In recent years, the local insurance brokerage market has undergone a significant transformation. There has been a consolidation of major players and an increasing focus on digitalization. Brokers have become essential both in managing client relationships and in promoting optional insurance products. All to reduce dependence on mandatory RCA policies. Digitalization has enabled online quote issuance, electronic signatures, and claims management through apps.
In the medium term, it is estimated that brokers’ share of total subscriptions will remain high — around 70–75% — due to market consolidation and growing demand for more complex products. As for motor insurance, its share may gradually decline. On the other hand, life insurance may experience significant growth, reaching a 30–35% share of total insurance products, as the market matures and the demand for long-term financial security increases.
You can find the full interview with Marius Laslo, Executive Director of Destine Broker, given to Profit.ro, below.