CAR INSURANCE
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Insurer Asirom Introduces AI in Damage Assessments for Car Insurance Policies
Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process for the CASCO car insurance product.
Antitrust Body Fines Insurers Association, Nine Insurance Companies EUR53M
Romania's antitrust body has fined nine insurance companies and the local association of insurance companies UNSAR a total of RON246.7 million (EUR53 million) for breaking national and Europ...
Financial Watchdog Tightens Rules For Insurers Selling Mandatory Car Policies
Insurers that issue mandatory civil liability car insurance (RCA policies) will have to meet a certain level of solvency for their general insurance activity and will be forced to list broke...
Asirom To Insure Posta Romana Fleet For RON429,000, Half The Estimated Price
Insurer Asirom will provide mandatory car insurance (RCA) for the 606-vehicle fleet of state-owned postal operator Posta Romana, for RON428,681, nearly 55% lower than the postal operator had...
Romanian Antitrust Watchdog Looks Into Local Car Insurance Market
Romania’s antitrust watchdog has started an investigation into the local car insurance market.
RCA Premiums Higher In First 9 Months, Mainly Due To Increased Tariffs
Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 16% to 1.756 billion lei (EUR0.3 billion) in the first nine months of 2013, largely due to higher tariffs...
E.ON Gaz Distributie Wants To Insure Car Fleet For RON13.6M
E.ON Gaz Distributie, a Romanian unit of German utility E.ON, will organize an auction on September 12 to insure its 1,200 vehicles, and the value of the contract, to be valid for four years...
Dumping Can No Longer Help Insurers In Romania – CSA Official
Price-based strategies promoted by insurance companies in Romania will fail considering that indemnities paid by insurers exceed underwritten premiums, Dan Constantinescu, representative of...
Average Annualized Premium On RCA Segment Down 4% In January-September
The average annualized premium on the mandatory car insurance (RCA) segment stood at 455 lei (EUR100) in the first nine months of 2012, down 4% from RON472 in the same interval a year ago, a...