The RCA reference tariff for individuals increased on average by 5.4% for cars and by 5.2% for goods transport vehicles, compared to the reference tariff published in December 2024, and that for legal entities increased by 3.5% for cars and by 3.2% for goods transport vehicles, according to the Semi-Annual Report on RCA reference tariffs, published by the Financial Supervisory Authority.
According to the ASF, the evolving analysis by risk category also highlights decreases in the reference tariff. For example, for a driver from Bucharest-Ilfov, aged between 51 and 60 and a car between 151-200 kW, the tariff decreased by 3.5%. Reductions were also recorded for drivers under 30, with cars over 200 kW. In the case of passenger vehicles, the increase was only 0.4%.
The semi-annual report on RCA reference tariffs, published by ASF, is prepared by an independent company (Association of KPMG Advisory SRL and KPMG Audit SRL).
"The reference tariffs are not market prices, are indicative and are not established by the ASF; they represent a statistical tool, intended to provide transparency and help consumers and insurers understand the evolution of real costs in the market. The moderate developments recorded in the report show that the RCA market is going through a period of stability, in which adjustments are explainable and manageable," it is mentioned in a press release from the ASF.
The cited source emphasizes that to establish the reference rates, the company analyzed aggregate statistical data from the last five years (January 1, 2020 - December 31, 2024). Essentially, the methodology used takes into account two aspects: how often accidents occur (damage frequency) and how high their costs are (damage severity). This data is processed through a mathematical model (Generalized Linear Model - GLM), which takes into account factors such as the age of the insured/user, vehicle type, engine power, geographical area. Then, to reflect economic reality, claims inflation is also taken into account - that is, among other things, the fact that car repairs and parts cost more from year to year, the administrative and sales expenses of insurers and the profit margin. The result is not a mandatory rate nor a market rate, but a benchmark for each risk category.
ASF specifies that for consumers the reference tariff is determined based on statistical data from the RCA insurance market, has a guiding character and helps them compare market offers and understand price differences. For the market, the report contributes to identifying trends - for example, increasing claims costs - and the timely adoption of the necessary measures to maintain long-term stability. For the protection of policyholders, the reference tariff is used in the "high-risk insured" mechanism, managed by BAAR.
"The reference rates, which do not represent market rates, are calculated by an independent company, on statistical and actuarial bases. The price of RCA policies is established exclusively by insurers, depending on their own calculation methodologies, damage and commercial policies," points out the ASF.
The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance, private pension and capital markets. A.S.F. contributes to the consolidation of the integrated framework for the functioning of the three sectors, which total over 10 million participants.
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