26

- 13.05

5.08

6 EURIAL

100.00

12.42

43.78

7.50

27.17

65.61

53.61

3.96

7 VBL BROKER

99.34

12.39

43.68

9.30

33.71

33.22

23.57

3.95

8 ACTIV ASIGURARI

99.95

12.36

43.57

10.50

38.03

17.78

9.25

3.94

9 GRAS SAVOYE ROMANIA

4 HVB INSURANCE

97.90

11.40

40.17

7.06

25.57

61.52

49.82

3.63

10 INK CONSULTANTA

99.98

9.79

34.49

6.20

22.48

57.74

46.31

3.12

11 FORUM INSURANCE

99.72

5.40

19.03

5.78

20.94

- 6.57

- 13.34

1.72

12 FINANS BROKER

73.38

4.92

17.35

1.83

6.62

169.57

150.04

1.57

13 SAFETY BROKER

99.92

4.18

14.73

0.00

0.00

1.33

14 EUROBROKERS GROUP

70.90

4.03

14.22

2.46

8.91

64.13

52.24

1.29

100.00

3.37

11.87

2.54

9.20

32.70

23.08

1.07

16 EURO ARC INSURANCE

99.89

2.97

10.47

2.21

8.00

34.49

24.75

0.95

17 LONDON BROKERS

98.28

2.84

10.01

2.32

8.42

22.25

13.39

0.91

18 FAIRWAY

100.00

2.83

9.99

1.96

7.10

44.55

34.08

0.90

19 HSI INSURANCE

100.00

2.56

9.02

2.38

8.62

7.65

-0.15

0.82

20 PSG

99.90

2.48

8.75

2.46

8.90

0.99

-6.33

0.79

21 MILLENIUM

95.21

2.38

8.38

3.05

11.05

- 22.02

- 27.67

0.76

22 MAXYGO

92.41

2.33

8.22

0.74

100.00

2.25

7.92

2.18

7.90

3.08

-4.39

0.72

98.30

1.67

5.90

1.28

4.65

30.39

20.94

0.53

15 EOS RISQ ROMANIA

23 ASTOP
24 INTERCAM
25 TOTAL ADVISOR
26 SRBA
27 GLOBAL RISK SERVICES
28 NB BROKER
29 ASICONS

99.16

1.56

5.50

1.04

3.75

50.85

39.92

0.50

100.00

1.46

5.14

1.22

4.42

19.61

10.95

0.46

99.94

1.20

4.21

1.37

4.95

- 12.41

- 18.76

0.38

100.00

0.94

3.33

0.30

96.15

0.72

2.53

0.28

1.03

152.21

133.94

0.23

100.00

0.68

2.39

1.20

4.34

- 43.44

- 47.54

0.22

31 SILGA

99.95

0.51

1.80

0.75

2.72

- 31.79

- 36.73

0.16

32 ROMASIG

97.81

0.46

1.62

0.41

1.50

11.37

3.30

0.15

30 NORD BROKER

33 ALPHA INSURANCE

41.42

0.40

1.41

0.13

34 ORIZONT

100.00

0.23

0.80

0.07

35 ZURICH BROKER

100.00

0.20

0.72

0.07

36 PIRAEUS BROKER

100.00

0.20

0.71

0.06

37 IRECSON

100.00

0.14

0.51

0.05

38 FEHU
TOTAL*

19.52

0.06

0.21

0.02

94.88

313.62

1,105.34

219.68

795.98

42.76

32.42

100.00

LIFE INSURANCE
>Gross Written Premiums (EUR m.): 320.77
>Mediated Premiums (EUR m.): 16.92
>Share of Mediated Premiums in Written Premiums (%): 5.28
>Share in total GWP (%): 19.70
>Share in total MP (%): 5.12
www.insuranceprole.ro

43

IMPORTANT NOTE:
The table shows only the
companies that provided
data
*estimation

NON LIFE INSURANCE:

>Gross Written Premiums (EUR m.): 1307.53
>Mediated Premiums (EUR m.): 313.62
>Share of Mediated Premiums in Written Premiums (%): 80.30
>Share in total GWP (%): 23.99
>Share in total MP (%): 94.88
Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

MEDIATED PREMIUM 2006

MOTOR INSURANCE - Mediated premium 2006
No.

Company

MOTOR HULL INSURANCE - Mediated premium 2006

Weight in Market
its own
insurance Share 2006
(%)
portfolio

RON m.

1 PORSCHE BROKER

28.91

101.90

79.47

15.28

6.81

2 MARSH

14.61

51.50

50.24

7.72

5.80

3 HVB INSURANCE

13.02

45.90

75.10

6.88

62.51

5.71

4 ACTIV ASIGURARI

11.17

39.39

90.35

5.91

99.46

5.07

5 AON Romania

10.56

37.23

47.41

5.58

42.55

74.86

4.95

6 VBL BROKER

9.50

33.48

76.14

5.02

42.19

96.79

4.91

7 ASIGEST

9.35

32.95

57.97

4.94

11.94

42.07

95.67

4.90

8 EURIAL

8.65

30.48

69.62

4.57

RON m.

1 PORSCHE BROKER

36.38

128.22

100.00

14.92

2 MARSH

16.60

58.50

57.07

3 HVB INSURANCE

14.13

49.82

81.51

4 AON Romania

13.93

49.09

5 EURIAL

12.35

43.54

6 ASIGEST

12.07

7 ACTIV ASIGURARI

11.97

8 VBL BROKER

No.

Company

Weight in Market
its own
insurance Share 2006
(%)
portfolio

EUR m.

EUR m.

9 INK CONSULTANTA

9.52

33.55

97.26

3.90

9 INK CONSULTANTA

8.18

28.83

83.57

4.32

10 FORUM INSURANCE

5.20

18.32

95.99

2.13

10 FORUM INSURANCE

4.52

15.92

83.42

2.39

11 GRAS SAVOYE ROMANIA

4.84

17.08

41.62

1.99

11 GRAS SAVOYE ROMANIA

4.28

15.09

36.77

2.26

12 FINANS BROKER

4.09

14.41

60.95

1.68

12 FINANS BROKER

3.33

11.73

49.61

1.76

13 SAFETY BROKER

4.02

14.17

96.15

1.65

13 EURO ARC INSURANCE

2.03

7.16

68.30

1.07

14 EUROBROKERS GROUP

3.64

12.84

64.01

1.49

14 HSI INSURANCE

1.84

6.47

71.75

0.97

15 EURO ARC INSURANCE

2.48

8.73

83.34

1.02

15 PSG

1.74

6.14

70.16

0.92

16 HSI INSURANCE

2.15

7.59

84.18

0.88

16 SAFETY BROKER

1.50

5.27

35.76

0.79

17 PSG

1.95

6.86

78.31

0.80

17 LONDON BROKERS

1.08

3.81

37.41

0.57

18 MAXYGO

1.92

6.77

76.09

0.79

18 EOS RISQ ROMANIA

0.74

2.62

22.06

0.39

19 ASTOP

1.87

6.61

83.40

0.77

19 INTERCAM

0.68

2.40

39.99

0.36

20 LONDON BROKERS

1.38

4.87

47.84

0.57

20 SRBA

0.55

1.96

38.07

0.29

21 INTERCAM

1.19

4.20

69.98

0.49

21 ASTOP

0.50

1.77

22.29

0.26

22 SRBA

1.13

4.00

77.79

0.47

22 EUROBROKERS GROUP

0.47

1.67

8.30

0.25

23 TOTAL ADVISOR

1.05

3.71

66.75

0.43

23 MAXYGO

0.46

1.62

18.24

0.24

24 EOS RISQ ROMANIA

1.01

3.56

29.94

0.41

24 TOTAL ADVISOR

0.39

1.38

24.84

0.21

25 NB BROKER

0.58

2.05

61.58

0.24

25 NORD BROKER

0.33

1.15

48.31

0.17

26 ASICONS

0.57

2.01

76.36

0.23

26 NB BROKER

0.28

1.00

30.04

0.15

27 NORD BROKER

0.41

1.44

60.32

0.17

27 ASICONS

0.25

0.88

33.34

0.13

28 ROMASIG

0.39

1.39

83.68

0.16

28 SILGA

0.19

0.68

37.65

0.10

29 SILGA

0.36

1.28

70.79

0.15

29 ROMASIG

0.15

0.53

31.73

0.08

30 GLOBAL RISK SERVICES

0.25

0.88

20.85

0.10

30 GLOBAL RISK SERVICES

0.12

0.43

10.24

0.06

31 ORIZONT

0.21

0.73

91.84

0.09

31 PIRAEUS BROKER

0.10

0.34

47.60

0.05

32 PIRAEUS BROKER

0.16

0.56

79.37

0.07

32 ORIZONT

0.08

0.27

33.87

0.04

33 IRECSON

0.10

0.36

70.70

0.04

33 ZURICH BROKER

0.05

0.17

23.89

0.03

34 ZURICH BROKER

0.09

0.32

43.88

0.04

34 IRECSON

0.04

0.15

29.31

0.02

35 FEHU

0.06

0.21

19.49

0.02

35 ALPHA INSURANCE

0.01

0.04

1.29

0.01

36 ALPHA INSURANCE

0.02

0.06

1.83

0.01

36 FEHU

0.01

0.03

2.56

0.00

243.83

859.37

73.77

100.00

189.18

666.78

57.23

100.00

TOTAL*

AUTO TOTAL
>Gross Written Premiums (EUR m.): 881.04
>Mediated Premiums (EUR m.): 243.83
>Share of Mediated Premiums in GWP (%): 27.68
>Share in total GWP (%): 54.11
>Share in total MP (%): 73.77

TOTAL*

CASCO
>Gross Written Premiums (EUR m.): 532.29
>Mediated Premiums (EUR m.): 189.18
>Share of Mediated Premiums in GWP (%): 35.54
>Share in total GWP (%): 32.69
>Share in total MP (%): 57.23
44

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

AUDITED DATA

MTPL INSURANCE - Mediated premium 2006

No.

IMPORTANT NOTE: The table shows only the companies that provided data.
*estimation

Source: the insurance brokerage companies statements

Company
1 PORSCHE BROKER

EUR m.

RON m.

7.47

26.33

GENERAL LIABILITY INSURANCE - Mediated premium 2006

Weight in Market
its own
insurance Share 2006
(%)
portfolio
20.53

No.

13.67

Company

Weight in
its own Market Share
insurance
2006
portfolio

EUR m.

RON m.

1 MARSH

1.59

5.60

5.46

18.83

1.19

4.21

5.36

14.15

2 EURIAL

3.71

13.06

29.84

6.78

2 AON Romania

3 AON Romania

3.36

11.85

15.10

6.16

3 GRAS SAVOYE ROMANIA

0.84

2.97

7.24

9.98

5.80

4 EOS RISQ ROMANIA

0.65

2.31

19.41

7.75

5 GLOBAL RISK SERVICES

0.62

2.19

51.97

7.37

6 LONDON BROKERS

0.33

1.15

11.31

3.87

7 EURO ARC INSURANCE

0.29

1.04

9.89

3.48

8 FINANS BROKER

0.09

0.33

1.38

1.10

9 INTERCAM

0.09

0.30

5.00

1.01

10 FORUM INSURANCE

0.06

0.21

1.10

0.71

11 ASIGEST

0.06

0.19

0.34

0.66

4 EUROBROKERS GROUP

3.17

11.17

55.71

5 ASIGEST

2.72

9.60

16.90

4.99

6 SAFETY BROKER

2.53

8.90

60.39

4.62

7 VBL BROKER

2.44

8.59

19.53

4.46

8 MARSH

1.99

7.00

6.83

3.63

9 MAXYGO

1.46

5.14

57.85

2.67

10 ASTOP

1.37

4.84

61.11

2.51

11 INK CONSULTANTA

1.34

4.72

13.69

2.45

12 TOTAL ADVISOR

0.06

0.19

3.51

0.65

12 HVB INSURANCE

1.11

3.91

6.40

2.03

13 EUROBROKERS GROUP

0.05

0.19

0.93

0.63

13 ACTIV ASIGURARI

0.80

2.81

6.44

1.46

14 PSG

0.05

0.18

2.09

0.62

14 FINANS BROKER

0.76

2.68

11.34

1.39

15 ASTOP

0.04

0.15

1.85

0.49

15 FORUM INSURANCE

0.68

2.40

12.57

1.25

16 NB BROKER

0.03

0.12

3.60

0.40

16 TOTAL ADVISOR

0.66

2.33

41.91

1.21

17 MAXYGO

0.03

0.12

1.32

0.39

0.02

0.08

0.53

0.26

17 SRBA

0.58

2.04

39.72

1.06

18 SAFETY BROKER

18 GRAS SAVOYE ROMANIA

0.56

1.99

4.85

1.03

19 IRECSON

0.02

0.07

14.25

0.24

0.93

20 SRBA

0.02

0.07

1.40

0.24

21 ROMASIG

0.02

0.07

4.08

0.23

22 INK CONSULTANTA

0.02

0.06

0.17

0.20

23 ASICONS

0.02

0.05

2.03

0.18

24 ACTIV ASIGURARI

0.01

0.05

0.11

0.16

25 ALPHA INSURANCE

0.00

0.02

0.49

0.06

26 HSI INSURANCE

0.00

0.02

0.17

0.05

27 SILGA

0.00

0.01

0.80

0.05

19 INTERCAM

0.51

1.80

29.99

20 EURO ARC INSURANCE

0.45

1.58

15.05

0.82

21 ASICONS

0.32

1.13

43.01

0.59

22 HSI INSURANCE

0.32

1.12

12.43

0.58

23 LONDON BROKERS

0.30

1.06

10.43

0.55

24 NB BROKER

0.30

1.05

31.54

0.55

25 EOS RISQ ROMANIA

0.27

0.94

7.88

0.49

26 ROMASIG

0.24

0.86

51.94

0.45

28 VBL BROKER

0.00

0.01

0.02

0.03

27 PSG

0.20

0.71

8.15

0.37

29 ORIZONT

0.00

0.01

1.04

0.03

28 SILGA

0.17

0.60

33.14

0.31

30 NORD BROKER

0.00

0.00

0.11

0.01

29 ORIZONT

0.13

0.46

57.98

0.24

31 ZURICH BROKER

0.00

0.00

0.12

0.00

30 GLOBAL RISK SERVICES

0.13

0.45

10.61

0.23

32 PIRAEUS BROKER

0.00

0.00

0.07

0.00

31 NORD BROKER

0.08

0.29

12.01

0.15

8.44

29.74

2.55

100.00

32 PIRAEUS BROKER

0.06

0.22

31.77

0.12

33 IRECSON

0.06

0.21

41.39

0.11

34 FEHU

0.05

0.18

16.94

0.10

35 ZURICH BROKER

0.04

0.14

19.99

0.07

36 ALPHA INSURANCE

0.01

0.02

0.54

0.01

54.64

192.60

16.53

100.00

TOTAL*

MTPL
>Gross Written Premiums (EUR m.): 348.74
>Mediated Premiums (EUR m.): 54.64
>Share of Mediated Premiums in GWP (%): 15.67
>Share in total GWP (%): 21.42
>Share in total MP (%): 16.53
www.insuranceprole.ro

TOTAL*

LIABILITY
>Gross Written Premiums (EUR m.): 26.43
>Mediated Premiums (EUR m.): 8.44
>Share of Mediated Premiums in GWP (%): 31.93
>Share in total GWP (%): 1.62
>Share in total MP (%): 2.55
45

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

AUDITED DATA

FIRE AND ALLIED PERILS INSURANCE - Mediated premium 2006

PROPERTY INSURANCE - Mediated premium 2006

No.

