In the course of last year, the insurance companies paid about 600 million lei insurance, a decrease of over 57 million lei compared with 2019. The ratio of insurance to insurance premiums was of 41%, an increase of 0.81 percentage points compared with 2019. This shows the insurance paid for 100 subscribed lei is 41.05 lei, shows a report by the National Commission for Financial Markets that is quoted by IPN.

The insurers faced the effects of turnover compression generated by the pandemic crisis, especially as regards policy subscription. The gross subscribed premiums that increased relatively constantly the last few years in 2020 decreased, primarily those coming from the sale of Green Card certificates.

Thirteen insurers that held a license last year subscribed gross insurance premiums totaling about 1.5 billion lei, a decrease of 172 million lei (11%) compared with 2019 (1.6bn lei).

In the period, the insurance premium per capita rose to 550.34 lei, up 91.75 lei. The paid insurance came to 225.9 lei per capita, up 41.4 lei compared with a year before.