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Sunday, December 19, 2004
Half of all the insurance companies active in Romania will disappear from the market before 2007, after a series of mergers and takeovers, said yesterday Dan Odobescu, general manager at Unita Group Wiener Stadtische.
According to Odobescu, after 2007, the top five insurance companies will control 80% of the market. "Many small companies will disappear, but it is still possible for a multi-national company to become active on the market. A market concentration is to be expected”, says Odobescu.
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Posted by Mircea : 12/19/2004 11:33:00 pm
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