Reinsurance in Romania, Key Trends and Opportunities to 2017

Published: May, 2014 | Pages: 70 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Romanian reinsurance segment, including:
The Romanian reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment 
The Romanian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments 

Summary
The Romanian reinsurance segment grew during the review period. By 2017, it is expected to value RON52.3 million (US$16.3 million). The life segment ceded the highest percentage of premium to reinsurers during the review period (2008?2012), a trend which is expected to continue over the forecast period (2012?2017). Romania was adversely affected by the 2008 financial crisis, but re-entered a growth phase in 2011. Growth in the reinsurance segment was partly driven by a rise in the volume of EU-sponsored infrastructure projects undertaken in the country, such as a EUR169.2 million (US$235 million) nuclear photonics project. Continued economic growth will contribute to the insurance industry's expansion and, consequently, drive the reinsurance segment. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Romania:
It provides historical values for Romania's reinsurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Romania's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Romania and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Romanian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Romanian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Romanian insurance industry and its impact on companies and the market's future 
Key Highlights
 The reinsurance segment is being partly driven by the rising number of EU-sponsored infrastructure projects being undertaken in the country.
During the review period, the treaty reinsurance category's share of the reinsurance segment decreased from 40.3% in 2008 to 33.9%.
During the review period, the life segment ceded the highest percentage of premium to reinsurers, a trend that is expected to continue over the forecast period.
Due to the frequency of natural disasters during the review period, reinsurers associated with PAID are lobbying the government to introduce deductibles in the case of compulsory home insurance as they suffered considerable losses on account of rising claims.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Romanian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - Bucharest Stock Exchange, Romania
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Agriculture net output at current prices (US$)
6.2.7 Agriculture net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices, (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Exports as a percentage of GDP
6.2.16 Imports as a percentage of GDP
6.2.17 Merchandise exports growth
6.2.18 Merchandise imports growth
6.2.19 Annual average exchange rate EUR-US$
6.3 Infrastructure
6.3.1 Commercial vehicles exports - total value
6.3.2 Commercial vehicles imports - total value
6.3.3 Automotive exports - total value
6.3.4 Automotive imports - total value
6.3.5 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Gross tiol disposable income (US$)
6.5.2 Household consumption expenditure (US$)
6.5.3 Total population
6.5.4 Urban and rural populations
6.5.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Romanian Insurance - Overall Written Premium by Segment (RON Billion), 2008-2012
Table 3: Romanian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 4: Romanian Insurance - Overall Written Premium by Segment (RON Billion), 2012-2017
Table 5: Romanian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 6: Romanian Insurance - Segmentation (Percentage Share), 2008-2017
Table 7: Reinsurance in Romania by Category (RON Million), 2008-2012
Table 8: Reinsurance in Romania by Category (US$ Million), 2008-2012
Table 9: Reinsurance in Romania by Category (RON Million), 2012-2017
Table 10: Reinsurance in Romania by Category (US$ Million), 2012-2017
Table 11: Romanian Premium Ceded to Reinsurance by Type of Insurance (RON Million), 2008-2012
Table 12: Romanian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 13: Romanian Premium Ceded to Reinsurance by Type of Insurance (RON Million), 2012-2017
Table 14: Romanian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 15: Romanian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Romanian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Romanian Non-Life Insurance - Percentage of Reinsurance Ceded, 2008-2012
Table 18: Romanian Non-Life Insurance - Percentage of Reinsurance Ceded, 2012-2017
Table 19: Romanian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Romanian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017