RCA
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VIG Controls Nearly 40% Of Romanian RCA Market
Insurers Asirom and Omniasig, the two local companies of Austria’s Vienna Insurance Group (VIG) have an overall market share of approximately 40% on the civil liability car insurance policie...
Romanians Pay One Of The Highest RCA Tariffs In Europe - UNSAR
Romanian drivers pay one of the highest tariffs for civil liability car insurance policies (RCA), in Europe, of EUR150, according to Madalin Rosu, representative of car insurance segment at...
Rules and Transparency Of Solvency II Standards To Support Reconstruction Of RCA Market - ASF Head
The rules and transparency of Solvency II standards will support the reconstruction of the mandatory car insurance RCA market, which has been nonperforming for too long, Misu Negritoiu, head...
ASF Approves Amendments Easing Foreign Insurers’ Access To Romanian RCA Market
The Council of the Financial Supervisory Authority (ASF) has approved a draft norm which makes it easier for foreign insurance companies to tap the Romanian mandatory car insurance (RCA) pol...
ASF Hires Consulting Firm To Analyze Mandatory Car Insurance Policies
Romania’s Financial Supervisory Authority ASF closed a contact with consulting firm Milliman, which will carry out an actuarial analysis of the tariffs asked by the nine insurance companies...
UNSAR: Direct Compensation System To Negatively Impact Market Of Mandatory Car Insurance RCA
The system of direct compensation or discount would negatively impact the market of mandatory car insurance RCA, generating high costs for insurers and the insured, and would also violate th...
Uniqa Posted Loss Of RON100M On RCA Policy Segment For Road Transporters In 2012-2015
Insurance company Uniqa on Tuesday said the segment of mandatory car insurance RCA for road transporters in its portfolio generated loss of RON100 million between 2012-2015, which had a majo...
Sales Of Voluntary Car Insurance, Property Policies Flat Since 2008
Gross premiums from voluntary car insurance CASCO and voluntary home insurances set below 2008’s level, while mandatory car insurance RCA are gradually growing on yearly basis, with insurers...
Negritoiu: Romanian Insurance Market Needs Capital Inflows Of RON1B, After RON600M In 2014
The insurance market needs a capital inflow of one billion lei (EUR225 million) this year, inclusively for the capital increases at Astra and Carpatica Asig, after RON600 million were inject...