Moreover, even companies are now able to purchase uato liability insurance RCA in instalments.

Insurance of any type, including RCA, can be paid in six or 12 instalments, regardless of the amount, the insurer chosen or the period. The insurance policy is concluded online and can be downloaded in 15 minutes.

“In Romania there is a significant protection deficit, which means people are financially vulnerable when something happens affecting their car, home, health or life, but insurance can significantly reduce this deficit. Although Romania is still underinsured and the culture for protection is underdeveloped compared to other Central and Western European countries, trends show people are catching up as they become more and more aware of the need for protection. The partnership with Inter Broker aims to help Romanians ensure better protection and, especially in these challenging contexts, reduce financial burdens in case of unexpected situations”, said Ionut Sabadac, VP Merchant Solutions, tbi bank.

Inter Broker is one of the most important insurance brokers in Romania, with more than 10 million insurances issued, 1,4 million customers and almost 2000 insurance agents distributed nationwide. The company offers a very wide range of insurance, from RCA and voluntary car insurance Casco to home and health insurance.

“Romanians are more and more interested in buying insurance, whether it’s for cars, homes, or health. The market is maturing, and people are realizing that insurance is essential in a developed economy, where the risks of losing out are becoming too great to ignore. Combining our insurance expertise with tbi bank’s strong presence in the financial industry, we will be able to offer an excellent experience to our customers”, said Carmen Cotrau, Executive Manager, Inter Broker.

The protection gap for Romanians in the face of negative unwanted events stood in 2021 at RON620 billion (EUR126 billion), up by 5.6% versus 2020, shows an analysis carried out for National Association of Insurance and Reinsurance Companies in Romania (UNSAR) by a group of independent experts.

Tbi Bank operates in Bulgaria, Romania, Greece, Germany and Lithuania. The lender has an own network of 300+ units and partnerships with some 20,000 merchants, plus a portfolio of 2 million customers in September 2022.