RCA
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CSA: Insurers Solely Responsible For Setting Mandatory Car Insurance Prices
Prices of premium on mandatory car insurance (RCA) are set exclusively by insurers, the Romanian insurance watchdog CSA said Tuesday.
UNIQA Asigurari's Portfolio Shrunk 8.6% In 2011, RCA Segment Down By Half
The portfolio of Romanian insurer UNIQA Asigurari included 551,244 contracts at the end of 2011, down 8.6% on 2010, as the number of auto civil liability policies (RCA) halved to 187,752.
Insurers To Face Penalties If They Breach Car Insurance Policy Terms
Insurers failing to observe the terms stated in mandatory car insurance policies (RCA) will have to pay damages to policyholders, Romanian insurance regulator CSA said in a press release Wed...
National Car Park Is 80% Insured, Below EU Requirements - Study
Around 80% of Romania's car park is insured through a mandatory civil liability policy (RCA), UNIQA Asigurari CEO Florin Golovatic said Monday, citing a study carried out in July by GfK Roma...
Euroins, Carpatica And Astra Got Highest Number Of Complaints In First Nine Months
Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine...
Minimum Annual Premium For RCA Policies Should Reach EUR180 - Brokers
The minimum premium for mandatory car insurance policies (RCA) should stand at about EUR160 or EUR180 per year to cover claim frequency, the average claim and insurers’ expenses, national as...
Insurers Pay Hundreds Of Thousands Of Euros To Victims Of Road Accidents
Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only...
Insurers Vie For 750,000 Clients Who Signed Six-Month Auto Liability Policies In Winter
Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers a...
Insurers Transfer Risks After Fighting On Auto Liability Segment With Very Low Prices
The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago.