The number of RCA policies valid at the end of September 2012 was 4.31 million.
Underwritten premiums on the RCA segment increased 5% in January-September to RON1.52 billion.
In the first nine months of 2012, 11 insurers were authorized to issue RCA policies. The top three insurers on this segment were Euroins, with a market share of 19.22%, Astra – 15.48% and Asirom – 12.05 %, according to CSA.
Damages paid on this segment increased 9% to RON1.29 billion.
The approved damages reserves on the RCA segment increased 24% in the first nine months to RON1.69 billion. The reserve for incurred but not reported (IBNR) losses increased 14% to RON786.04 million, according to CSA.
The combined ratio on the RCA segment stood at 140% in January-September. (EUR1=RON4.5316)