♦ Guarantee insurance has had a volatile evolution in recent years, returning again to a decrease trend in the first three months of 2025 ♦ on the area of insurance damages they paid for a lower value of damages, after the first three months of 2022 meant almost a tripling compared to T1/2021.
The insurance of guarantees reached a volume of the gross premiums subscribed by 65 million lei at the end of the first three months of 2025, registering a decrease by 8% compared to the similar period of last year, according to information published by the Financial Supervisory Authority (ASF). Guarantee insurance is part of the category of eligible guarantee tools, provided in the legislation of public procurement and represents a faster and more convenient alternative to the letter of bank guarantee. This type of insurance represents a financial solution for companies who want to participate in public procurement procedures or to those who need to constitute contractual guarantees. In recent years, guarantee insurance has had a volatile evolution, and the level of subscriptions, although it increases in certain periods, always returns with a decrease and less or less at the same level. Thus, a consistent growth such as the one seen in the years 2020-2021 has not registered, which means that this segment has been in a stagnation as a whole, without an effective development.
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