New Market Report Now Available: Non-Life Insurance in Romania, Key Trends and Opportunities to 2017
The Romanian non-life insurance segment declined at a CAGR of -2.7% during the review period. This was due to the global financial crisis in 2009 and rising concern over sovereign debt in the country and other European Union (EU) member states, which adversely impacted the nation's economic development. Growth in the segment was also adversely affected by the rapid decline in passenger car sales. According to the European Automobile Manufacturers' Association (ACEA), car sales in the EU declined by an...
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