RCA
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ASF: Auto Liability Insurance Market Up 5% In 2016
The market of automobile liability insurance (RCA) rose 5% last year, reaching a record level of 4,983,409 contracts, according to official data provided by the Financial Supervisory Authori...
Bulgarian Insurer Dallbogg Gets Green Light To Enter Romanian RCA Market
Bulgarian insurance company Dallbogg was authorized by Romania’s Financial Supervisory Authority (ASF) to sell civil liability car insurance (RCA) on the Romanian market.
ASIROM VIG Posted Sales Of RON888M In First Nine Months Of 2016
Sales of insurance company ASIROM VIG nearly doubled in the first nine months of 2016, to RON888 million, up 90% on the year, the insurer said in a statement on Wednesday.
Grawe Romania Puts Off RCA Market Entry After Introduction Of Maximum Tariffs
Grawe Romania, part of Austrian group Grawe, has decided to postpone the actual sale of mandatory car insurance policies (RCA) on the local market until the end of November 2016, following t...
Competition Council: RCA Market, Characterized By Oligopolistic Aspects
Competition Council warns that the market of civil liability car insurance policies (RCA) is characterized by oligopolistic aspects, allowing certain insurance companies to refuse clients wi...
Freight Carrier: Auto Liability Insurance Cuts Our Profit Margin By At Least 20%
Agil Trans, a road freight carrier in Romania, is now paying 22,000 lei (almost EUR5,000) auto liability insurance (RCA) per 16-ton vehicle, over seven times higher than the RON3,000 it used...
Government Approves Emergency Ordinance On Mandatory Car Insurance Policies
The Romanian Government has approved on Wednesday an emergency ordinance regarding mandatory car insurance policies (RCA) under the form and with the provisions announced by Prime Minister D...
RCA Underwritings Up 33% To Over RON2B In January-June
Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 33% on the year to over RON2 billion in the first six months of 2016, according to Romania’s Financial Sup...
Romanian Insurance Market Up Over 9% To RON2.4B In January-March
Romanian insurance market rose over 9% on the year in January-March, to RON2.4 billion, according to official data provided by the Financial Supervisory Authority (ASF).