IMPORTANT NOTE: The table shows only the companies that provided data.
*estimation

Source: the insurance brokerage companies statements

Company

1 MARSH

EUR m.

RON m.

6.41

22.60

Weight in Market
its own
insurance Share 2006
(%)
portfolio
22.05

No.

Company

EUR m.

RON m.

Weight in Market
its own
insurance Share 2006
(%)
portfolio

15.85

1 MARSH

5.96

21.00

20.49

21.69

4.90

17.28

22.00

17.85

2 AON Romania

5.19

18.29

23.29

12.83

2 AON Romania

3 GRAS SAVOYE ROMANIA

5.00

17.63

42.98

12.37

3 ASIGEST

2.25

7.92

13.93

8.18

4 HVB INSURANCE

3.21

11.30

18.49

7.93

4 EOS RISQ ROMANIA

1.18

4.15

34.91

4.28

5 ASIGEST

2.81

9.92

17.45

6.96

5 LONDON BROKERS

0.74

2.62

25.70

2.70

6 EOS RISQ ROMANIA

1.18

4.15

34.91

2.91

6 FINANS BROKER

0.74

2.59

10.96

2.68

7 LONDON BROKERS

0.92

3.23

31.70

2.26

7 GRAS SAVOYE ROMANIA

0.50

1.76

4.29

1.82

8 FINANS BROKER

0.74

2.59

10.96

1.82

8 INTERCAM

0.40

1.40

23.33

1.45

9 VBL BROKER

0.44

1.57

3.57

1.10

9 VBL BROKER

0.37

1.30

2.95

1.34

0.40

1.40

23.33

0.98

10 PSG

0.36

1.28

14.66

1.33

0.35

1.23

2.82

1.27

10 INTERCAM
11 TOTAL ADVISOR

0.37

1.30

23.45

0.91

11 ACTIV ASIGURARI

12 PSG

0.36

1.28

14.66

0.90

12 ALPHA INSURANCE

0.32

1.12

33.08

1.16

0.28

1.00

11.23

1.03

13 ACTIV ASIGURARI

0.36

1.26

2.89

0.88

13 MAXYGO

14 ALPHA INSURANCE

0.34

1.19

35.08

0.84

14 TOTAL ADVISOR

0.28

0.99

17.78

1.02

15 MAXYGO

0.28

1.00

11.29

0.70

15 NB BROKER

0.25

0.89

26.83

0.92

16 EUROBROKERS GROUP

0.26

0.93

4.62

0.65

16 EUROBROKERS GROUP

0.23

0.82

4.10

0.85

17 NB BROKER

0.25

0.89

26.83

0.63

17 SRBA

0.21

0.75

14.57

0.77

18 SRBA

0.22

0.78

15.16

0.55

18 ASTOP

0.17

0.60

7.57

0.62

19 ASTOP

0.17

0.60

7.59

0.42

19 INK CONSULTANTA

0.14

0.50

1.46

0.52

0.14

0.49

27.21

0.51

20 INK CONSULTANTA

0.14

0.50

1.46

0.35

20 SILGA

21 SILGA

0.14

0.49

27.21

0.34

21 FORUM INSURANCE

0.10

0.34

1.80

0.35

0.09

0.31

3.49

0.32

22 EURO ARC INSURANCE

0.13

0.46

4.37

0.32

22 HSI INSURANCE

23 HSI INSURANCE

0.10

0.36

3.98

0.25

23 ASICONS

0.07

0.26

10.05

0.27

0.06

0.20

4.81

0.21

20.50

0.15

24 FORUM INSURANCE

0.10

0.34

1.80

0.24

24 GLOBAL RISK SERVICES

25 ASICONS

0.08

0.29

10.85

0.20

25 PIRAEUS BROKER

0.04

0.14

26 GLOBAL RISK SERVICES

0.06

0.20

4.81

0.14

26 ROMASIG

0.04

0.13

8.10

0.14

27 SAFETY BROKER

0.05

0.19

1.30

0.13

27 ZURICH BROKER

0.04

0.13

18.13

0.13

28 PIRAEUS BROKER

0.04

0.14

20.50

0.10

28 SAFETY BROKER

0.04

0.13

0.86

0.13

29 ROMASIG

0.04

0.13

8.10

0.09

29 NORD BROKER

0.01

0.05

1.92

0.05

30 ZURICH BROKER

0.04

0.13

18.13

0.09

30 ORIZONT

0.01

0.04

5.11

0.04

31 NORD BROKER

0.01

0.05

1.92

0.03

31 IRECSON

0.01

0.03

5.88

0.03

32 ORIZONT

0.01

0.04

5.11

0.03

32 EURIAL

0.00

0.01

0.02

0.01

33 FEHU

0.00

0.00

0.01

0.00

27.47

96.81

8.31

100.00

33 IRECSON

0.01

0.03

5.88

0.02

34 EURIAL

0.00

0.01

0.02

0.01

35 FEHU
TOTAL*

0.00

0.00

0.01

0.00

40.46

142.61

12.24

100.00

TOTAL PROPERTY:
>Gross Written Premiums (EUR m.): 198.72
>Mediated Premiums (EUR m.): 40.46
>Share of Mediated Premiums in GWP (%): 20.36
>Share in total GWP (%): 12.20
>Share in total MP (%): 12.24

TOTAL*

FIRE AND ALLIED PERILS

>Gross Written Premiums (EUR m.): 151.98
>Mediated Premiums (EUR m.): 27.47
>Share of Mediated Premiums in GWP (%): 18.07
>Share in total GWP (%): 9.33
>Share in total MP (%): 8.31
46

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

AUDITED DATA

DAMAGES TO PROPERTY INSURANCE- Mediated premium 2006

No.

IMPORTANT NOTE: The table shows only the companies that provided data.
*estimation

Source: the insurance brokerage companies statements

Company

EUR m.

RON m.

CONSUMERS PORTFOLIO - 2006

Weight in Market
its own
insurance Share 2006
(%)
portfolio

1 GRAS SAVOYE ROMANIA

4.50

15.87

38.69

34.66

2 HVB INSURANCE

3.21

11.30

18.49

24.68

3 ASIGEST

0.57

2.00

3.52

4.37

4 MARSH

0.45

1.60

1.56

3.49

5 AON Romania

0.29

1.01

1.29

2.21

6 LONDON BROKERS

0.17

0.61

6.00

1.33

7 EURO ARC INSURANCE

0.13

0.46

4.37

1.00

8 TOTAL ADVISOR

0.09

0.31

5.67

0.69

9 VBL BROKER

0.08

0.27

0.61

0.59

10 EUROBROKERS GROUP

0.03

0.10

0.52

0.23

11 ALPHA INSURANCE

0.02

0.07

2.00

0.15

12 SAFETY BROKER

0.02

0.07

0.45

0.14

13 HSI INSURANCE

0.01

0.04

0.50

0.10

14 SRBA

0.01

0.03

0.58

0.07

15 ACTIV ASIGURARI

0.01

0.03

0.07

0.06

16 ASICONS

0.01

0.02

0.81

0.05

17 MAXYGO

0.00

0.01

0.06

0.01

18 ASTOP

0.00

0.00

0.02

0.00

TOTAL*

12.99

45.80

3.93

100.00

No.

Company

Of which,
insurances
relatated
with leasing
operations

Natural
persons

1 ALPHA INSURANCE

22.86

77.14

2 AON Romania

98.00

2.00

3 ASICONS

97.00

1.00

3.00

4 ASIGEST

90.00

54.00

10.00

1.00

5 ASTOP

0.30

0.70

6 EOS RISQ ROMANIA

91.00

9.00

7 EURIAL

60.00

60.00

40.00

40.00

3.00

0.10

97.00

0.02

100.00

8 EUROBROKERS GROUP
9 FAIRWAY
10 FEHU

93.00

97.00

11 FORUM INSURANCE

78.00

80.00

22.00

12 GLOBAL RISK SERVICES

88.00

7.00

12.00

1.00

13 GRAS SAVOYE ROMANIA

97.00

3.00

14 HSI INSURANCE

98.00

90.00

2.00

15 HVB INSURANCE

76.00

98.00

23.00

98.00

16 INTERCAM

50.00

10.00

50.00

10.00

17 LONDON BROKERS

DAMAGES TO PROPERTY
>Gross Written Premiums (EUR m.): 46.74
>Mediated Premiums (EUR m.): 12.99
>Share of Mediated Premiums in GWP (%): 27.80
>Share in total GWP (%): 2.87
>Share in total MP (%): 3.93

Legal
persons

Of which,
insurances
relatated
with leasing
operations

95.00

5.00

18 MARSH

100.00

45.47

19 MAXYGO

38.50

61.50

20 MILLENIUM

71.00

75.00

29.00

21 NB BROKER

75.00

25.00

22 NORD BROKER

74.50

71.00

25.50

4.00

23 ORIZONT

34.53

3.51

65.47

2.32

24 PIRAEUS BROKER

82.00

95.00

18.00

95.00

25 PORSCHE BROKER

71.30

79.93

28.70

83.30

26 PSG

70.00

40.00

30.00

27 ROMASIG

45.42

54.58

28 SAFETY BROKER

81.00

62.00

19.00

6.00

29 SILGA

35.00

65.00

30 SRBA

90.00

10.00

31 TOTAL ADVISOR

7.42

18.00

32 ZURICH BROKER

65.00

35.00

www.insuranceprole.ro
www.insuranceprole.ro

47

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

Financial indicators of the brokerage companies - 2006

INCOME
No.

Company

2006

2006 INCOME (RON m.)

Nominal Real COMMISSIONS

change change EARNED
in EUR in RON
2006

2005

EUR m. RON m. EUR m. RON m.

EUR m. RON m.

No.

Company

from
insurance
brokerage
activity total, out of
which:

from ins. from risk from loss from averand reins. inspections settle- age agent
contracts
ments
negotiation

