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Insurance, reinsurance and pension funding, except compulsory social security, Industry Analysis, Romania, 2016

The Insurance, reinsurance and pension funding, except compulsory social security industry in Romania was represented by 119 companies at the end of 2016, compared to 126 in the previous year and 123 in 2014.

The industry's net profit amounted to RON 2,420,391 in 2016.

The industry's total revenue was RON 6,763,561 in 2016, up by 7.80% compared to the previous year.

The combined costs of the companies in the Insurance, reinsurance and pension funding, except compulsory social security industry reached RON 4,135,484 in 2016, down by 5.99% year-on-year.

A total of 7,657 people were employed in the Insurance, reinsurance and pension funding, except compulsory social security industry in 2016, compared to 8,844 in 2015 and 9,450 in 2014.

Most of the companies in the industry are based in Bucharest, followed by Bihor and Bacau.

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