RCA
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ASF Mulls Reasonable Solution For Youths RCA Tariff By February
Romania's financial watchdog ASF is currently analyzing the method for the calculation of tariffs for the mandatory car insurance policies (RCA) for youths and plans to identify a reasonable...
ABC Asigurari Quits Mandatory Car Insurance Segment
ABC Asigurari no longer sells mandatory car insurance (RCA) policies as of January 1, citing lack of profitable prospects on this segment, the company said in a statement Tuesday.
Negritoiu: RCA Average Price Seen Up 3% In 2015
The average price of mandatory car insurance policies (RCA) might increase by 3% next year, Misu Negritoiu, head of Romania’s Financial Supervisory Authority (ASF), stated Tuesday.
RCA Underwritings Up 11% In January-September, To Nearly RON2B
Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 11% to RON1.94 billion in the first nine months, due to a 3% rise in the average premium, to RON515, and a...
Damages Paid By RCA Insurers For Bodily Injury And Death Up 70% In 1H/2014
Damage payments for bodily injury and death covered by insurers issuing mandatory civil liability car insurance (RCA policies) stood at 277.06 million lei (over EUR62 million) in the first h...
Brokers, The Favorite Distribution Channel For Car Insurance In Romania
Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through t...
Capping Car Insurance Brokerage Fees Will Reduce Business And Cut 25,000 Jobs
Capping brokers' fees on mandatory car insurance policies (RCA) will raise insurers' costs, will narrow the RCA market and will reduce brokerage by 30%, costing 25,000 insurance brokers and...
Asirom VIG To Insure Bucharest Public Transport Vehicles For RON3.65M
The Bucharest public transport company RATB has awarded a one-year, RON3.65 million insurance contract to Asirom Vienna Insurance Group for civil liability insurance on its fleet of buses, t...
ASF: Insurers To Pay More To Guarantee Fund Unless They Solve RCA Issues
Misu Negritoiu, head of Romania’s Financial Supervisory Authority ASF, stated that insurers will have to pay more to the guarantee fund, unless they manage to streamline their operations on...