from other
activities in
connection
with the
object of
activity

1 PORSCHE BROKER

5.21 18.38

3.19 11.55

63.63

51.77

5.21 18.38

1 PORSCHE BROKER

18.38

18.38

2 MARSH

3.93 13.84

2.76

9.99

42.39

32.07

3.77 13.29

2 MARSH

13.84

13.84

3 AON Romania*

1.98

6.97

1.50

5.43

NA

NA

NA

NA

3 AON Romania

6.97

6.44

0.53

4 ASIGEST

1.97

6.96

1.97

7.12

0.38

-6.90

1.97

6.96

4 ASIGEST

6.96

6.96

5 HVB INSURANCE

1.94

6.85

0.83

3.01 133.61 116.68

1.94

6.85

5 VBL BROKER

6.27

6.27

6 VBL BROKER

1.78

6.27

1.26

4.58

40.75

30.55

1.78

6.27

6 ACTIV ASIGURARI

5.98

5.67

0.10

0.21

7 ACTIV ASIGURARI

1.61

5.67

1.43

5.18

12.46

4.31

1.64

5.77

7 INK CONSULTANTA

4.63

4.63

8 EUROBROKERS GROUP

1.15

4.05

0.79

2.87

45.06

34.54

1.15

4.05

8 EUROBROKERS GROUP

4.05

4.03

0.02

9 EURIAL

1.13

3.98

0.88

3.18

28.75

19.42

1.13

3.98

9 EURIAL

3.98

3.98

10 GRAS SAVOYE ROMANIA 1.08

3.82

0.84

3.06

28.34

19.04

1.08

3.82

10 GRAS SAVOYE ROMANIA

3.82

3.82

11 FINANS BROKER

1.05

3.69

0.39

1.41 168.43 148.98

1.05

3.69

11 FINANS BROKER

3.76

3.76

12 AVUS

0.68

2.39

0.45

1.64

38.41

0.50

1.77

12 FORUM INSURANCE

2.21

2.02

0.19

13 FORUM INSURANCE

0.63

2.21

0.71

2.58 -12.11 -18.48

0.63

2.21

13 AVUS

2.07

2.07

14 FAIRWAY

0.58

2.06

0.46

1.66

27.42

18.19

0.56

1.98

14 EOS RISQ ROMANIA

1.99

1.98

0.02

15 EOS RISQ ROMANIA

0.57

1.99

0.51

1.83

11.70

3.61

0.56

1.98

15 FAIRWAY

1.98

1.98

16 ASTOP

0.55

1.94

0.41

1.48

34.91

25.13

0.38

1.33

16 LONDON BROKERS

1.85

1.53

0.33

17 LONDON BROKERS

0.53

1.88

0.50

1.81

6.64

-1.09

0.53

1.88

17 SAFETY BROKER

1.81

1.81

18 SAFETY BROKER

0.51

1.81

0.06

0.22 757.66 695.51

0.51

1.81

18 TOTAL ADVISOR

1.79

0.00

19 PSG

0.38

1.35

0.36

1.30

6.46

-1.25

0.38

1.35

19 ASTOP

1.76

1.33

0.43

20 INTERCAM

0.34

1.20

0.29

1.06

16.38

7.95

0.28

1.00

20 MAXYGO

1.65

1.56

0.09

21 MILLENIUM

0.32

1.14

0.26

0.93

26.82

17.63

0.32

1.14

21 PSG

1.35

1.35

22 EURO ARC INSURANCE

0.32

1.14

0.25

0.89

31.80

22.25

0.32

1.14

22 INTERFIDES

1.17

1.17

23 SRBA

0.27

0.95

0.21

0.78

26.31

17.16

0.27

0.95

23 MILLENIUM

1.14

1.14

24 ALPHA INSURANCE

0.26

0.90

0.17

0.60

24 EURO ARC INSURANCE

1.14

25 GLOBAL RISK SERVICES

0.21

0.73

0.19

0.69

9.01

1.11

0.21

0.73

25 SRBA

0.95

0.95

0.00

26 ZURICH BROKER

0.20

0.72

0.04

0.12

26 ALPHA INSURANCE

0.90

0.60

0.30

27 NB BROKER

0.14

0.50

0.19

0.67 -24.34 -29.83

0.14

0.50

27 GLOBAL RISK SERVICES

0.73

0.73

28 ASICONS

0.12

0.41

0.05

0.17 148.67 130.65

0.12

0.41

28 SILGA

0.50

0.50

29 ROMASIG

0.08

0.29

0.12

0.45 -33.70 -38.51

0.08

0.29

29 ASICONS

0.41

0.41

30 HSI INSURANCE

0.08

0.29

0.32

1.14 -74.02 -75.90

0.27

0.96

30 NORD BROKER

0.34

0.34

0.00

31 PIRAEUS BROKER

0.03

0.10

0.03

0.10

31 ROMASIG

0.29

0.29

32 IRECSON

0.03

0.09

NA

NA

32 ZURICH BROKER

0.12

0.12

33 ORIZONT

0.02

0.08

0.02

0.08

33 PIRAEUS BROKER

0.10

0.10

34 MAXYGO

NA

NA

0.14

0.50

0.44

1.56

34 IRECSON

0.09

0.09

0.01

35 NORD BROKER

NA

NA

0.13

0.49

0.10

0.34

35 ORIZONT

0.08

0.08

36 SILGA

NA

NA

0.17

0.60

0.14

0.50

36 NB BROKER

0.00

0.00

64.03 225.68 45.74 165.73

40.00

29.85

TOTAL

49.22

* The income for 2006 corresponds with the new accounting policy of the company. Thus there can
be no comparison with the similar indicator of 2005.

www.insuranceprole.ro
48

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 2006

ROMANIAN INSURANCE MEDIATION COMPANIES

PORTFOLIOS
Color codes are common with the table on the right, page 51

www.insuranceprole.ro
50

Insurance PROFILE Review - industry quarterly

2 ALPHA INSURANCE
3 AON Romania1

2.89

2.82

0.07

6.44

0.02

0.06

Others

Liability insurance

0.03

Travel insurance

0.06

Financial loss insurance

90.35

Credit and warranties insurance

96.79

Health insurance

Accidents and illness insurance

MOTOR THIRD PART LIABILITY

DAMAGES TO PROPERTY

FIRE AND ALLIED PERILS

TOTAL

99.95

Goods in transit insurance including cargo, baggage

and any other goods transportation

0.05

MOTOR HULL

1 ACTIV ASIGURARI

NON-LIFE

LIFE INSURANCE

No. Company

MOTOR

TOTAL

PROPERTY

Rail transport means insurance, Aircraft insurance,

Ships insurance (ocean, inland) added up

ROMANIAN INSURANCE MARKET 2006

0.11

0.49

58.58

41.42

35.08

33.08

2.00

1.83

1.29

0.54

2.72

1.30

0.34

95.20

23.29

22.00

1.29

62.51

47.41

15.10

1.37

0.11

1.03

1.40

0.03

0.06

5.36

4.51

2.03

0.34

3.27

4 ASICONS

3.85

96.15

10.85

10.05

0.81

76.36

33.34

43.01

2.39

0.63

3.90

5 ASIGEST

1.12

98.88

17.45

13.93

3.52

74.86

57.97

16.90

0.51

0.01

0.19

1.66

0.60

0.00

100.00

7.59

7.57

0.02

83.40

22.29

61.11

0.78

4.97

1.16

0.26

1.85

6.53

19.41

6 ASTOP
7 EOS RISQ ROMANIA

100.00

34.91

34.91

29.94

22.06

7.88

0.73

0.32

0.21

6.53

1.42

8 EURIAL

100.00

0.02

0.02

99.46

69.62

29.84

0.47

0.05

0.16

9.89

9 EURO ARC INSURANCE

0.11

99.89

4.37

4.37

83.34

68.30

15.05

0.10

2.03

10 EUROBROKERS GROUP

29.10

70.90

4.62

4.10

0.52

64.01

8.30

55.71

0.19

0.68

0.47

0.93

26.44

11 FAIRWAY
12 FEHU
13 FINANS BROKER
14 FORUM INSURANCE

100.00

29.86

43.70

80.48

19.52

0.01

0.01

19.49

2.56

16.94

0.02

1.38

26.62

73.38

10.96

10.96

60.95

49.61

11.34

0.02

0.07

0.28

99.72

1.80

1.80

95.99

83.42

12.57

0.16

0.67

1.10

51.97

15 GLOBAL RISK SERVICES

0.06

99.94

4.81

4.81

20.85

10.24

10.61

0.45

0.06

4.27

17.54

16 GRAS SAVOYE ROMANIA

2.10

97.90

42.98

4.29

38.69

41.62

36.77

4.85

1.53

2.38

2.15

7.24

0.17

17 HSI INSURANCE

100.00

3.98

3.49

0.50

84.18

71.75

12.43

0.83

5.61

5.23

18 HVB INSURANCE

100.00

18.49

18.49

81.51

75.10

6.40

0.02

99.98

1.46

1.46

97.26

83.57

13.69

0.11

0.01

0.97

0.17

5.00

19 INK CONSULTANTA
20 INTERCAM
21 IRECSON

1.70

98.30

23.33

23.33

69.98

39.99

29.99

100.00

5.88

5.88

70.70

29.31

41.39

2.48

6.59

0.10

14.25

11.31

22 LONDON BROKERS

1.72

98.28

31.70

25.70

6.00

47.84

37.41

10.43

1.67

0.64

5.12

0.00

23 MARSH

2.54

97.46

22.05

20.49

1.56

57.07

50.24

6.83

0.10

1.17

1.56

7.02

3.02

5.46

0.71

1.32

24 MAXYGO

7.59

92.41

11.29

11.23

0.06

76.09

18.24

57.85

0.62

0.02

2.34

0.02

25 MILLENIUM

4.79

95.21

3.60

26 NB BROKER

100.00

26.83

26.83

61.58

30.04

31.54

2.19

5.11

0.69

27 NORD BROKER

100.00

1.92

1.92

60.32

48.31

12.01

5.60

31.49

0.55

0.11

1.04

0.07

28 ORIZONT

100.00

5.11

5.11

91.84

33.87

57.98

0.45

1.46

0.10

29 PIRAEUS BROKER

100.00

20.50

20.50

79.37

47.60

31.77

0.06

30 PORSCHE BROKER

100.00

100.00

79.47

20.53

2.09

31 PSG

0.10

99.90

14.66

14.66

78.31

70.16

8.15

1.07

0.78

0.03

2.91

0.05

32 ROMASIG

2.19

97.81

8.10

8.10

83.68

31.73

51.94

0.30

0.96

0.23

0.43

0.03

4.08

33 SAFE INVEST
34 SAFETY BROKER

100.00

0.08

99.92

1.30

0.86

0.45

96.15

35.76

60.39

0.18

1.25

0.46

0.05

0.53

0.80

35 SILGA

0.05

99.95

27.21

27.21

70.79

37.65

33.14

0.31

0.84

36 SRBA

100.00

15.16

14.57

0.58

77.79

38.07

39.72

0.59

0.45

0.40

1.92

0.30

1.97

1.40

0.02

0.19

3.51

37 TOTAL ADVISOR

0.84

99.16

23.45

17.78

5.67

66.75

24.84

41.91

0.68

0.08

4.50

0.01

38 VBL BROKER

0.66

99.34

3.57

2.95

0.61

95.67

76.14

19.53

0.01

0.05

0.02

0.00

0.02

0.12

12.36

0.02

2.55

1.92

39 ZURICH BROKER
TOTAL

100.00

18.13

18.13

43.88

23.89

19.99

25.52

5.12

94.88

12.24

8.31

3.93

73.77

57.23

16.53

0.38

0.14

0.54

1.43

1.40

0.49

1
4.46% from the mediated premium of the company are related to reinsurance.
*estimation

www.insuranceprole.ro

51

Year V - no.2/2007 (15)

ROMANIAN INSURANCE MARKET 2006

1 ALPHA INSURANCE

2 ASICONS

- 24.00

5.00

1.00

- 14.00

3 ASIGEST

1.22 54.07

0.03

6.12

0.41

0.01

1.00

0.34

2.35

4 ASTOP

8.00 26.00

6.00

4.00

- 13.00

5 EOS RISQ ROMANIA

2.00 19.00

- 11.00

2.00

1.00

6 EURIAL

- 40.00

3.00 30.00

0.47

4.15

7 EUROBROKERS GROUP

27.91

0.48

2.72

5.90

0.95

0.19

8 FAIRWAY

- 38.00 29.00

9 FEHU

- 33.00

- 58,58

- 40,88

- 12.46

- 17.12

2.00

- 10.00

2.00

- 40.00

1.00

- 21.00

1.00

5.00

2.00

- 20.00

- 20.40

3.87

2.16

0.01

0.32

- 28.80

0.98

0,54

OTHER COMPANY**

UNITA

RAI

OMNIASIG

NBG Asigurri

INTERAMERICAN

GRAWE

GENERALI

GARANTA

BT Asigurri

BCR Asigurri

AVIVA

ASTRA

ASITRANS

ASIROM

ASIBAN

ARDAF

AIG Life

AIG Romania

COMPANY

ALLIANZ-IRIAC

PORTFOLIO OF MEDIATED PREMIUMS THROUGH THE COMPANIES THAT HAVE SUBSCRIBED THE RISKS*

- 55.00

1.00

4.83

0.04

1.00 27.00

3.00

0.14

7.15

0.30

9.11

- 83.30

10 FINANS BROKER**

2.21 11.54

3.23

8.18

0.09

2.58

- 39.89

- 32.29

11 FORUM INSURANCE

- 60.70

0.09

0.15

2.92

0.10

0.02

0.16

0.65

0.06

- 29.55

5.35

0.25

12 GLOBAL RISK SERVICES

- 21.30

0.32 59.38

0.77

5.75

0.10

6.92

0.17

1.62

0.03

3.64

13 GRAS SAVOYE ROMANIA

- 13.00 46.00

9.00

2.00

- 22.00

7.00

1.00

14 HSI INSURANCE

0.05

0.20

7.05

- 92.59

15 HVB INSURANCE

- 39.00

6.00

- 28.00

- 23.00

4.00

16 INK CONSULTANTA

- 56.59

0.05

2.77

2.96

0.73

0.00

0.01

9.51

0.76

6.89

- 19.59

0.14

0.20

0.10 12.00

0.10 18.00 14.00

0.10

- 17.00 13.00

- 11.00

1.50

0.10

7.03 25.71

6.81

5.12

7.63

0.03

1.11 36.40

2.48

6.59

0.15

5.01

2.54

7.43

0.29

4.64

0.02

- 49.17 13.09

0.01

0.16

1.43

7.84

1.48

0.09

8.67

2.06

1.09

0.11

1.12

0.68

1.16

2.43

- 22.18

- 11.48

0.86

- 28.00

4.00

4.00

1.00

1.00

- 30.00

5.00

0.81 24.12

0.95

- 13.72

0.02 50.23

0.10

0.52

2.64

0.88

0.45

1.66

1.98

1.51

- 25.48

6.69

0.94

3.90

5.97

2.84

4.75

- 34.83

0.76

0.27

1.62

- 35.00

0.30

2.00

0.70

17 INTERCAM
18 LONDON BROKERS
19 MAXYGO

6.89

0.11

0.05

0.89

1.50 11.40

20 MILLENIUM

0.39 47.68

21 NB BROKER

- 27.00

22 NORD BROKER

6.01

23 ORIZONT

8.03 40.55

24 PENTA

25 PIRAEUS BROKER

- 46.88

2.78

- 10.00

26 PORSCHE BROKER

- 41.85

0.02

9.13

- 47.02

0.09

27 PSG

- 40.00

- 10.00

- 10.00

2.00

- 24.11

3.17

0.46

0.60

0.19

7.27

0.14

3.68

0.42

1.00 20.00

28 ROMASIG

2.10

4.07

1.06
-

7.86 36.56

29 SAFETY BROKER

- 20.00

30 SILGA

31 SRBA

0.20

1.00 17.59

0.19

32 TOTAL ADVISOR

0.51

0.51 31.10

5.10

33 ZURICH BROKER

1.00

0.70 14.50 52.30

7.38

0.02

8.30

8.00 30.00

5.00

7.00

5.00

3.00

2.00

- 26.85

2.02 11.86

0.52

0.05

1.70

0.03

1.45

6.60

0.01

9.20

6.20

- 30.99

- 31.67

7.05 22.53
0.66

1.91

0.41 16.05

0.03

- 38.00

- 23.72

6.24

1.74

0.34 18.49

*The table above is based only on gures from the brokers that have supplied answers to our inquiry;
*This company has nominated the companies that have subscribed the risks for non-life insurance. More than 99% of the mediated premiums for life insurance have been subscribed through ASIBAN.

LEGEND

<5%

5 - 15%

15 - 25%

25 - 35%

52

35 - 45%

>45%

Non-specified

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

Subscribe to the online version

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53

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

2007 Q1 RESULTS
Financial indicators for Q1 2007 (life and non-life insurance lines)
Real
Nominal
change in change in
EUR
RON

GROSS WRITTEN PREMIUM

No.

