Our main objective is to define together with the clients the companies risks map with multidisciplinary insurance services, in which RENOMIA SRBA INSURANCE BROKER analyzes, proposes, manages and provides the requested services, with full responsibility for achieving the objectives set both in terms of time and costs, through experienced employees specialized in various industries.

For 25 years we have supported the interests of clients and partners, offering premium services and the best insurance solutions on the domestic and international market, improving and growing, innovating and helping clients to make optimal decisions.

We have seniors in various product lines such as: Property, Liabilities, Cyber, Crop, Health, Aviation, Transport and Logistics, Financial Lines, Reinsurance & Wholesale Brokerage e.o.

The activity of the 50 employees is carried out at the headquarters in Bucharest and in 4 regional offices that cover the entire territory of Romania.

The Department of International Relations dedicated to the relationship with external partners covers any request for activation on the local market as well as on the European market, based on the FOS principle.

About the Romanian insurance market

In the first 9 months of 2022, the insurance market recorded a value of subscribed premiums of ~ EUR 2.7 billion, up 28% compared to the same period in 2021. The insurance density is ~ EUR 189/capita. The market is dominated by general insurance lines which represents 83% of the total and of these, 77% represents the motor market. The insurance lines with the most important dynamics are health, PD, TPL, CAR.

The insurance intermediation market has 273 authorized brokers and the degree of intermediation was over 75% from the total market value.

GHEORGHE GRAD
GHEORGHE GRAD Country Manager
Gheorghe Grad graduated from Open University Business School, being one of the founders of the Romanian brokerage company SRBA. The company founded in 1998 quickly grew, ranking every year among the top 20 from over 300 brokerage companies in the country. The merger with Renomia took place in 2015, through the acquisition of a 51% percent of the share capital.

Throughout his professional career, Mr. Grad has been part of both national and international professional associations and hence involved in the implementation of the specific European legislation in Romania.

Alongside managing and focusing on of the business development process of the company, he is an active participant in the business environment through taking part in seminars, conferences and radio programmes.