“I expect the average RCA tariff to grow by 3% in 2015. It’s a forecast, not a certitude,” Negritoiu told a news conference.
According to ASF data, 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 4% rise in the number of contracts to RON5.37 million.
In January-September 2014, the number of approved damage payment files stood at 202,351, 10% fewer on the year, while the number of files including damage claim payments fell 11% to 202,694.
On the RCA market, the value of damages claim payments dropped 1% to RON1.39 billion and the average damage claim payment stood at RON6,859 in the first nine months, up 12% from the same period in 2013.
Damage claim payments for bodily injury and death stood at RON352.18 million in January-September (25% of total damage claim payments on the RCA market), 40% higher compared to the year-earlier interval. Moral compensations make up more than two thirds (70%) of damage claim payments.
End-September, 11 insurers were authorized by ASF to issue RCA policies, namely, ABC Asigurari, Allianz-Tiriac Asigurari, Asirom, Astra, Carpatica Asig, City Insurance, Euroins Romania, Generali Romania, Groupama, Omniasig and Uniqa.