Subscribed premiums per capita could triple, due to Romania's economic growth, according to a Research and Markets study quoted by news agency NewsIn.
By 2012, the ratio of life insurances in the Gross Domestic Product (GDP) could increase to 2.60 percent, compared to 1.68 percent at the end of last year. The gross premiums per capita subscribed for life insurances will increase some three times, to exceed the equivalent of €50 by 2012.
The local insurance market is still small, thus less attractive for foreign players, and highly fragmented, the study shows.
Last year, the volume of gross premiums subscribed amounted to €2.5 billion, 25.2 percent higher year-on-year.
Insurance market set to grow 18 percent per year
Publicat la 10.07.2008, 21:00:00
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