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    HomeNewsNewsDestine Broker – top 3 brokers in Romania

    Destine Broker – top 3 brokers in Romania

    Vizualizari 720

    Brokerage Market Statistics

    The brokerage market in Romania increased by 9.1% in 2020 compared to the previous year, amounting to intermediated premiums worth 7.86 billion lei, while the degree of intermediation reached 68.34%, according to published data of ASF – Financial Supervisory Authority.

    In the ranking, DESTINE Broker, is 3rd place brokers in Romania.

    destine-broker-top-3-brokeri-romania

    In 2020, brokerage companies brokered/distributed 68.34% of the total volume of gross premiums written by insurers. For the first time in the last 5 years, this figure exceeded the 80% threshold on the general insurance distribution side.

    “Following the centralization of the reports submitted by the brokerage companies, after 2017 – the year in which the RCA law was changed, there is an increasing trend of the degree of intermediation. Thus, the value of intermediated / distributed premiums for general and life insurance increased by 9.1% compared to 2019. This increase is due to both the increase in the volume of intermediated / distributed premiums for the general insurance activity (+ 8.75%) and of the life insurance (+ 19.38%). These values also include intermediation for insurance companies coming to Romania based on the freedom to provide services, the right of establishment, etc. The total value of the intermediated / distributed premiums for them was 565,830,266 lei, representing 7.20% of the total. intermediated / distributed premiums “, it is specified in the ASF report.

    General Insurance

    Analyzing the structure of premiums intermediated/distributed by brokerage companies for 2020, it is observed that a significant portion of the total premiums for general insurance (7,572,141,348 lei) is held by specific classes. These classes of general insurance have made a substantial contribution to the total amount.

    In the Romanian market, the revenues of brokerage companies come from intermediation / distribution contracts concluded with insurance and reinsurance companies, being a remuneration model based on the commission received from them.

    Destine Broker’s 3rd Place Brokers in Romania is Attributed to the Team’s Collective and Ambitious Efforts.

    Read more here