All insurers that sell RCA policies for less than EUR160-EUR180 register losses on this segment, said UNSICAR.
The RCA segment represents about 40% of the overall general insurance segment, which accounts for 80% of total underwritten premiums, according to the association.
Underwritten RCA premiums amounted to 2.46 billion lei (about EUR570,000 million) in 2010, up 14.1% compared to 2009, as the number of insurance contracts signed increased 7.71% to 6.55 million.
The average premium on the RCA segment climbed 9.67% from RON589 in 2009 to about RON646 last year, reads a CSA 2010 report.
UNSICAR and insurers met last week for talks on the impact of the economic crisis on the insurance market and the measures that should be taken to deal with future difficulties.
Insurance brokers believe that, for clients who buy RCA policies, the quality of services offered by insurers weigh more than the price.
Insurers and brokers agreed to ask the insurance regulator to allow companies that sell RCA policies to outsource claim management services.
According to CSA, insurers approved 354,714 claim files last year, down 4.48% compared to 2009, and paid claims for 330,100 files, down 3.33% compared to the previous year.
The value of gross indemnities paid to clients on the RCA segment stood at RON1.602 billion in 2010, up 4.63% compared to 2009.
UNSICAR was set up in 2000 and has 88 members.
(EUR1=RON4.3222)