“In the first three months of the year, the insurance companies authorized to issue RCA policies underwrote premiums of RON701 million and, considering the number of insured vehicles, it means the average RCA premium rose an average 7%,” Biro explained.
In January through March 2013, underwritten premiums on the RCA segment amounted to RON676.51 million, up 9.46% on the year, according to ASF data.
In 2013, RCA underwritings rose 15.5% to RON2.47 billion.
This market segment accounts for 25.8% of overall premiums underwritten on the profile market, which stood at RON8.29 billion in 2013.