Company

Q1 2007
EUR m.

Q1 2006

RON m.

EUR m.

RON m.

NONAUDITED DATA Source: insurance compnies statements

PREMIUMS CEDED IN REINSURANCE
Q1 2007
EUR m.

Q1 2006

RON m.

EUR m.

Market
share Q1
2007

PAID CLAIMS
Q1 2007

RON m.

EUR m.

Q1 2006

RON m.

EUR m.

RON m.

287.11

21.47

11.34

48.46

164.11

32.82

116.97

49.29

166.93

39.27

139.96

16.07

1 ALLIANZ-IRIAC

97.85

331.36

80.56

2 BCR ASIGURARI

64.99

220.09

24.14

86.05

169.20

146.75

29.05

98.37

11.10

39.56

42.26

143.09

13.54

48.25

10.67

3 ASIROM

64.42

218.16

59.00

210.28

9.19

0.08

2.85

9.64

27.70

93.81

10.58

4 OMNIASIG

58.87

199.37

35.93

128.05

63.86

50.20

7.02

23.78

9.16

32.64

9.05

30.64

17.81

63.46

9.67

5 UNITA

45.00

152.37

21.36

76.14

110.63

93.07

11.68

39.55

5.88

20.96

13.11

44.40

12.61

44.96

7.39

6 ASIBAN

41.01

138.88

29.76

106.08

37.79

26.30

8.91

30.16

3.82

13.63

23.17

78.47

13.87

49.44

6.74

7 ASTRA-UNIQA*

35.44

120.00

37.38

133.24

-5.21

-13.11

NA

NA

NA

NA

8.27

29.48

5.82

8 ING Asig. de Via

34.35

116.33

29.88

106.50

14.97

5.38

0.30

1.02

0.17

0.62

10.24

34.67

7.95

28.35

5.64

9 GENERALI

29.44

99.71

18.76

66.87

56.92

43.83

10.39

35.17

7.78

27.73

12.73

43.11

5.39

19.21

4.84

10 BT ASIGURRI

21.57

73.06

12.67

45.16

70.26

56.06

30.53

103.37

2.28

8.12

11.93

40.41

4.09

14.56

3.54

11 AIG ROMANIA

18.55

62.81

14.54

51.80

27.62

16.97

18.29

61.94

14.22

50.68

0.16

0.54

1.01

3.59

3.05

12 ARDAF

15.84

53.65

22.09

78.72

-28.26

-34.25

1.86

6.31

1.50

5.33

14.97

50.69

9.02

32.15

2.60

13 AIG LIFE

14.62

49.50

9.76

34.80

49.71

37.22

0.67

2.25

0.31

1.07

2.40

14 CARPATICA ASIG

12.56

42.53

8.27

29.48

51.81

39.15

0.75

2.53

0.56

2.01

3.98

13.49

2.66

9.50

2.06

15 ASITRANS

8.33

28.20

6.88

24.52

21.02

10.93

1.63

5.53

0.25

0.87

2.65

8.99

0.26

0.93

1.37

16 ASITO KAPITAL

6.86

23.24

6.13

21.83

12.05

2.70

5.38

18.24

5.19

18.49

1.14

3.88

1.58

5.62

1.13

17 GARANTA

6.27

21.24

3.82

13.62

64.18

50.49

5.07

17.17

2.76

9.83

5.10

17.26

2.50

8.92

1.03

18 INTERAMERICAN

6.25

21.15

4.67

16.64

33.77

22.62

1.14

3.88

1.07

3.80

1.47

4.99

1.40

4.99

1.03

19 AVIVA

5.64

19.10

4.11

14.64

37.29

25.84

0.93

20 GRAWE

4.59

15.54

3.53

12.59

29.87

19.04

0.31

1.04

0.22

0.74

0.75

21 BCR Asig. de Via

4.50

15.24

2.50

8.91

80.02

65.00

0.47

1.58

0.48

1.62

NA

NA

0.74

22 OMNIASIG LIFE

3.72

12.61

3.02

10.76

23.33

13.04

0.19

0.63

0.08

0.27

1.95

6.60

1.51

5.38

0.61

23 DELTA ASIGURRI

2.18

7.38

2.08

7.41

4.86

-3.88

0.03

0.10

0.10

0.37

0.36

24 OTP Garancia Asigurri

1.49

5.06

0.92

3.26

63.12

49.52

0.04

0.13

0.45

1.53

0.37

1.33

0.25

25 RAI

1.44

4.86

1.29

4.60

11.17

1.90

0.14

0.48

0.10

0.35

0.70

2.36

0.48

1.70

0.24

26 ABC ASIGURRI

1.10

3.72

0.77

2.74

42.94

31.02

0.11

0.36

0.14

0.50

0.28

0.94

0.10

0.36

0.18

27 EUROASIG

0.54

1.82

0.26

0.93

106.20

89.00

0.15

0.50

0.06

0.20

0.10

0.35

0.03

0.10

0.09

28 DELTA ADDENDUM

0.46

1.57

0.25

0.91

82.03

66.85

0.03

0.10

0.01

0.03

0.13

0.44

0.11

0.39

0.08

29 AGRAS

0.35

1.20

0.96

3.41

-63.16

-66.23

0.07

0.24

0.04

0.14

0.22

0.75

0.07

0.26

0.06

30 CITY Insurance

0.25

0.85

0.23

0.82

9.43

0.30

0.01

0.03

0.04

0.12

0.02

0.07

0.04

31 CERTASIG

0.14

0.48

0.07

0.24

105.78

88.62

0.01

0.03

0.00

0.01

0.02

32 NBG INSURANCE

0.10

0.34

0.96

3.42

-89.59

-90.45

0.49

1.75

0.47

1.66

0.02

33 IRASIG

0.10

0.32

0.09

0.31

8.66

-0.41

0.02

0.08

0.02

0.08

0.00

0.01

0.01

0.05

0.02

34 ATE Insurance**

0.06

0.22

0.06

0.20

35 ASIROM CONCORDIA

NA

NA

0.07

0.25

0.01

0.04

36 CLAL ROMANIA

NA

NA

37 GERROMA

NA

NA

38 KD LIFE

NA

NA

0.01

TOTAL TOP 10

492.95 1,669.34

349.45 1,245.47

41.07

29.30

149.17

505.16

73.02

260.24

199.48

675.52

122.80

437.66

80.96

TOTAL

608.89 2,061.96

446.71 1,592.10

36.31

24.94

185.52

628.24

99.53

354.72

233.88

792.00

144.52

515.09

100.00

*estimation.
** ex-ABG Insurance established in May 2004, reauthorized in July 2006
1
- merging operation with GARANTA in progress
2
- authorized in December 2006

54

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

2007 Q1 LIFE INSURANCE

Financial indicators for Q1 2007 (life insurance)
No.

Company

Weight in
the own
insurance
portfolio
%

NONAUDITED DATA Source: insurance compnies statements

Nominal Real
change change
in EUR in RON

GROSS WRITTEN PREMIUM

Q1 2007

Q1 2006
EUR m.

RON m.

99.06

34.03

115.24

29.51

105.17

100.00

14.62

49.50

9.76

34.80

8.53

8.35

28.27

9.73

34.67

4 ASIROM

11.83

7.62

25.81

7.00

24.95

8.89

-0.19

5 ASIBAN

13.76

5.65

19.12

4.14

14.74

36.50

25.12

6 AVIVA

100.00

5.64

19.10

4.11

14.64

37.29

25.84

7 GRAWE

99.55

4.57

15.47

3.53

12.59

29.29

18.51

100.00

4.50

15.24

2.50

8.91

80.02

65.00

0.47

1.58

14.97

4.41

14.92

2.64

9.39

67.23

53.28

0.23

0.77

97.69

3.64

12.32

3.02

10.76

20.47

10.43

0.19

0.63

11 INTERAMERICAN

40.53

2.53

8.57

2.01

7.16

25.99

15.48

0.01

12 DELTA ASIGURRI

100.00

2.18

7.38

2.08

7.41

4.86

-3.88

13 GARANTA

9.97

0.63

2.12

0.21

0.74

199.53

174.55

14 BT ASIGURRI

2.88

0.62

2.11

0.61

2.18

1.97

-6.53

15 ARDAF

1.71

0.27

0.92

0.32

1.13

-14.34

-21.49

16 ASTRA-UNIQA*

0.33

0.12

0.40

0.12

0.44

-5.21

-13.11

17 OTP Garancia

1.23

0.02

0.06

0.00

0.02

93.02

314.99

75.93

270.63

22.50

12.28

99.38

336.55

81.28

289.70

22.26

12.07

3 ALLIANZ-IRIAC

8 BCR Asig. de Via

9 GENERALI
10 OMNIASIG LIFE

18 CARPATICA ASIG
TOTAL TOP 10
TOTAL

16.32

PAID CLAIMS

Q1 2006

RON m.

2 AIG LIFE

Q1 2007

EUR m.

1 ING Asig. de Via

PREMIUMS CEDED IN REINSURANCE

Q1 2007

Market
share Q1
2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

5.71

0.29

1.00

0.17

0.61

10.13

34.31

7.85

27.97

34.24

49.71

37.22

0.67

2.25

0.31

1.07

14.71

-14.19

-21.34

0.12

0.40

0.36

1.21

0.09

0.31

8.40

5.48

18.54

7.67

0.02

0.06

0.80

2.71

0.43

1.52

5.68

5.67

0.31

1.04

0.22

0.74

4.60

0.48

1.62

4.53

0.19

0.67

0.71

2.41

0.12

0.42

4.43

0.08

0.27

1.95

6.59

1.51

5.38

3.66

0.03

0.22

0.79

0.13

0.44

0.23

0.81

2.55

0.03

0.10

0.10

0.37

2.19

0.04

0.13

0.05

0.17

0.07

0.22

0.02

0.08

0.63

25.15

85.16

0.00

0.02

0.07

0.24

0.01

0.04

0.63

-0.01

-0.02

0.01

0.03

0.09

0.30

0.10

0.35

0.27

0.03

0.12

0.12

0.00

0.00

0.02

1.82

6.16

0.44

1.55

19.96

67.58

9.99

35.61

93.59

27.48

93.04

0.72

2.56

20.82

70.50

10.49

37.39

100.00

15.33

*estimation.

11
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Contact person:
Georgiana OPREA, Event Coordinator
0040 722 529 885, 0040 788 409 217, 0040 21 252 46 72
e-mail: info@ar.ro
www.insuranceprole.ro

55

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

2007 Q1 NON-LIFE INSURANCE

Financial indicators for Q1 2007 (non-life insurance)
No.

