Financial Surveillance Authority (ASF) starts emergency controls at the sites of Asirom, Generali, Groupama and Uniqa, after it emerged that not all insurance companies offer quotes for RCA policies for a month, said this Monday ASF.
ASF also announced that the results will be published after the finalization of control actions. RCS market was involved in scandals after the bankruptcy start in Astra and Carpatica cases. Currently there are nine players that are active on the market: Euroins, City Insurance, Allianz-Tiriac, Generali, Asirom, Omniasig, Groupama, Uniqa and Grawe, according to News.ro.
The first five insurance companies from Romania owned 63.7 percent of the market at the end of 2016, Allianz-Tiriac being the leader, while the first five players from RCA market owned a share of 74.1 percent. Euroins recorded the highest market quota, according to ASF.
The total volume of gross subscribed premiums on RCS insurances segment reached RON 4.03 billion in 2016, 29 percent more than the previous year.