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COTAR: ASF raises RCA tariff, despite decrease in number of accidents

Sursa foto: VS Compania
The Financial Supervisory Authority (ASF) has increased the reference tariff of Civil Auto Liability insurance (RCA), despite the number of auto accidents going down, reads a press release sent on Wednesday by the Confederation of Operators and Authorized Transporters of Romania (COTAR).
COTAR expresses its concern regarding the increase in the RCA reference tariff, published by ASF. While the insurance companies from other countries have refunded drivers a part of the RCA price, charged in advance, based on the traffic restrictions caused by the COVID-19 pandemic and the low traffic values, Romania has increased the RCA price, despite the number of accidents going down, the press release sent by the Employer organization says. ....

Vasile Stefanescu , European Commission , Financial Supervisory Authority , Confederation Of Operators , Civil Auto Liability , Authorized Transporters , வாசல் ஸ்தேபஅநேஸ்கூ , ஐரோப்பிய தரகு , நிதி மேற்பார்வை அதிகாரம் , சிவில் ஆட்டோ பொறுப்பு ,

Insurance market registers 2.3% of GDP, first gross premiums go up by 5% in 2020

Sursa foto: ASF
The Romanian insurance market had a weight of 2.3% of the Gross Domestic Product (GDP) in 2020, and the first gross premiums have gone up to 11.5 billion RON, rising by 5% from 2019, announced on Thursday, during a specialty conference, Nicu Marcu, the chairman of the the Financial Supervisory Authority (ASF), according to AGERPRES.
The Romanian insurance market has gone up in a not so high percentage, but it has gone up to 2.3% of the GDP, which is not very pleasing, because in Romania there is a pretty broad area which is not being used by insurance companies, by the citizens that must be ensured. Our intention is to raise this share of assets which are part of the insurance in the GDP. During the year 2020, the first gross premiums went up to 11.5 billion RON, raising by approximately 5% from the previous year. Also, general insurance registered their first gross premiums of 9.28 billion RON, rising by 6% from the year 2019, Marcu declared. ....

Nicu Marcu , Dc Media Group , Financial Supervisory Authority , Financial Studies Institute Foundation , Gross Domestic Product , Civil Auto Liability , Insurance Market , டச் மீடியா குழு , நிதி மேற்பார்வை அதிகாரம் , நிதி ஆய்வுகள் நிறுவனம் அடித்தளம் , மொத்த உள்நாட்டு ப்ராடக்ட் , சிவில் ஆட்டோ பொறுப்பு , காப்பீடு சந்தை ,