The evolution of the insurance market in the first half of 2025

Bucharest, 12 November 2025 - The Romanian insurance market recorded positive growth in the first half of 2025. Total gross premiums written reached RON 12.3 billion, up by 8% compared to the same period last year, reflecting the strong performance of life insurance and the resilience of the motor insurance segment. Companies authorized by the Financial Supervisory Authority (ASF) recorded a 10% increase in gross premiums written, confirming their essential role in strengthening the market.

Life insurance, booming

General insurance continued to dominate the market, accounting for 79% of the total, with a 6% increase. Within this segment, motor insurance (MTPL and CASCO) remained the main lines of business, with a cumulative volume of RON 7 billion. MPTL alone reached RON 5.2 billion, up by 10%, and the average annualized premium at market level was around RON 1,300, 2% above the 2024 level. In addition, health insurance maintained its positive momentum, exceeding RON 680 million.

However, the life insurance segment was the most dynamic, advancing by 21% and becoming one of the main drivers of the market. The growth was mainly supported by unit-linked products, which rose by 41% and came to represent one-third of life insurance subscriptions, but also by traditional policies, with an increase of almost 19%.

Damage payments and financial stability

In the first six months of the year, the market paid total gross indemnities of RON 5.8 billion, 16% more than in the same period in 2024. General insurance generated most of these payments, with a 20% increase and a dominant share of the MTPL class, which alone accounted for more than half of the total GI (55%). The gross technical result at market level was RON 809 million, with a significant contribution from CASCO.

Stability indicators confirm the robustness of the market. On 30 June 2025, the SCR ratio was 164%, well above the minimum threshold, although slightly lower than last year, amid rising capital requirements. Technical reserves reached RON 24 billion (+17%), and insurers' investments reached RON 34.6 billion, mainly focused on government bonds. The market's net profit amounted to RON 866 million, only 3% below the historic record set in the first half of 2024, but significantly above the figures for previous years.

Distribution through brokers and market outlook

Distribution channels played a key role, with brokers mediating 68% of gross premiums written. The degree of mediation remained very high in general insurance (82%), while in life insurance it stood at 13%.

Developments in the first half of the year confirm the market's solidity and stability, with balanced growth and a significant contribution from all major segments. The driving force remains diversification - with auto insurance policies supporting the market base and life insurance bringing dynamism - and the outlook for the second half of 2025 points to a continued sustainable development trajectory.

More details about the evolution of the insurance market in the first half of 2025 can be found here. (only in Romanian)