New Market Report Now Available: The Insurance Industry in Romania, Key Trends and Opportunities to 2017
The Romanian insurance industry registered a decline in terms of gross written premium during the review period due to reduced corporate spending on insurance policies, the closure of numerous businesses, and a slowdown in bank lending activity. The decline was further aggravated by the turbulent economic conditions in the country and the EU debt crisis. The Romanian insurance industry remains underdeveloped compared with Western European countries, and the low level of penetration reflects a potential opportunity for global insurers, especially...
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