Insurance outpaces economy

The insurance market was worth 9,100bn ROL (228m euros) in the first quarter, up 24% in euros as compared to the corresponding period of last year, Nicolae Crisan, chairman of the Insurance Supervision Commission (CSA) said yesterday. “The insurance market is growing at the same pace as last year. In 2003, insurance logged a 25% growth pace in euros, for the gross premiums underwritten and 19% for the gross premiums cashed, whereas the gross domestic product went up 4.9%,” Crisan told the International Insurance and Reinsurance Forum organised by MediaXPrimm. ZF