In the first six months of this year, Romanian drivers have taken out more than 195,000 direct settlement items, an ancillary service against the cost of an RCA policy that gives them the right to contact their own RCA insurers if they are injured in traffic. about applying to the RCA insurer for compensation for damages to the car of the driver, the culprit of the accident.
In the first half of this year, RCA insurers concluded 195,302 direct contracts.
Given that RCA insurers received premium income of more than 32.3 million lei from these contracts, ASF says that policyholders practically paid an average annual premium of 173 lei.
On June 30, 2022, there were 385,625 direct settlement points.
- SEE RCA’S MARKET REPORT HERE
Meanwhile, in the first six months of 2022, RCA insurers paid 6,832 claims related to the direct settlement clause for a total of 5,380,2390 lei, resulting in an average claim paid per case of 7,875 lei.
On June 30, 2022, 2,919 claims with an estimated value of 25,934,290 lei were registered in the balance of the approved claims reserve.
RCA prices paid by Romanian individuals and insured companies increased by an average of 81% in the first six months of this year compared to the same period last year, the first annual average was 1,154 lei. The degree of concentration remains high, with the top 3 insurers holding around 71% of the market, according to data provided by the ASF on Tuesday.
Photo source: Dreamstime.com
Source: Hot News RO
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