Company

Weight in
the own
insurance
portfolio
%

NONAUDITED DATA Source: insurance compnies statements

Nominal Real
change in change in
EUR
RON

GROSS WRITTEN PREMIUM

Q1 2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

PREMIUMS CEDED IN REINSURANCE

Q1 2007

PAID CLAIMS

Q1 2006

Q1 2007

Market
share Q1
2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

91.47

89.50

303.09

70.83

252.44

26.37

15.83

48.34

163.71

32.82

116.97

48.94

165.72

39.18

139.65

17.57

2 BCR ASIGURARI

100.00

64.99

220.09

24.14

86.05

169.20

146.75

29.05

98.37

11.10

39.56

42.26

143.09

13.41

47.80

12.76

3 OMNIASIG

100.00

58.87

199.37

35.93

128.05

63.86

50.20

7.02

23.78

9.16

32.64

9.05

30.64

17.81

63.46

11.55

4 ASIROM

88.17

56.80

192.34

52.00

185.33

9.23

0.12

2.85

9.64

NA

NA

22.22

75.26

NA

NA

11.15

5 UNITA

100.00

45.00

152.37

21.36

76.14

110.63

93.07

11.68

39.55

5.88

20.96

13.11

44.40

12.61

44.96

8.83

6 ASIBAN

86.24

35.37

119.77

25.63

91.34

38.00

26.49

8.89

30.10

3.82

13.63

22.37

75.76

13.44

47.91

6.94

7 ASTRA-UNIQA*

99.67

35.32

119.60

37.26

132.80

- 5.21

- 13.11

NA

NA

NA

NA

NA

NA

8.24

29.36

6.93

8 GENERALI

85.03

25.04

84.79

16.13

57.48

55.24

42.29

10.16

34.40

7.59

27.07

12.02

40.70

5.27

18.78

4.91

9 BT ASIGURRI

97.12

20.95

70.95

12.06

42.99

73.72

59.23

5.38

18.21

2.27

8.11

11.86

40.16

4.08

14.53

4.11

10 AIG ROMANIA

100.00

18.55

62.81

14.54

51.80

27.62

16.97

18.29

61.94

14.22

50.68

0.16

0.54

1.01

3.59

3.64

11 ARDAF

98.29

15.57

52.73

21.77

77.59

- 28.46

- 34.43

1.87

6.32

1.49

5.30

14.88

50.39

8.92

31.80

3.06

12 CARPATICA ASIG

100.00

12.56

42.53

8.27

29.47

51.90

39.23

0.75

2.53

0.56

2.01

3.98

13.49

2.66

9.50

2.46

13 ASITRANS

100.00

8.33

28.20

6.88

24.52

21.02

10.93

1.63

5.53

0.25

0.87

2.65

8.99

0.26

0.93

1.63

14 ASITO KAPITAL

100.00

6.86

23.24

6.13

21.83

12.05

2.70

5.38

18.24

5.19

18.49

1.14

3.88

1.58

5.62

1.35

15 GARANTA

90.03

5.65

19.12

3.61

12.87

56.36

43.32

5.03

17.03

2.71

9.66

5.03

17.04

2.48

8.84

1.11

16 INTERAMERICAN

59.47

3.71

12.58

2.66

9.48

39.65

28.01

1.14

3.85

0.85

3.01

1.34

4.54

1.17

4.18

0.73

17 OTP Garancia Asigurri

98.77

1.48

5.00

0.92

3.26

61.12

47.69

NA

NA

0.04

0.13

0.45

1.53

0.37

1.33

0.29

18 RAI

100.00

1.44

4.86

1.29

4.60

11.17

1.90

0.14

0.48

0.10

0.35

0.70

2.36

0.48

1.70

0.28

19 ABC ASIGURRI

100.00

1.10

3.72

0.77

2.74

42.94

31.02

0.11

0.36

0.14

0.50

0.28

0.94

0.10

0.36

0.22

20 EUROASIG

100.00

0.54

1.82

0.26

0.93

106.20

89.00

0.15

0.50

0.06

0.20

0.10

0.35

0.03

0.10

0.11

21 DELTA ADDENDUM

100.00

0.46

1.57

0.25

0.91

82.03

66.85

0.03

0.10

0.01

0.03

0.13

0.44

0.11

0.39

0.09

22 AGRAS

100.00

0.35

1.20

0.96

3.41

- 63.16

- 66.23

0.07

0.24

0.04

0.14

0.22

0.75

0.07

0.26

0.07

23 ING Asig. de Via

0.94

0.32

1.09

0.37

1.33

- 13.41

- 20.64

0.01

0.02

0.00

0.01

0.11

0.37

0.11

0.38

0.06

24 CITY Insurance

100.00

0.25

0.85

0.23

0.82

9.43

0.30

0.01

0.03

NA

NA

0.04

0.12

0.02

0.07

0.05

25 CERTASIG

100.00

0.14

0.48

0.07

0.24

105.78

88.62

NA

NA

NA

NA

0.01

0.03

0.00

0.01

0.03

26 NBG INSURANCE

100.00

0.10

0.34

0.96

3.42

- 89.59

- 90.45

NA

NA

0.49

1.75

NA

NA

0.47

1.66

0.02

27 IRASIG

100.00

0.10

0.32

0.09

0.31

8.66

- 0.41

0.02

0.08

0.02

0.08

0.00

0.01

0.01

0.05

0.02

2.31

0.09

0.29

0.00

0.01

0.02

100.00

0.06

0.22

0.06

0.20

0.45

0.02

0.07

0.00

NA

NA

0.07

0.25

0.01

0.04

450.39 1,525.19

309.87 1,104.41

45.35

33.22

141.65

479.69

86.87

309.61

181.98

616.26

115.05

410.04

88.40

509.51 1,725.41

365.42 1,302.40

39.43

27.80

158.04

535.20

98.81

352.16

213.06

721.50

133.91

477.25

100.00

28 OMNIASIG LIFE
29 ATE Insurance
30 GRAWE
31 ASIROM CONCORDIA
TOTAL TOP 10
TOTAL

83.68

56

0.01

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q2007

MOTOR INSURANCE 1Q2007: MOTOR HULL & COMPULSORY MTPL INCLUDED

No.

Company

Weight in
the own
insurance
portfolio
%

Nominal Real
change in change in
EUR
RON

GROSS WRITTEN PREMIUM

Q1 2007

Q1 2006

NONAUDITED DATA Source: insurance compnies statements

PREMIUMS CEDED IN REINSURANCE

Q1 2007

PAID CLAIMS

Q1 2006

Q1 2007

Market
share Q1
2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

67.39

65.95

223.32

49.91

177.90

32.12

21.10

NA

NA

NA

NA

NA

NA

NA

NA

18.51

2 ASIROM

75.43

48.59

164.54

41.13

146.59

18.14

8.29

0.46

1.54

13.57

48.37

21.60

73.14

NA

NA

13.64

3 OMNIASIG

77.01

45.34

153.54

26.61

94.82

70.42

56.21

1.26

4.26

0.73

2.61

11.69

39.59

15.17

54.06

12.72

4 UNITA

83.15

37.41

126.70

15.72

56.02

138.02

118.17

5.52

18.70

1.05

3.76

12.85

43.53

12.52

44.62

10.50

5 BCR ASIGURARI

50.58

32.88

111.33

11.56

41.19

184.45

160.73

0.70

2.36

0.11

0.40

12.10

40.96

6.32

22.52

9.23

6 ASIBAN

63.30

25.96

87.92

18.96

67.57

36.95

25.52

0.14

0.48

0.08

0.28

15.71

53.19

2.20

7.84

7.29

7 ASTRA UNIQA*

70.98

25.15

85.18

26.54

94.58

- 5.21

-13.11

NA

NA

NA

NA

NA

NA

7.55

26.90

7.06

8 GENERALI

64.39

18.96

64.20

11.66

41.57

62.54

48.98

7.59

25.70

5.02

17.88

11.47

38.83

4.62

16.46

5.32

9 BT ASIGURRI

79.72

17.20

58.24

9.98

35.58

72.27

57.90

4.84

16.39

1.83

6.54

11.43

38.71

3.79

13.51

4.83

10 ARDAF

82.44

13.06

44.23

19.18

68.37

- 31.91

-37.59

0.99

3.36

0.52

1.87

13.54

45.84

8.45

30.13

3.67

11 CARPATICA ASIG

87.96

11.05

37.41

7.33

26.13

50.66

38.09

0.42

1.43

0.43

1.54

3.58

12.13

2.57

9.15

3.10

12 ASITRANS

92.82

7.73

26.17

6.32

22.53

22.28

12.08

1.45

4.92

0.32

1.15

2.61

8.84

0.26

0.93

2.17

13 INTERAMERICAN

41.14

2.57

8.70

1.86

6.63

38.21

26.68

0.61

2.07

0.46

1.65

1.15

3.91

1.12

4.00

0.72

14 GARANTA

18.56

1.16

3.94

0.46

1.62

155.50

134.19

0.46

1.56

0.18

0.65

0.38

1.28

0.27

0.96

0.33

15 OTP Garancia Asigurri

74.67

1.12

3.78

0.75

2.67

48.90

36.48

NA

NA

0.02

0.08

0.43

1.47

0.37

1.31

0.31

16 ABC ASIGURRI

78.74

0.86

2.93

0.71

2.53

21.90

11.73

0.09

0.30

0.08

0.29

0.27

0.93

0.10

0.35

0.24

17 RAI

42.94

0.62

2.09

0.57

2.02

8.68

-0.38

0.04

0.14

0.04

0.13

0.55

1.85

0.41

1.45

0.17

18 EUROASIG

59.42

0.32

1.08

0.10

0.34

236.01

207.98

0.14

0.48

0.05

0.19

0.10

0.33

0.03

0.10

0.09

19 DELTA ADDENDUM

45.88

0.21

0.72

0.10

0.36

111.38

93.75

0.01

0.04

0.06

0.21

0.11

0.36

0.06

0.21

0.06

20 ASITO KAPITAL
21 CERTASIG
22 CITY Insurance
23 NBG INSURANCE

2.55

0.18

0.59

0.33

1.16

- 46.33

-50.81

0.14

0.48

0.23

0.82

0.10

0.33

0.07

0.25

0.05

26.37

0.04

0.13

NA

NA

0.01

0.03

NA

NA

0.01

0.12

0.00

0.00

0.00

0.00

- 47.38

-51.77

0.00

0.00

0.00

TOTAL TOP 10
TOTAL

58.52

0.43

1.55

0.22

0.77

0.26

0.93

330.50 1,119.21

231.25

824.20

42.92

31.00

21.49

72.79

22.93

81.72

110.38

373.79

60.62

216.05

92.75

356.35 1,206.75

250.20

891.74

42.43

30.55

24.86

84.19

25.03

89.20

119.67

405.25

66.12

235.66

100.00

*estimation

COCKTAILURI
DINEURI
RECEPII
Comenzi online
www.gala.ro
Tel.: +40 21 252 2879
Fax: +40 21 252 2877
e-mail: gala@gala.ro

58

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

MOTOR HULL INSURANCE CLASS Q1 2007

No.

NONAUDITED DATA Source: insurance compnies statements

Weight in
Nominal Real
GROSS WRITTEN PREMIUM
PREMIUMS CEDED IN REINSURANCE
the own
change
in
change
in
insurance
Q1 2007
Q1 2006
Q1 2007
Q1 2006
EUR
RON
portfolio
%
%
%
EUR m. RON m. EUR m. RON m.
EUR m. RON m. EUR m. RON m.

Company

Market
share Q1
2007

PAID CLAIMS
Q1 2007
EUR m.

Q1 2006

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

46.03

45.04

152.51

34.54

123.10

30.39

19.52

NA

NA

NA

NA

NA

NA

NA

NA

27.16

2 OMNIASIG

31.11

18.32

62.03

9.17

32.67

99.85

83.18

0.30

1.02

0.22

0.78

5.85

19.80

8.51

30.34

11.04

3 ASIBAN

41.32

16.94

57.38

9.50

33.84

78.45

63.57

NA

NA

NA

NA

11.61

39.33

NA

NA

10.22

4 ASIROM

23.89

15.39

52.11

13.57

48.37

13.38

3.92

0.05

0.18

NA

NA

13.78

46.66

NA

NA

9.28

5 GENERALI

51.45

15.15

51.30

10.26

36.57

47.65

35.33

7.56

25.60

5.02

17.88

10.56

35.75

4.53

16.13

9.13

6 BCR ASIGURARI

21.77

14.15

47.91

7.64

27.23

85.15

69.71

0.62

2.09

0.10

0.35

9.85

33.37

5.32

18.98

8.53

7 UNITA

28.82

12.97

43.91

2.40

8.57

439.59

394.59

5.03

17.03

0.79

2.83

7.19

24.33

7.59

27.04

7.82

8 BT ASIGURRI

49.91

10.77

36.47

3.45

12.29

212.23

186.19

4.67

15.82

1.66

5.93

5.85

19.81

2.26

8.06

6.49

9 ASTRA UNIQA*

12.01

4.26

14.42

4.49

16.01

-5.21

-13.11

NA

NA

NA

NA

NA

NA

2.49

8.87

2.57

10 ARDAF

21.38

3.39

11.47

3.47

12.37

-2.38

-10.52

NA

NA

NA

NA

4.67

15.81

3.75

13.36

2.04

11 ASITRANS

31.95

2.66

9.01

0.77

2.73

247.30

218.33

1.34

4.55

0.32

1.15

1.06

3.59

0.10

0.35

1.60

12 CARPATICA ASIG

20.78

2.61

8.84

1.42

5.06

83.89

68.55

0.05

0.18

0.06

0.22

1.34

4.54

1.02

3.64

1.57

13 INTERAMERICAN

19.30

1.21

4.08

0.97

3.46

24.06

13.72

0.57

1.93

0.46

1.65

0.82

2.78

0.72

2.56

0.73

14 GARANTA

18.56

1.16

3.94

0.46

1.62

155.48

134.17

0.46

1.56

0.18

0.65

0.38

1.28

0.27

0.96

0.70

15 RAI

42.28

0.61

2.06

0.57

2.02

7.02

-1.91

0.04

0.14

0.04

0.13

0.55

1.85

0.41

1.45

0.37

16 EUROASIG

59.42

0.32

1.08

0.10

0.34

236.01

207.98

0.14

0.48

0.05

0.19

0.10

0.33

0.03

0.10

0.19

17 OTP Garancia Asigurri

18.54

0.28

0.94

0.12

0.42

136.85

117.10

0.02

0.08

0.13

0.45

0.07

0.25

0.17

18 ABC ASIGURRI

19.61

0.22

0.73

0.11

0.40

90.55

74.66

0.07

0.23

0.06

0.20

0.11

0.38

0.03

0.12

0.13

19 DELTA ADDENDUM

45.88

0.21

0.72

0.10

0.36

111.38

93.75

0.01

0.04

0.06

0.21

0.11

0.36

0.06

0.21

0.13

20 ASITO KAPITAL
21 CERTASIG
22 CITY Insurance

2.55

0.18

0.59

0.33

1.16

-46.33

-50.81

0.14

0.48

0.23

0.82

0.10

0.33

0.07

0.25

0.11

26.37

0.04

0.13

NA

NA

NA

NA

0.01

0.03

NA

NA

0.02

0.12

0.00

0.00

0.00

0.00

-47.38

-51.77

NA

NA

NA

NA

0.00

0.00

NA

NA

0.00

23 NBG INSURANCE

TOTAL TOP 10
TOTAL

27.24

0.43

1.55

0.22

0.77

0.26

0.93

156.36

529.51

98.49

351.02

58.77

45.52

18.23

61.74

7.79

27.77

69.35

234.86

34.45

122.78

94.28

165.85

561.63

103.85

370.15

59.69

46.37

21.06

71.32

9.49

33.83

74.05

250.78

37.48

133.57

100.00

*estimation.

MOTOR TPL INSURANCE CLASS Q1 2007

No.

