Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Romania
ROUFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,275,652,272.25
Year-over-Year Change
162.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by non-life insurance corporations in Romania. It provides insights into the use of financial services and the liabilities of the insurance industry in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Romania series tracks the total value of deposits held by non-life insurance companies operating in Romania. This metric is useful for analyzing the financial health and activities of the insurance sector within the broader Romanian economy.
Methodology
The data is collected and reported by the National Bank of Romania.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts studying the Romanian insurance market and its interactions with the broader financial system.
Key Facts
- Romania's non-life insurance deposits totaled €17.6 billion in 2021.
- The insurance sector accounts for 3.2% of Romania's total financial system assets.
- Deposits held by non-life insurers have grown by an average of 6.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by non-life insurance corporations operating in Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and activities of the Romanian insurance sector, which is an important component of the country's broader financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Policymakers and regulators may use this data to monitor the stability and performance of the Romanian insurance industry and its potential impacts on the overall economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Romania (ROUFCLOFINPXDC), retrieved from FRED.