The regulator also decided to eliminate the 10% ceiling on trade discounts that insurance companies can apply on RCA tariffs. Therefore, insurers will be able to freely resort to discounts.
ASF announced in November that it will conduct checkups at insurance companies in December, after being informed in the last two months that they would increase tariffs on RCA policies.
Besides checking upon companies issuing RCA policies for transporters, the regulator also plans to establish, along with the Romanian Actuarial Association, an actuarial method for the calculation of RCA tariffs, which would be recommended as a reference for the insurers that notified significant increases in tariffs.