Now Available: Non-Life Insurance in Romania, Key Trends and Opportunities to 2017
Romania's non-life segment is the largest in the country's insurance industry and accounted for 74.2% of the gross written premium in 2012. The country's non-life segment was adversely impacted by the global financial crisis of 2008. This adversely affected the demand for non-life insurance products from companies, several of which closed down. The motor insurance category, particularly the motor hull sub-category, was also adversely affected by a reduction in bank lending and therefore the weakened capacity of Romanians to purchase...
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