05.18.2016

Romanian drivers pay one of the highest tariffs for civil liability car insurance policies (RCA), in Europe, of EUR150, according to Madalin Rosu, representative of car insurance segment at the more

05.17.2016

Tariffs for civil liability car insurance policies RCA will no longer be raised in the upcoming period, because there are no arguments to support an increase in RCA tariffs by insurance companies, more

02.10.2016

The rules and transparency of Solvency II standards will support the reconstruction of the mandatory car insurance RCA market, which has been nonperforming for too long, Misu Negritoiu, head of more

02.10.2016

The Council of the Financial Supervisory Authority (ASF) has approved a draft norm which makes it easier for foreign insurance companies to tap the Romanian mandatory car insurance (RCA) policy more

01.22.2016

Romania’s Financial Supervisory Authority ASF closed a contact with consulting firm Milliman, which will carry out an actuarial analysis of the tariffs asked by the nine insurance companies more

01.18.2016

The system of direct compensation or discount would negatively impact the market of mandatory car insurance RCA, generating high costs for insurers and the insured, and would also violate the basic more

12.22.2015

Insurance company Uniqa on Tuesday said the segment of mandatory car insurance RCA for road transporters in its portfolio generated loss of RON100 million between 2012-2015, which had a major impact more

12.10.2015

Romania’s Financial Supervisory Authority (ASF) has urged some insurance companies to recalculate the tariffs for mandatory car insurance (RCA) premiums after having detected irregularities in the more

10.06.2015

Gross premiums from voluntary car insurance CASCO and voluntary home insurances set below 2008’s level, while mandatory car insurance RCA are gradually growing on yearly basis, with insurers more

03.11.2015

The insurance market needs a capital inflow of one billion lei (EUR225 million) this year, inclusively for the capital increases at Astra and Carpatica Asig, after RON600 million were injected in more

01.12.2015

Romania's financial watchdog ASF is currently analyzing the method for the calculation of tariffs for the mandatory car insurance policies (RCA) for youths and plans to identify a reasonable solution more

01.06.2015

ABC Asigurari no longer sells mandatory car insurance (RCA) policies as of January 1, citing lack of profitable prospects on this segment, the company said in a statement Tuesday. more

12.09.2014

The average price of mandatory car insurance policies (RCA) might increase by 3% next year, Misu Negritoiu, head of Romania’s Financial Supervisory Authority (ASF), stated Tuesday. more

11.27.2014

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 more

09.16.2014

Damage payments for bodily injury and death covered by insurers issuing mandatory civil liability car insurance (RCA policies) stood at 277.06 million lei (over EUR62 million) in the first half of more

09.16.2014

Carpatica Asig, Euroins and City Insurance lead in the ranking of insurers banking on brokerages for the distribution of their policies, with around 90% of premiums being generated through this more

08.18.2014

Capping brokers' fees on mandatory car insurance policies (RCA) will raise insurers' costs, will narrow the RCA market and will reduce brokerage by 30%, costing 25,000 insurance brokers and more

07.08.2014

The Bucharest public transport company RATB has awarded a one-year, RON3.65 million insurance contract to Asirom Vienna Insurance Group for civil liability insurance on its fleet of buses, trolleys more

07.02.2014

Misu Negritoiu, head of Romania’s Financial Supervisory Authority ASF, stated that insurers will have to pay more to the guarantee fund, unless they manage to streamline their operations on the more

05.27.2014

The average premium for mandatory car insurance (RCA) policies in Romania rose 7% on the year in the first three months of 2014, said Albin Biro, non-executive member in the management of Romania’s more

08.29.2013

Romania’s Insurance Supervisory Authority (ASF) has decided to ban insurer Euroins Romania from selling mandatory car insurance policies RCA until the latter implements a set of measures imposed by more

06.20.2013

One of the solutions to reduce the number of complaints on the mandatory car insurance (RCA) segment is to eliminate insurance companies that apply low premiums but fail to pay damages when accidents more

05.15.2013

Romanian insurance company Astra will insure the 607 vehicles state-run postal service operator Posta Romana will buy following an auction. more

03.28.2013

The average premium for mandatory car insurance (RCA) policies fell 4% to 463 lei (EUR104) on the year in 2012, while underwritten premiums on this segment rose 10% to RON2.06 billion, Romanian more

02.15.2013

Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other than more