VIG’s sharp expansion on the RCA market was probably triggered by Asirom’s aggressive strategy, while Omniasig’s attitude on RCA segment is more reserved. Thus, according to brokers, Asirom has one of the best RCA tariffs.
VIG underwrote gross premiums of EUR142 million (RON632 million) in Romania in the first quarter of 2016, up over 40% compared with the same period a year before, and the RCA segment currently accounts for over 50% of the company’s turnover.
On the other hand, voluntary car insurance Casco accounts for less than 20% of VIG’s total turnover on the local market.