Insurance companies on the domestic market put the bulk of their money into current accounts and bank deposits, so as to have cash readily available to settle potential claims, according to a report conducted by the Insurance Supervision Commission (CSA) for 2006. Insurers ended last year with total assets worth 8.4 billion euros (around 2.5 million RON), an increase of 26.4% against 2005. Of these assets, more than half were invested in deposits, securities, property and land, with the total value of investments standing at 4.5 billion RON (over 1.3 billion euros). "The biggest increases were seen by funds held in deposits and current accounts, which indicate insurers' concerns on having cash available at all times, in order to settle claims of the insured parties," specifies the Commission's report. Bank deposits account for the biggest share of overall investments, with insurance companies pouring over 1.3 billion RON (390.6 million euros) into deposits last year, approximately 33% more than in the previous year.
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