Company

NONAUDITED DATA Source: insurance compnies statements

Weight in
Nominal
Real
Market
GROSS WRITTEN PREMIUM
PREMIUMS CEDED IN REINSURANCE
PAID CLAIMS
the own
change in change in
share Q1
insurance
Q1 2007
Q1 2006
Q1 2007
Q1 2006
Q1 2007
Q1 2006
EUR
RON
2007
portfolio
%
EUR m. RON m. EUR m. RON m.
%
%
EUR m. RON m. EUR m. RON m. EUR m. RON m. EUR m. RON m.
%

1 ASIROM

51.54

33.20

112.43

27.56

98.22

20.48

10.43

0.40

1.36

NA

NA

7.82

26.48

NA

NA

17.43

2 OMNIASIG

45.90

27.02

91.52

17.44

62.16

54.96

42.03

0.95

3.23

0.51

1.83

5.84

19.79

6.65

23.72

14.19

3 UNITA

54.33

24.45

82.79

13.32

47.46

83.59

68.28

0.49

1.66

0.26

0.93

5.67

19.20

4.93

17.59

12.83

4 ALLIANZ-IRIAC

21.37

20.91

70.81

15.38

54.80

35.98

24.64

NA

NA

NA

NA

NA

NA

NA

NA

10.98

5 ASTRA UNIQA*

58.97

20.90

70.76

22.04

78.57

- 5.21

- 13.11

NA

NA

NA

NA

NA

NA

5.06

18.02

10.97

6 BCR ASIGURARI

28.82

18.73

63.43

3.92

13.96

378.17

338.29

0.08

0.27

0.02

0.06

2.24

7.59

1.00

3.55

9.83

7 ARDAF

61.06

9.67

32.76

15.71

56.00

- 38.43

- 43.56

0.99

3.36

0.52

1.87

8.87

30.03

4.70

16.76

5.08

8 ASIBAN

21.99

9.02

30.54

9.46

33.73

- 4.70

- 12.65

0.14

0.48

0.08

0.28

4.09

13.86

2.20

7.84

4.73

9 CARPATICA ASIG

67.17

8.44

28.57

5.91

21.07

42.68

30.78

0.37

1.24

0.37

1.32

2.24

7.59

1.55

5.51

4.43

10 BT ASIGURRI

29.80

6.43

21.77

6.53

23.29

- 1.60

- 9.81

0.17

0.57

0.17

0.61

5.58

18.90

1.53

5.45

3.38

11 ASITRANS

60.87

5.07

17.16

5.55

19.80

- 8.75

- 16.36

0.11

0.37

0.00

0.00

1.55

5.25

0.16

0.58

2.66

12 GENERALI

12.94

3.81

12.90

1.40

5.00

171.39

148.76

0.03

0.10

NA

NA

0.91

3.08

0.09

0.33

2.00

13 INTERAMERICAN

21.84

1.36

4.62

0.89

3.16

53.69

40.87

0.04

0.14

NA

NA

0.33

1.13

0.40

1.44

0.72

14 OTP Garancia Asigurri

56.13

0.84

2.84

0.63

2.25

32.63

21.57

NA

NA

NA

NA

0.30

1.01

0.30

1.06

0.44

15 ABC ASIGURRI

59.13

0.65

2.20

0.60

2.12

8.89

- 0.19

0.02

0.07

0.03

0.09

0.16

0.55

0.06

0.22

0.34

16 RAI

0.66

0.01

0.03

0.00

17 GARANTA

0.00

0.00

0.00

0.00

0.00

0.00

178.77

605.37

137.27

489.25

30.23

19.37

3.60

12.19

1.94

6.90

42.36

143.44

27.62

98.45

93.84

TOTAL

31.29

190.51

645.13

146.35

521.59

30.17

19.32

3.80

12.87

1.96

6.99

45.62

154.47

28.64

102.08

100.00

*estimation.

www.insuranceprole.ro

59

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

PROPERTY INSURANCE Q1 2007: FIRE AND ALLIED PERILS INSURANCE AND DAMAGES TO PROPERTY INSURANCE INCLUDED
NONAUDITED DATA Source: insurance compnies statements

No.

Company

Weight in
the own
insurance
portfolio
%

GROSS WRITTEN PREMIUM

Q1 2007

Nominal Real
change in change in
EUR
RON

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

PREMIUMS CEDED IN REINSURANCE

Q1 2007

PAID CLAIMS

Q1 2006

Q1 2007

Market
share Q1
2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 AIG ROMANIA

93.43

17.33

58.68

2.64

9.39

557.42

502.58

17.31

58.60

12.98

46.28

0.09

0.32

0.95

3.39

23.22

2 ALLIANZ-IRIAC

15.21

14.89

50.42

11.10

39.56

34.14

22.95

NA

NA

NA

NA

NA

NA

NA

NA

19.95

3 UNITA

15.26

6.87

23.26

5.34

19.04

28.54

17.82

5.90

19.99

4.78

17.03

0.20

0.69

0.07

0.24

9.20

4 OMNIASIG

10.45

6.15

20.83

4.34

15.48

41.62

29.81

4.69

15.87

5.40

19.24

0.03

0.09

0.48

1.72

8.24

5 ASIROM

8.29

5.34

18.08

4.01

14.28

33.25

22.14

1.96

6.65

NA

NA

0.43

1.46

NA

NA

7.15

6 ASITO KAPITAL

71.75

4.92

16.68

4.92

17.54

0.04

-8.30

4.83

16.35

4.76

16.97

0.04

0.13

1.03

3.68

6.60

7 GENERALI

15.50

4.56

15.46

2.91

10.36

57.08

43.98

2.10

7.09

2.21

7.87

0.13

0.43

0.13

0.46

6.11

8 BCR ASIGURARI

6.25

4.06

13.76

2.33

8.31

74.27

59.73

2.37

8.04

2.11

7.53

0.17

0.59

0.07

0.27

5.45

9 ASIBAN

7.26

2.98

10.08

2.05

7.30

45.33

33.21

1.94

6.58

1.48

5.29

0.32

1.09

0.32

1.15

3.99

10 BT ASIGURRI

8.19

1.77

5.98

1.03

3.65

72.30

57.93

0.37

1.25

0.32

1.12

0.16

0.53

0.10

0.36

2.37

11 ASTRA UNIQA*

4.02

1.42

4.82

1.50

5.34

-4.95

-12.87

NA

NA

NA

NA

NA

NA

0.24

0.84

1.91

12 GARANTA

17.46

1.10

3.71

0.57

2.05

90.49

74.60

0.77

2.60

0.47

1.68

0.06

0.21

0.01

0.02

1.47

13 ARDAF

5.32

0.84

2.85

1.06

3.78

-20.46

-27.10

0.27

0.91

0.43

1.53

0.15

0.49

0.12

0.43

1.13

14 INTERAMERICAN

7.87

0.49

1.67

0.47

1.69

3.63

-5.01

0.45

1.52

0.33

1.16

0.07

0.24

0.03

0.11

0.66

15 CARPATICA ASIG

3.55

0.45

1.51

0.26

0.92

73.48

59.01

0.32

1.09

0.13

0.47

0.15

0.52

0.01

0.05

0.60

16 AGRAS

100.00

0.35

1.20

0.15

0.52

141.68

121.52

0.07

0.24

0.04

0.14

0.22

0.75

0.02

0.07

0.47

17 OTP Garancia Asigurri

16.57

0.25

0.84

0.06

0.23

288.31

255.93

NA

NA

0.02

0.05

0.00

0.01

0.00

0.00

0.33

18 DELTA ADDENDUM

43.20

0.20

0.68

0.09

0.34

112.06

94.37

0.02

0.07

0.00

0.00

0.01

0.04

0.00

0.00

0.27

19 ASITRANS

2.33

0.19

0.66

0.08

0.27

154.67

133.43

0.11

0.38

0.07

0.25

0.01

0.02

NA

NA

0.26

20 ABC ASIGURRI

9.46

0.10

0.35

0.04

0.13

190.24

166.03

0.01

0.04

0.05

0.17

0.00

0.00

0.00

0.01

0.14

21 NBG INSURANCE

100.00

0.10

0.34

0.29

1.04

-65.74

-68.60

NA

NA

0.24

0.84

NA

NA

0.03

0.12

0.13

91.55

0.09

0.29

0.05

0.19

64.92

51.16

0.02

0.08

0.02

0.05

0.00

0.01

0.01

0.05

0.12

23 RAI

4.90

0.07

0.24

0.06

0.20

26.38

15.84

0.09

0.30

0.06

0.20

0.00

0.01

0.00

0.01

0.09

24 EUROASIG

9.59

0.05

0.17

0.03

0.10

91.69

75.70

0.00

0.00

0.00

0.01

0.00

0.00

0.00

0.00

0.07

79.11

0.05

0.17

0.05

0.17

0.07

6.30

0.01

0.03

0.00

0.01

351.71

314.03

0.01

68.87

233.23

40.66

144.92

69.38

55.25

41.47

140.43

34.04

121.32

1.57

5.32

3.16

11.28

92.27

74.64

252.76

45.37

161.71

64.50

50.78

43.66

147.84

35.88

127.90

2.25

7.63

3.65

13.00

100.00

22 IRASIG

25 ATE Insurance
26 CERTASIG
TOTAL TOP 10
TOTAL

12.26

October 1st - 2nd, 2007

The 4th Edition of

The International CAtastrophic Risks Forum

60

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q2007

CREDIT AND WARRANTIES INSURANCE Q1 2007

No.

Company

Weight in
the own
insurance
portfolio
%

NONAUDITED DATA Source: insurance compnies statements

GROSS WRITTEN PREMIUM

Q1 2007

Nominal Real
change in change in
EUR
RON

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

PREMIUMS CEDED IN REINSURANCE

Q1 2007

PAID CLAIMS

Q1 2006

Q1 2007

Market
share Q1
2007

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

1 BCR ASIGURARI

41.65

27.07

91.67

9.35

33.31

189.67

165.51

25.62

86.76

8.72

31.09

29.87

101.16

7.00

24.94

63.34

2 ASIBAN

12.30

5.04

17.08

3.38

12.05

49.17

36.73

6.20

20.98

1.90

6.78

6.08

20.60

3.93

14.00

11.80

3 GARANTA

60.33

3.78

12.82

1.78

6.33

113.04

95.27

3.56

12.05

1.65

5.87

4.54

15.38

2.20

7.86

8.86

4 OMNIASIG

5.66

3.33

11.28

1.73

6.18

92.13

76.10

0.04

0.13

0.64

2.27

-2.81

-9.50

1.96

6.97

7.80

5 ALLIANZ-IRIAC

1.38

1.35

4.57

0.66

2.35

104.86

87.78

NA

NA

NA

NA

NA

NA

NA

NA

3.16

6 BT ASIGURRI

4.90

1.06

3.58

0.54

1.92

95.80

79.47

NA

NA

NA

NA

0.16

0.54

0.16

0.57

2.47

7 ASIROM

0.82

0.53

1.80

0.13

0.46

308.68

274.59

NA

NA

NA

NA

0.01

0.02

NA

NA

1.24

8 GENERALI

0.81

0.24

0.81

0.21

0.74

15.92

6.26

0.18

0.61

0.00

0.01

0.10

0.35

0.14

0.50

0.56

9 CARPATICA ASIG

1.39

0.17

0.59

0.07

0.26

141.75

121.58

NA

NA

NA

NA

0.12

0.42

0.01

0.03

0.41

10 UNITA

0.19

0.09

0.29

0.06

0.20

54.38

41.50

NA

NA

NA

NA

NA

NA

NA

NA

0.20

11 ARDAF

0.20

0.03

0.11

0.04

0.13

-11.59

-18.97

NA

NA

NA

NA

0.00

0.01

0.00

0.01

0.08

12 ASTRA UNIQA*

0.07

0.03

0.09

0.03

0.10

-5.21

-13.11

NA

NA

NA

NA

NA

NA

0.00

0.01

0.06

13 ASITRANS

0.14

0.01

0.04

0.01

0.02

107.44

90.14

NA

NA

NA

NA

NA

NA

NA

NA

0.03

14 EUROASIG

0.22

0.00

0.00

0.00

0.00

264.18

233.81

NA

NA

NA

NA

NA

NA

NA

NA

0.00

15 RAI

0.06

0.00

0.00

0.01

0.02

-84.96

-86.22

NA

NA

NA

NA

NA

NA

NA

NA

0.00

16 DELTA ADDENDUM

0.06

0.00

0.00

0.00

0.01

-92.48

-93.11

NA

NA

0.05

0.18

0.00

0.01

0.05

0.18

0.00

17 NBG INSURANCE

0.05

0.18

0.10

0.36

18 OTP Garancia Asigurri

0.01

0.04

42.66

144.48

17.90

63.79

138.37

118.49

35.59

120.53

12.91

46.02

38.09

128.99

15.39

54.86

99.83

42.74

144.72

18.04

64.29

136.91

117.15

35.59

120.53

12.96

46.19

38.10

129.01

15.55

55.41

100.00

TOTAL TOP 10
7.02

TOTAL
*estimation

TRAVEL INSURANCE Q1 2007

No.

Company

Weight in
the own
insurance
portfolio
%

NONAUDITED DATA Source: insurance compnies statements

GROSS WRITTEN PREMIUM
Q1 2007

Nominal Real
change in change in
EUR
RON

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

48.46

0.70

2.36

0.59

2.12

16.97

0.57

0.34

1.14

0.34

1.22

-1.70

3 BT ASIGURRI

1.19

0.26

0.87

4 CITY Insurance

96.94

0.24

0.82

0.20

0.72

20.28

10.25

5 ASITRANS

2.00

0.17

0.57

0.16

0.59

1.15

-7.29

6 GENERALI

0.46

0.14

0.46

1 RAI
2 OMNIASIG

7 BCR ASIGURARI

PREMIUMS CEDDED IN REINSURANCE

Q1 2007

PAID CLAIMS

Q1 2006

EUR m.

RON m.

7.21

NA

NA

-9.90

NA

NA

NA

NA

0.01

0.03

NA
NA

EUR m.

Q1 2007

Market
share Q1
2007

Q1 2006

RON m.

EUR m.

RON m.

EUR m.

RON m.

NA

NA

0.15

0.49

0.06

0.21

30.52

0.01

0.02

0.05

0.16

0.08

0.30

14.74

NA

NA

0.08

0.29

NA

NA

11.28

NA

NA

0.04

0.12

0.02

0.07

10.68

NA

NA

NA

0.03

0.11

0.00

0.00

7.32

NA

NA

NA

0.07

0.23

NA

NA

6.00

0.15

0.10

0.33

0.05

0.19

86.60

71.04

0.00

0.01

0.01

0.04

0.01

0.03

4.29

8 EUROASIG

15.21

0.08

0.28

0.03

0.10

188.09

164.06

0.00

0.01

0.00

0.00

3.60

9 CERTASIG

52.49

0.07

0.25

0.03

0.11

148.62

127.88

0.00

0.00

NA

NA

3.25

10 ASIBAN

0.16

0.07

0.22

0.05

0.16

44.84

32.76

0.01

0.04

0.01

0.05

0.00

0.01

0.00

0.00

2.89

11 ABC ASIGURRI

5.07

0.06

0.19

0.01

0.03

567.08

511.44

0.00

0.00

0.00

0.01

0.00

0.01

2.44

12 OTP Garancia Asigurri

2.63

0.04

0.13

0.03

0.12

13.43

3.97

0.01

0.04

0.00

0.01

1.72

13 DELTA ADDENDUM

6.06

0.03

0.10

0.00

0.02

566.57

510.97

0.01

0.03

NA

NA

1.23

14 ASITO KAPITAL

0.01

0.00

0.00

NA

NA

0.03

0.02

0.06

0.01

0.02

0.00

0.00

2.16

7.30

1.46

5.20

47.64

35.33

0.02

0.07

0.02

0.08

0.43

1.46

0.17

0.61

94.58

2.28

7.72

1.52

5.43

49.58

37.11

0.02

0.07

0.03

0.10

0.45

1.53

0.18

0.63

100.00

15 INTERAMERICAN
TOTAL TOP 10
TOTAL

0.37

62

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

HEALTH INSURANCE Q1 2007

No.

