According to previous regulations, insurers which sold RCA policies had to set prices yearly considering each category of vehicles to ensure they can meet their obligations, build technical reserves, pay contributions to funds and cover acquisition and administration costs.
Currently, some local insurers sell RCA policies at prices double or triple compared to those of the cheapest insurance policies on the market.
In 2011, underwritten premiums on the RCA segment amounted to about 2 billion lei (EUR0.45 billion) and accounted for one quarter of revenues in the general and life insurance industry.
Insurers authorized to sell RCA policies in Romania are ABC Asigurari, Allianz-Tiriac Asigurari, Generali Romania, Asirom, Euroins Romania, Astra, Omniasig, Carpatica Asig, Groupama Asigurari, UNIQA Asigurari and City Insurance. (EUR1=RON4.3727)