XPRIMM Time for Business held a new international edition under the title "Reinsurance / insurance markets facing the COVID crisis", which focused on the evolution of the insurance market in Romania in the uncertain situation created by the pandemic.
The guests of the show were:
Valentin IONESCU, Director of the Strategy and Financial Stability Department within ASF
Adrian MARIN, President of UNSAR
Nicoleta RADU, General Manager, PAID Romania (registered intervention)
Gheorghe GRAD, Country Manager, RENOMIA SRBA Broker
Valentin IONESCU, Director of the Strategy and Financial Stability Department of the Romanian Financial Supervisory Authority stressed that "We expect a recovery of the Romanian economy in 2021, but there is still uncertainty regarding the full recovery of economic losses due to the crisis As for the insurance sector in Romania, as a whole, it had a positive evolution, without extreme fluctuations.The volume of gross written premiums increased, in the first six months of 2020, by 3.4% compared to the same General insurance increased by 5.4%, but at the same time life insurance decreased by about 4% In terms of the capital market, insurance companies are not the main investors in this market, but the total assets held by the insurance sector in Romania increased by 5% in the first half of 2020, compared to the end of 2019 ".
The whole debate can be watched on the website www.1asig.ro
