​The new insurance market leader Groupama strengthened its position, remaining in first place after 9 months of the current year with a share of 17.94%, and in the RCA insurance segment, the insurer Euroins from the Financial Supervisory Authority (ASF) announced on Tuesday that more customers recorded the market share is slightly more than 31%, slightly decreased compared to the middle of the year.

The leading position in the entire insurance market is formed by Groupama with a share of 17.94%, followed by Allianz Țiriac with 17.67%, the Financial Supervisory Authority (ASF) reported on Tuesday.

On the other hand, competition in the RCA market remained at the highest level in the last five years and in the third quarter of 2022, according to the consolidated data of the State Financial Supervision Authority.

At the end of September, three insurers continued to control double-digit market shares, while four more companies recorded significant gross premiums in the RCA segment.

In particular, Euroins recorded a market share of slightly more than 31%, slightly down compared to the middle of the year, and remains the market leader. Euroins’ share is more than 5 percentage points lower than at the end of 2021, when the company controlled more than 35% of the market.

The distance between Euroins and its competitors narrowed in the third quarter of this year, as Groupama and Allianz Țiriac, i.e. holders of the 2nd and 3rd places in the RCA segment, maintained their market shares. Groupama is close to 21% and Allianz Țiriac has exceeded 19%.

Four other companies have market shares between 5.5% and 7.5%, the notable presence of Axeria Iard with almost 5.6%, although the company did not enter the market based on the European right to free practice until the end of 2021. Only one insurance company authorized to sell RCA remains with a small market share.