Although RCA prices rose last year, hundreds of thousands of drivers opted for the surcharge and direct settlement clause, which allows them to have their car repaired more quickly with their own RCA insurer if it is damaged on the road, rather than claiming damages from their insurers RCA of the car of the driver guilty of the accident. Sorin Mititelu, the new vice-president of the ASF, says that one of the reasons was the bankruptcy of Euroins.

Hundreds of thousands of drivers paid an average of 187 lei more to RCA under the condition of direct settlement

According to the latest report of the Financial Supervision Authority, RCA insurers concluded a number of 491,230 direct settlement points in compulsory motor insurance contracts last year, and the income received from premiums exceeded 90 million lei, resulting in an average annual premium of 187 lei. ASF).

The situation includes Euroins data for the first quarter of 2023, before the withdrawal of the operating permit. On December 31, 2023, 472,243 conditions of direct settlement were in effect.

For comparison, more than 352,000 direct settlement agreements were concluded in 2022, and the first annual average amount was 171 lei.

Why are more and more drivers choosing to settle directly with RCA? Explanation of the new vice president of ASF

On Tuesday, HotNews.ro requested an explanation from ASF’s new vice-president for insurance, Sorin Mititela, regarding the increase in the number of direct settlement points in RCA.

• “The provision is very useful. When you have an event and the at-fault party has an RCA with a different insurer than the one you have the RCA with, you will contact your insurer who will open a claim file, complete it, and then contact the at-fault party’s insurer. .
• Your insurer assumes the risk if the at-fault party’s insurer does not pay.
• Therefore, with a direct settlement clause, you are also choosing an insurer that you trust to handle a possible claim file in which you are the beneficiary, i.e. the injured party.
• This advantage was better understood by customers. And there was the bankruptcy of Euroins,” the vice-president of the ASF said on Tuesday.

Insurers paid out more than 103 million lei in almost 13,000 direct claims

The ASF report also shows that last year RCA insurers paid 12,529 claims related to the direct settlement clause for a total of 103,499,015 lei, resulting in an average claim paid per claim of 8,261 lei.

The situation includes Euroins data for the first quarter of 2023, before the withdrawal of the operating permit.

On December 31, 2023, 3,842 claims with an estimated value of 35,816,439 lei were registered in the balance sheet of the approved loss reserve (excluding Euroins data on the approved loss reserve as of September 30, 2023).

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