RCA
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COTAR: ASF raises RCA tariff, despite decrease in number of accidents
The Financial Supervisory Authority (ASF) has increased the reference tariff of Civil Auto Liability insurance (RCA), despite the number of auto accidents going down, reads a press release sent on Wednesday by the Confederation of Operators and Authorized Transporters of Romania (COTAR). "COTAR expresses its concern regarding the increase in the RCA reference tariff, published by ASF.
Insurance market registers 2.3% of GDP, first gross premiums go up by 5% in 2020
The Romanian insurance market had a weight of 2.3% of the Gross Domestic Product (GDP) in 2020, and the first gross premiums have gone up to 11.5 billion RON, rising by 5% from 2019, announced on Thursday, during a specialty conference, Nicu Marcu, the chairman of the the Financial Supervisory Authority (ASF).
Competition Council hands down sanctions worth 93 million euro in 2018
The Competition Council handed down fines worth a total of 435 million lei (93 million euro) in 2018, this being the second year with the highest fines in the history of the institution, President of the Competition Council Bogdan Chiritoiu told a news conference on Tuesday.
By comparison, in 2017, there were handed down fines worth 123 million lei.