The foundations for this were laid as early as the first quarter, when insurers’ net profit soared by 83.6 per cent, reaching 68.7 million lei. Experts speak of a recovery in profitability, but draw attention to serious internal imbalances.
Despite the positive financial results, the market structure remains vulnerable. A sector analysis by experts at IDIS ‘Viitorul’ shows that the sector is heavily reliant on motor insurance (third-party liability and comprehensive cover), which accounts for around 68–70 per cent of all premiums collected.
At the same time, alternative lines of business are developing extremely slowly. Against a backdrop of rising profitability, the NBM has focused on the sector’s systemic stability. The regulator’s list of key supervisory priorities includes monitoring the adequacy of companies’ own funds and solvency, as well as verifying the quality of technical provisions set aside for future claims.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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