Browsing Tag

compulsory auto insurance

ASF eliminates, as of October 1, the 1pc quota applied to local intermediaries operating on the…

Valeriu Lazar Aug 10, 2017 0

The Board of the Financial Supervisory Authority (ASF) has decided at the meeting on Wednesday to abolish the application of 1% quota on the operating income for local intermediaries - financial investment services companies and credit…

INSURANCE

Transporters confederation rejects ASF level for RCA premiums for cargo vehicles larger than 16…

Victor Lupu Oct 18, 2016 1

The Confederation of Operators and Certified Transporters in Romania (COTAR) rejects the Financial Supervisory Authority (ASF) proposal on the level of premiums amounting to RON 7,540 for the compulsory insurance policies (RCA) for vehicles…

BUSINESS

Foreign investors on RCA: Price ceiling can lead to major dysfunctionalities on the market

Anca Bernovici Sep 29, 2016 0

The Foreign Investors Council (FIC) has been monitoring the recent developments on the compulsory auto insurance (RCA) market and would like to signal the risk that this important market might become fully blocked. “Romania is a free…