Research and Markets has announced the addition of the “Romania Insurance Market Intelligence” report to their offering.
The insurance industry of Romania has been growing at an impressive rate. This growth was broadly based on overall economic growth of the Romanian economy.
Rise in the employment rate, along with the rising wages, has increased money supply with the households, which, in turn, has increased consumption and the notable fall in the inflation rate has increased the potential of savings. All these factors have helped the growth in the insurance industry of Romania. The low penetration level is also providing abundance of opportunities for the insurance market. Low level of density in comparison to other European countries is another important factor to aid the growth of life assurance, savings and other products.
Romanian insurance market consists of two segments, general insurance and life insurance, with the former being the dominating between the two. The general insurance segment further consists of property insurance, motor insurance, liabilities, credit and warranties and other lines of insurance. Motor
insurance, which dominates the entire insurance market in Romania, has also grown considerably as a result of increasing vehicles sales and the rising demand of cars as the household income and consumption is increasing in the country. Unit-linked products have gained considerable popularity in addition to the market share. The government of Romania has formulated the law on compulsory home insurance, which would make the insurance of the house mandatory for the owner of the house.
This would further add to the increment of the total insurance market of the country.
The present report gives an overview of the insurance market of Romania along with the analysis of Romania’s political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of Romania’s insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance.
Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Key Topics Covered:
1. Industry Snapshot 1.1 Industry Structure 1.2 Market Overview
2. Industry Analysis 2.1 Industry Developments 2.2 Market Drivers
3. Country Analysis: Risk Assessment 3.1 Political Environment 3.2 Macro-Economic Indicators: Current and Projections
4. Industry Outlook: Forecast and Projections 4.1 Rising Consumption and Investments, Rising Working Population to Boost the Market Growth 4.2 Introduction of Compulsory Home Insurance to Drive Housing Insurance Market Growth
For more information visit
http://www.researchandmarkets.com/research/16f437/romania_insurance
