Mandatory car insurance (RCA) and optional car insurance (CASCO) represent 67pct of the total insurance market in Romania, Florin Golovatic, director in the Financial Supervisory Authority (ASF) told a Thursday's specialized conference.
"We know very well that this insurance segment is an important pillar of the insurance industry in any country. In the latest Consumer Trends report, made by EIOPA [European Insurance and Occupational Pensions Authority], it is mentioned that for auto insurance, both the RCA type, as well as the other types, such as CASCO, the increasing trend regarding the volume of subscribed premiums was kept. Thus, in 2017 compared to 2016, at European level, there was a leap on the mandatory insurance in 24 of the states of the European Union, while in terms of non-RCA insurance, there were increases in 21 member states. In Romania, these represent 75pct of non-RCA insurance and about 67pct of the total market in Romania, so clearly a very important component. In Europe, about 20pct of the insurance market intermediaries mentioned that they use Big Data Analytics solutions, compared to 59pct of companies insurance companies who have said they already use such solutions," Golovatic said.
The ASF representative added that, regarding the degree of customer satisfaction with the insurers, it is close to 50pct.
ASF's Golovatic: Mandatory, optional car insurance represent 67pct of total insurance market in Romania
Articole Similare

9
''The Future of Europe", series of events at SNSPA - international experts, political, academic leaders discuss EU transformations
9

12
Gov't does not currently plan to increase taxes in 2026 (FinMin Nazare)
12

15
12th ProGEO international symposium in Tulcea marks a decade since establishment of UNESCO geoscience & geoparks program
15

13
Budget rectification brings the state budget into realistic projection area (FinMin Nazare)
13

12
Prince Radu on Elisabeta Palace evening dedicated to the Republic of Moldova: A family as large as a nation
12

17
CFR Calatori electric traction trains possibily pulled over as of next week due to power arrears
17

20
Telekom Romania Mobile Communications becomes majority-owned subsidiary of Vodafone Romania
20

9
Cluj's Mayor Emil Boc says in Brussels future of Europe depends on future of Black Sea
9

8
Fourth edition of Romanian Film Industry Day
8

14
Senate's Abrudean says Moldova's integration into EU shall become a reality within next three years
14

10
U.S. Embassy in Bucharest narrows its activity due to lapse in appropriations
10

7
Conductor Kent Nagano to open season of George Enescu Philharmonic, hold dialogue session with audience
7

8
BNR's Popa: Normalisation of interbank liquidity reflected in the gradual lowering of interest rates
8
Comentează