Company

Weight in
the own
insurance
portfolio

NONAUDITED DATA Source: insurance compnies statements

GROSS WRITTEN PREMIUM
Q1 2007

Nominal Real
change in change in
EUR
RON

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

0.58

1.98

2 INTERAMERICAN

7.04

0.44

1.49

0.18

0.66

138.06

118.21

3 ING Asig. de Via

0.87

0.30

1.01

0.36

1.28

-16.41

-23.38

4 ASTRA UNIQA*

0.78

0.28

0.94

0.29

1.04

-5.21

-13.11

5 ARDAF

1.11

0.18

0.60

0.21

0.76

-17.34

-24.23

6 ASIROM

0.24

0.15

0.52

0.27

0.95

-42.17

7 UNITA

0.28

0.13

0.43

0.10

0.35

31.56

8 OMNIASIG LIFE

2.31

0.09

0.29

9 GARANTA

0.10

0.01

0.02

0.01

0.02

6.07

-2.77

0.00

0.00

10 RAI

0.16

0.00

0.01

0.02

0.06

-84.96

-86.22

11 ASITRANS

0.01

0.00

0.00

0.00

0.00

627.09

566.45

12 ASIBAN

0.00

0.00

0.00

0.00

0.00

-37.90

-43.08

0.18

0.65

0.35

2.15

7.29

1.61

5.75

33.42

22.29

0.00

No.

Company

Q1 2006

RON m.

EUR m.

RON m.

EUR m.

RON m.

EUR m.

RON m.

NA

NA

NA

NA

NA

NA

NA

NA

27.14

NA

NA

NA

NA

0.08

0.28

0.01

0.03

20.41

0.00

0.01

0.11

0.36

0.11

0.37

13.90

0.11

0.38

12.84

0.14

0.49

0.10

0.34

8.17

-46.99

0.00

0.01

7.13

20.58

0.03

0.11

0.02

0.05

5.94

0.00

0.01

4.00

0.00

0.00

0.00

0.00

0.00

0.00

0.28

0.00

0.00

0.11

0.06

0.03

0.01

0.02

0.02

0.00

0.00

0.37

1.27

0.34

1.20

100.00

NONAUDITED DATA Source: insurance compnies statements

GROSS WRITTEN PREMIUM
Q1 2007

Q1 2007

Market
share Q1
2007

EUR m.

LIABILITY INSURANCE Q1 2007

Weight in
the own
insurance
portfolio

PAID CLAIMS

Q1 2006

0.60

TOTAL

Q1 2007

1 ALLIANZ-IRIAC

13 BT ASIGURRI

PREMIUMS CEDED IN REINSURANCE

Nominal Real
change in change in
EUR
RON

Q1 2006

EUR m.

RON m.

EUR m.

RON m.

PREMIUMS CEDED IN REINSURANCE

Q1 2007
EUR m.

PAID CLAIMS

Q1 2006

Q1 2007

RON m.

EUR m.

RON m.

EUR m.

Market
share Q1
2007

Q1 2006

RON m.

EUR m.

RON m.

1 ALLIANZ-IRIAC

2.18

2.13

7.23

1.11

3.97

91.41

75.45

NA

NA

NA

NA

NA

NA

NA

NA

23.65

2 ASIROM

1.43

0.92

3.12

0.69

2.46

33.26

22.15

0.25

0.83

NA

NA

0.07

0.24

NA

NA

10.20

3 ASTRA UNIQA*

2.59

0.92

3.11

0.97

3.46

- 5.21

-13.11

NA

NA

NA

NA

NA

NA

0.08

0.29

10.19

4 OMNIASIG

1.45

0.85

2.89

1.42

5.05

-39.71

- 44.74

0.29

1.00

1.49

5.31

0.01

0.03

0.03

0.11

9.46

5 AIG ROMANIA

4.51

0.84

2.83

1.10

3.94

- 24.26

-30.58

0.76

2.56

1.00

3.55

0.00

0.01

9.27

6 GENERALI

2.48

0.73

2.47

0.46

1.63

59.57

46.26

0.26

0.89

0.17

0.60

0.01

0.03

0.01

0.02

8.10

7 ASIBAN

1.52

0.62

2.11

0.56

2.01

10.35

1.14

0.33

1.13

0.24

0.85

0.01

0.03

0.02

0.08

6.89

8 BCR ASIGURARI

0.59

0.38

1.30

0.15

0.52

161.72

139.89

0.28

0.93

0.05

0.17

0.04

0.14

0.00

0.00

4.26

9 ASITO KAPITAL

4.38

0.30

1.02

0.06

0.22

382.15

341.93

0.29

0.97

0.03

0.11

NA

NA

NA

NA

3.33

10 UNITA

0.66

0.30

1.01

0.06

0.21

403.66

361.65

0.21

0.72

0.03

0.11

0.00

0.01

0.00

0.00

3.31

11 ARDAF

1.19

0.19

0.64

0.24

0.86

- 22.25

-28.73

NA

NA

NA

NA

0.00

0.02

0.01

0.03

2.09

12 BT ASIGURRI

0.84

0.18

0.61

0.14

0.51

25.91

15.41

0.03

0.09

0.01

0.03

0.01

0.03

0.01

0.03

2.01

13 CARPATICA ASIG

1.37

0.17

0.58

0.09

0.34

81.61

66.46

NA

NA

NA

NA

0.00

0.00

0.00

0.00

1.90

14 ASITRANS

1.84

0.15

0.52

0.25

0.91

- 39.59

-44.63

0.06

0.22

0.17

0.61

0.00

0.00

NA

NA

1.70

15 INTERAMERICAN

1.39

0.09

0.29

0.06

0.20

53.62

40.81

0.06

0.19

0.05

0.17

NA

NA

NA

NA

0.96

16 EUROASIG

11.27

0.06

0.21

0.03

0.10

109.13

91.69

NA

NA

NA

NA

NA

NA

NA

NA

0.67

17 OTP Garancia Asigurri

3.36

0.05

0.17

0.04

0.15

20.97

10.88

NA

NA

NA

NA

0.00

0.01

0.00

0.01

0.56

18 GARANTA

0.58

0.04

0.12

0.08

0.27

- 52.74

-56.68

0.03

0.10

0.05

0.18

0.00

0.00

NA

NA

0.40

19 ABC ASIGURRI

2.93

0.03

0.11

0.00

0.01

872.35

791.25

0.00

0.00

0.00

0.02

NA

NA

NA

NA

0.36

20 CERTASIG

14.59

0.02

0.07

0.00

0.01

815.96

739.56

NA

NA

NA

NA

NA

NA

NA

NA

0.23

21 DELTA ADDENDUM

3.70

0.02

0.06

0.01

0.02

190.68

166.44

NA

NA

0.00

0.00

0.00

0.00

0.00

0.00

0.19

22 RAI

0.86

0.01

0.04

0.01

0.02

110.49

92.94

0.00

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.14

23 ATE Insurance

8.13

0.01

0.02

0.01

0.02

24 IRASIG

5.37

0.01

0.02

0.03

0.12

- 85.08

-86.33

0.01

0.03

0.06

25 NBG INSURANCE

0.02

0.08

0.02

0.06

26 CITY Insurance

0.02

0.08

8.00

27.09

6.58

23.47

21.47

11.34

2.66

9.02

3.01

10.71

0.14

0.49

0.14

0.51

88.67

1.48

9.02

30.55

7.62

27.16

18.37

8.50

2.85

9.66

3.32

11.82

0.17

0.56

0.16

0.58

100.00

TOTAL TOP 10
TOTAL

www.insuranceprole.ro

63

0.06

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

Insurance companies portfolios structure in 1Q2007

NON-LIFE

TOTAL

LIFE INSURANCE, ANNUITIES AND

SUPPLEMENTARY INSURANCE

MARRIAGE INSURANCE, BIRTH INSURANCE

LIFE INSURANCE AND ANNUITIES RELATED TO

INVESTMENT FUNDS

PERMANENT HEALTH INSURANCE

TOTAL non-life

TOTAL

FIRE AND ALLIED PERILS

DAMAGES TO PROPERTY

TOTAL

MOTOR HULL

MOTOR THIRD PART LIABILITY

ACCIDENTS AND ILLNESS INSURANCE

HEALTH INSURANCE

RAIL TRANSPORT MEANS INSURANCE, AIRCRAFT

INSURANCE, SHIPS INSURANCE (OCEAN, INLAND)ADDED UP

GOODS IN TRANSIT INSURANCE INCLUDING CARGO,

BAGGAGE AND ANY OTHER GOODS TRANSPORTATION

CREDIT AND WARRANTIES INSURANCE

FINANCIAL LOSS INSURANCE

ASSISTANCE OF THE PERSONS IN DIFFICULTY INSURANCE

LIABILITY INSURANCE

OTHERS

LIFE INSURANCE

PROPERTY

No.

Company

1 ABC ASIGURRI

- 100.00

2 AGRAS

- 100.00 100.00

100.00

- 100.00

93.43

7.14

86.29

0.79

0.38

4.51

5 ALLIANZ-IRIAC

8.53

1.88

6.65

91.47

15.21

13.15

2.07

67.39

46.03

21.37

0.80

0.60

0.97

1.41

1.38

2.18 1.53

6 ARDAF

1.71

1.50 0.07

0.14

98.29

5.32

5.02

0.30

82.44

21.38

61.06

0.62

1.11

6.49

0.32

0.20

1.19

7 ASIBAN

13.76

13.76

86.24

7.26

7.01

0.24

63.30

41.32

21.99

0.48

0.00

0.54

0.39

12.30

0.16

1.52 0.28

8 ASIROM

11.83

11.83

88.17

8.29

7.52

0.77

75.43

23.89

51.54

1.34

0.24

0.38

0.15

0.82

1.43 0.01

- 100.00

71.75

71.75

2.55

2.55

18.11

0.00

3.20

0.01

4.38

- 100.00

2.33

2.26

0.08

92.82

31.95

60.87

0.57

0.01

0.00

0.28

0.14

2.00

1.84

0.33

99.67

4.02

4.01

0.01

70.98

12.01

58.97

12.14

0.78

3.16

5.42

0.07

2.59 0.14

- 100.00

79.11

56.95

22.17

12.76

8.13

13 AVIVA

100.00

44.93

55.07

14 BCR Asig. de Via

100.00 100.00

3 AIG LIFE
4 AIG ROMANIA

9 ASITO KAPITAL
10 ASITRANS
11 ASTRA UNIQA*
12 ATE Insurance

9.46

9.46

MOTOR

78.74

19.61

59.13

3.23

0.57

5.07

2.93

- 100.00

- 100.00

6.25

5.28

0.97

50.58

21.77

28.82

0.31

0.21

0.23

41.65

0.15

0.59 0.02

2.88

2.88

97.12

8.19

8.12

0.07

79.72

49.91

29.80

0.25

0.12

4.90

1.19

0.84

17 CARPATICA ASIG

- 100.00

3.55

3.54

0.00

87.96

20.78

67.17

5.70

0.04

1.39

18 CERTASIG

- 100.00

6.30

6.30

26.37

26.37

0.05

0.20

52.49 14.59

19 CITY Insurance

- 100.00

0.12

0.12

0.24

2.71

96.94

- 100.00

43.20

43.20

45.88

45.88

0.26

0.26

0.06

6.06

3.70

100.00 100.00

9.59

9.47

0.12

59.42

59.42

0.99

3.25

0.05

0.22

15.21 11.27

0.00 (11.36)

0.10

0.01

2.33

60.33

15 BCR ASIGURARI
16 BT ASIGURRI

20 DELTA ADDENDUM
21 DELTA ASIGURRI

1.37 0.00
-

- 0.00

22 EUROASIG

- 100.00

23 GARANTA

9.97

9.97

90.03

17.46

17.09

0.37

18.56

18.56

24 GENERALI

14.97

10.30

0.97 3.70

85.03

15.50

12.17

3.34

64.39

51.45

12.94

0.89

0.01

0.49

0.81

0.46

2.48

25 GRAWE

99.55

99.10

- 0.46

0.45

0.45

26 ING Asig. de Via

99.06

33.98

65.08

0.94

0.07

0.87

27 INTERAMERICAN

40.53

35.75

4.78

59.47

7.87

7.87

41.14

19.30

21.84

2.06

7.04

- (0.03)

1.39

28 IRASIG

- 100.00

91.55

83.10

8.45

3.08

5.37 0.00

29 NBG INSURANCE

- 100.00 100.00

- 100.00

30 OMNIASIG

- 100.00

31 OMNIASIG LIFE

97.69

97.69

32 OTP Garancia

0.58 0.00

- 0.00

10.45

10.33

0.12

77.01

31.11

45.90

2.82

0.16

1.49

5.66

0.57

1.45 0.37

2.31

2.31

3.36

1.23

1.23

98.77

16.57

16.57

74.67

18.54

56.13

0.39

0.55

2.63

33 RAI

- 100.00

4.90

4.90

42.94

42.28

0.66

0.99

0.16

0.45

0.06

48.46

0.86 0.06

34 UNITA

- 100.00

15.26

15.26

83.15

28.82

54.33

0.21

0.28

0.24

0.19

0.66 0.00

TOTAL

16.32

12.26

8.83

3.43

58.52

27.24

31.29

1.67

0.35

0.63

0.89

7.02

0.37

1.48 0.29

8.37 0.00

5.35 0.18

83.68

64

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

ROMANIAN INSURANCE MEDIATION MARKET

1Q 2007
Mediated premium - Q1 2007

NONAUDITED DATA Source: insurance compnies statements

LIFE AND NON-LIFE INSURANCE

No.

Q1 2007

Company
EUR m.

1 PORSCHE Broker

Nominal change Real change in Market share Q1

in EUR
RON
2007

Q1 2006
RON m.

EUR m.

RON m.

