The soaring RCA tariffs led to a doubling of underwritings considering that the first half of 2022 brough a 60% decline in the number of RCA policies, therefore, the evolution of this market cannot be linked to the increase in the customer base.
Euroins remains the leader of the RCA market, after the collapse of City Insurance, reporting underwritings of RON1.35 billion, almost double in the first half of 2022 (+93%) versus the same period of 2021.
Groupama climbed to the second spot on the RCA market, with a record increase in underwritings in the first half of 2022, i.e. +1,587% on the year, which translates into a 17-fold increase in the volume of underwritten gross premiums versus the same period of 2021, reaching RON877 million.
Allianz-Tiriac comes third, but, despite keeping the same spot in the first half of 2022 as compared to the same period in 2021, the growth rate of gross underwritings was six times higher (+491% versus the first half of 2021), reaching underwritings of RON786 million at end-June 2022.