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Romania: UNSAR members post 4% rise in 2012 premiums


The National Union Association of Insurance and Reinsurance Companies from Romania (UNSAR) said that its 22 members posted combined gross written premiums of 7.5 billion Romanian leis ($2.24 billion) in 2012, up 4% from 2011.

However, the results represent a decline in real terms when the country’s economic growth and annual inflation rate is taken into account, reports Romanian news website DailyBusiness. Gross written premiums from members' property-casualty operations increased to RON 6 billion, rising from RON 5.4 billion in 2011.

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