11.13

37.68

3.57

12.58

211.72

188.93

11.71

2 MARSH*

7.56

25.60

7.09

25.00

6.58

-1.22

7.96

3 AON Romania

6.47

21.90

NA

NA

6.81

4 VBL

5.02

16.99

2.62

9.23

91.54

77.54

5.28

5 GRAS SAVOYE

4.39

14.86

NA

NA

4.62

6 EURIAL

3.68

12.46

2.72

9.58

35.35

25.45

3.87

7 FINANS

1.89

6.39

0.89

3.15

111.11

95.68

1.99

8 Total Advisor

1.64

5.55

0.51

1.79

222.78

199.18

1.73

9 FORUM

1.52

5.16

1.81

6.38

- 15.89

- 22.04

1.60

10 ASIGEST

1.37

4.63

2.87

10.10

- 52.33

- 55.82

1.44

11 SAFETY

1.28

4.35

0.62

2.18

107.44

92.28

1.35

12 MAXIGO

1.21

4.09

0.39

1.36

213.24

190.34

1.27

13 LONDON BROKERS

1.18

3.99

0.69

2.42

71.60

59.06

1.24

14 PSG

0.95

3.21

NA

NA

1.00

15 ZURICH BROKER

0.63

2.13

NA

NA

0.66

16 INTERCAM

0.59

2.00

0.55

1.93

7.85

-0.03

0.62

17 HIS INSURANCE

0.59

1.99

NA

NA

0.62

18 SRBA

0.52

1.77

0.36

1.27

44.82

34.23

0.55

19 PIRAEUS INSURANCE

0.49

1.65

NA

NA

0.51

20 ASTOP

0.45

1.53

0.54

1.92

- 17.12

- 23.18

0.48

21 ALPHA INSURANCE

0.43

1.44

NA

NA

0.45

22 NB

0.43

1.44

0.31

1.11

34.99

25.12

0.45

23 UNIPET

0.41

1.38

0.25

0.87

65.41

53.32

0.43

24 ORIZONT BROKER

0.33

1.12

NA

NA

0.35

25 ASICONS

0.29

0.99

0.16

0.56

84.45

70.97

0.31

26 FEHU

0.22

0.75

NA

NA

0.23

27 EUROGROUP INSURANCE

0.20

0.67

0.25

0.88

- 20.51

- 26.32

0.21

28 ROMASIG

0.14

0.48

0.10

0.34

45.56

34.92

0.15

29 IRECSON

0.14

0.46

0.02

0.08

504.72

460.51

0.14

30 NORD BROKER

0.13

0.46

0.30

1.05

- 54.84

- 58.14

0.14

31 SILGA

0.10

0.32

0.15

0.53

- 36.46

- 41.11

0.10

TOTAL COMPANIES SHOWN ABOVE

55.34

187.42

26.76

94.31

52.71

41.54

58.26

TOTAL MARKET*

95.00

321.71

*estimation.

Loss adjusters - Financial indicators 1Q 2007*

Real
Nominal
change in change in
EUR
RON

Paid claims
Company

AVUS
INTERFIDES

1Q 2007

1Q 2006

EUR m.

RON m.

EUR m.

RON m.

0.81

2.74

0.59

NA

NA

NA

2.10

37.32

NA

NA

Real Loss adjusting income

Nominal
change in change in
1Q 2007
EUR
RON

Administration fee
1Q 2007

1Q 2006

EUR m.

RON m.

EUR m.

RON m.

25.87

0.16

0.55

0.13

NA

NA

NA

NA

0.45

28.40

NA

NA

Total income
1Q 2007

EUR m.

RON m.

EUR m.

RON m.

17.69

0.18

0.62

0.18

0.65

NA

0.06

0.21

0.06

0.21

IMPORTANT NOTE: * The table shows only the companies that provided gures to our inquiry.
www.insuranceprole.ro

65

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

Q1 2007 INCOME (RON m.)

No.

COMPANY

NONAUDITED DATA Source: insurance compnies statements

from insurance
brokerage activity total, out of which:

Incomes from
insurance and
reinsurance
contracts
negotiation

Incomes from Incomes from Incomes from Incomes from

risk inspections loss settlements average agent other activities
in connection
with the object
of activity

1 ALPHA INSURANCE

0.90

0.60

0.30

2 AON Romania

2.71

2.50

0.20

3 ASICONS

0.41

0.41

4 ASIGEST

0.78

5 ASTOP

0.49

0.30

0.15

0.04

6 AVUS

0.62

0.62

7 EURIAL

3.98

3.98

8 EUROGROUP INSURANCE

0.16

0.16

0.00

10 FINANS BROKER

1.03

1.03

11 FORUM INSURANCE

0.86

0.86

12 GRAS SAVOYE ROMANIA

1.04

0.96

0.08

14 INTERCAM

0.12

0.12

15 INTERFIDES

0.21

0.21

16 IRECSON

0.09

0.09

0.01

17 LONDON

1.85

1.53

0.33

18 MARSH*

2.97

2.97

19 MAXIGO

1.65

1.56

0.09

20 NB

0.00

0.00

21 NORD BROKER

0.34

0.34

0.00

22 ORIZONT BROKER

0.08

0.08

23 PIRAEUS INSURANCE

0.10

0.10

24 PORSCHE Broker

5.42

5.42

25 PSG

0.43

0.43

26 ROMASIG

0.29

0.29

27 SAFETY BROKER

1.80

1.75

0.05

28 SILGA

0.50

0.50

29 SRBA

0.95

0.95

0.00

30 TOTAL ADVISOR

1.79

1.79

0.00

31 UNIPET

0.71

0.71

32 ZURICH BROKER

0.12

0.12

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66

Insurance PROFILE Review - industry quarterly

ROMANIAN INSURANCE MARKET 1Q 2007

OTHER COMPANY

UNITA

RAI

OMNIASIG

INTERAMERICAN

GENERALI

GARANTA

BT Asigurri

BCR Asigurri

ASTRA

ASITRANS

ASIROM

ASIBAN

ARDAF

AIG Romania

AIG Life

COMPANY

ALLIANZ-IRIAC

PORTFOLIO OF MEDIATED PREMIUMS THROUGH THE COMPANIES THAT HAVE SUBSCRIBED THE RISKS*

1 ASICONS

6.00

4.00

31.00

1.00

52.00

6.00

2 ASTOP

1.00

4.00

16.00

6.00

3.00

3.00

1.00

4.00

8.00

1.00

49.00

4.00

3 EURIAL

30.00

5.00

30.00

10.00

4.00

1.00

20.00

4 EUROGROUP INSURANCE

3.07

15.02

13.04

0.10

14.47

8.72

19.17

0.04

21.17

5.19

5 FEHU

0.04

0.49

0.20

99.13

0.13

0.01

6 FINANS BROKER**

12.10

5.71

10.74

2.99

38.20

30.26

7 FORUM

41.56

1.61

4.92

1.08

1.88

24.35

24.24

0.36

8 GRAS SAVOYE

7.00

54.00

3.00

1.00

0.50

5.00

17.00

12.00

0.50

9 HIS

0.21

0.05

0.41

18.88

80.45

1.00

1.00

12.00

12.00

13.00

1.00

15.00

10.00

5.00

12.00

5.00

10.00

3.00

11 LONDON

13.08

31.29

3.77

0.72

2.59

0.05

0.18

40.29

1.39

5.31

1.33

12 MAXIGO

8.11

3.85

0.84

3.39

0.19

3.46

65.25

1.03

0.28

1.19

11.08

1.33

13 NB

25.00

5.00

2.00

2.00

1.00

30.00

35.00

14 NORD BROKER

12.36

0.10

24.27

0.99

44.32

8.92

0.20

0.46

8.33

0.05

15 ORIZONT BROKER

4.92

10.11

0.05

0.81

0.22

2.51

28.50

2.63

0.45

1.71

46.51

1.58

16 PIRAEUS INSURANCE

39.44

1.00

6.57

0.05

3.14

46.80

3.00

17 PORSCHE Broker

0.43

0.10

0.46

0.00

0.00

18 PSG

40.00

5.00

13.00

2.00

37.00

0.50

2.00

0.50

0.19

1.36

0.04

12.60

22.59

1.02

0.46

35.79

0.65

0.65

0.47

8.47

0.16

10.97

4.58

20 SAFETY BROKER

10.00

1.00

0.10

3.00

12.00

38.00

3.00

1.00

31.90

21 SILGA

0.20

41.00

38.00

2.00

6.30

11.06

1.44

10 INTERCAM

19 ROMASIG

22 SRBA

13.44

5.89

16.44

2.02

3.11

0.71

0.36

1.87

0.04

1.61

0.23

54.28

31.10

38.00

9.20

6.20

6.60

5.10

1.45

1.02

0.60

0.03

0.03

0.01

0.66

24 UNIPET

15.12

1.42

36.79

0.12

0.33

31.64

0.09

11.40

1.51

1.58

25 VBL

78.41

0.13

0.14

0.02

14.75

0.50

6.05

26 ZURICH BROKER

11.19

15.14

20.33

34.39

12.21

6.74

23 TOTAL ADVISOR

LEGEND

<5%

5 - 15%

15 - 25%

25 - 35%

35 - 45%

>45%

Non-specified

*The table above is based only on gures from the brokers that have supplied answers to our inquiry;
*This company has nominated the companies that have subscribed the risks for non-life insurance. More than 99% of the mediated premiums for life insurance have been subscribed through ASIBAN.

Pro d u c e r
www.insuranceprole.ro

67

Year V - no. 2/2007 (15)

ROMANIAN INSURANCE MARKET 1Q2007

ROMANIAN INSURANCE BROKERS PORTFOLIO 1Q 2007

TOTAL

FIRE AND ALLIED PERILS

Rail transport means insurance, Aircraft insurance,

Ships insurance (ocean, inland) added up

Goods in transit insurance including cargo, baggage

and any other goods transportation

28.24

26.03

26.03

1.43

1.33

0.10

0.79

2 AON Romania

0.52

99.48

16.58

13.76

2.82

72.15

63.36

8.79

1.91

0.03

2.61

1.26

0.05

4.85

0.04

3 ASICONS

3.39

96.61

8.39

7.84

0.55

79.28

44.60

34.68

0.46

0.48

0.34

2.41

5.26

4 ASTOP

100.00

12.00

11.81

0.20

77.40

31.67

45.73

0.36

6.44

1.55

2.25

5 EURIAL

100.00

0.16

0.16

99.43

74.26

25.17

0.36

0.06

0.05

99.95

48.84

47.23

1.61

35.88

32.70

3.18

1.42

0.01

3.62

5.26

4.90

0.02

7 FEHU

53.27

46.73

5.86

5.86

38.59

35.67

2.92

1.37

0.92

8 FINANS BROKER

15.72

84.28

12.64

12.64

69.88

59.11

10.77

0.02

1.75

100.00

2.17

2.17

95.42

66.28

29.14

0.48

0.46

1.46

3.73

96.27

30.17

30.17

52.15

39.18

12.97

1.44

3.66

4.62

4.23

100.00

2.42

1.82

0.59

89.38

69.73

19.64

1.78

0.77

5.64

0.01

10.00

90.00

15.00

12.50

2.50

65.00

40.00

25.00

10.00

100.00

8.25

4.59

3.66

86.92

23.37

63.55

0.65

4.18

14 LONDON BROKERS

0.64

99.36

39.96

36.07

3.89

46.64

37.67

8.97

0.04

0.27

5.79

6.65

15 MARSH*

1.95

98.05

21.48

17.58

3.91

60.55

58.59

1.95

1.56

3.52

3.13

3.91

3.91

16 MAXYGO

8.50

91.50

9.47

9.42

0.05

77.32

18.24

59.08

0.38

1.53

0.33

2.46

17 NB BROKER

2.75

97.25

35.43

35.43

55.57

24.31

31.26

0.35

5.90

18 NORD BROKER

100.00

1.89

1.89

95.69

51.94

43.75

0.02

1.80

0.55

0.05

19 ORIZONT BROKER

100.00

3.44

3.44

94.78

14.36

80.42

0.14

0.55

0.24

0.85

20 PIRAEUS INSURANCE

100.00

7.99

7.99

91.95

59.36

32.58

0.06

21 PORSCHE Broker

100.00

100.00

78.82

21.18

22 PSG

100.00

11.15

11.15

81.10

71.41

9.69

1.21

0.46

0.02

5.35

0.07

0.63

0.19

99.81

9.00

9.00

83.18

34.40

48.78

0.41

0.77

0.39

6.05

24 SAFETY BROKER

100.00

1.76

1.35

0.41

97.99

40.81

57.18

0.01

0.10

0.14

25 SILGA

100.00

65.45

65.45

28.34

20.45

7.89

2.73

2.87

0.61

26 SRBA

0.39

99.61

12.26

12.26

82.32

29.69

52.64

0.41

2.41

0.20

1.99

27 TOTAL ADVISOR

0.84

99.16

23.45

17.78

5.67

66.75

24.84

41.91

0.68

0.08

4.50

0.01

0.19

3.51

28 UNIPET

0.01

99.99

10.54

8.09

2.45

86.00

56.44

29.56

0.40

0.23

0.92

0.15

1.01

0.74

29 VBL

0.90

99.10

4.20

2.41

1.79

94.80

65.50

29.30

0.00

0.02

0.05

0.03

30 ZURICH BROKER

100.00

8.39

7.93

0.46

78.80

50.74

28.06

0.24

5.24

7.33

TOTAL MARKET*

2.38

97.62

11.67

7.64

4.03

77.27

57.48

19.79

0.68

0.16

0.49

1.50

0.21

0.92

0.02

2.21

2.48

1 ALPHA INSURANCE

6 EUROGROUP INSURANCE

9 FORUM
10 GRAS SAVOYE ROMANIA
11 HSI INSURANCE
12 INTERCAM
13 IRECSON

23 ROMASIG

Others

Travel insurance

Financial loss insurance

Health insurance

Accidents and illness insurance

MOTOR THIRD PART LIABILITY

MOTOR HULL

TOTAL

DAMAGES TO PROPERTY

No. Company

MOTOR

Liability insurance

NON-LIFE

71.76

PROPERTY

Credit and warranties insurance

LIFE INSURANCE

NONAUDITED DATA Source: insurance compnies statements

*estimation

68

Insurance PROFILE Review - industry quarterly