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
Sursă foto: stiripesurse.ro
Distribuie articolul
Distribuie articolul
București
10°C
10°CArticole Similare
12
Bucharest Stock Exchange closes higher Wednesday's trading session
12
10
National Order "Star of Romania" - awarded to Pierre Moscovici, member of European Court of Auditors
10
19
Justice Minister says decision in Pfizer vaccine case not final, but enforceable
19
12
Voineasa ski slopes, open on Easter too
12
13
Almost everyone who spoke at PSD's Bucharest-Ilfov regional meeting demanded we move into opposition (Grindeanu)
13
13
PM Bolojan: The Pesach holiday is about dignity, responsibility and respect, values that concern us all
13
12
Romanian, Ukrainian companies meet to develop drone projects
12
9
Ministry of Finance proposes package of measures to modernize system of electronic fiscal cash registers
9
11
Stroe (PNL): The new law to combat violence during sports games, an alignment with modern standards
11
7
Department for Romanians Abroad launches 2026 non-reimbursable financing session
7
10
Grindeanu: My colleagues told me that they no longer want us to continue in this form
10
11
Partnership with U.S. remains fundamental pillar for Romania's stability, economic development (minister)
11
10
Romania is the most successful country in terms of EU convergence (minister)
10
Comentează