Reinsurance in Romania, Key Trends and Opportunities to 2020

Synopsis
Timetric's 'Reinsurance in Romania Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Romanian reinsurance segment. 

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Romanian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Romanian insurance industry. 

The report brings together Timetric's research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Summary
Timetric's 'Reinsurance in Romania, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Romanian reinsurance segment, including:

•  An outlook of the Romanian reinsurance segment

•  A comprehensive overview of the Romanian economy and demographics 

•  Detailed analysis of natural hazards and their impact on the Romanian insurance industry

•  The competitive landscape in the Romanian reinsurance segment 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Romania:

•  It provides historical values for the Romanian reinsurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

•  It offers a detailed analysis of the key categories in the Romanian reinsurance segment, and market forecasts to 2020.

•  It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Romania, and the reinsurance segment's growth prospects.

•  It analyzes various natural hazards and their impact on the Romania insurance industry

Reasons To Buy
•  Make strategic business decisions using in-depth historic and forecast market data related to the Romanian reinsurance segment, and each category within it.

•  Understand the demand-side dynamics, key market trends and growth opportunities in the Romanian reinsurance segment.

•  Identify growth opportunities and market dynamics in key product categories.

•  Gain insights into key regulations governing the Romanian insurance industry, and their impact on companies and the industry's future.
Key Highlights
•  On March 15, 2017, the Financial Supervisory Authority (Autoritatea de Supraveghere Financiar? - ASF) introduced a regulation that amended and supplemented Regulation No. 21/2016 concerning reporting requirements for insurance and reinsurance companies. The regulation stipulates financial audit requirements for insurance and reinsurance companies. 

•  Solvency II legislation, implemented on January 1, 2016, is a fundamental reform of capital adequacy requirements and risk management.

•  Most reinsurance agreements are conducted through intermediaries, while the rest are through direct agreements with foreign reinsurers.