Allianz-Tiriac steers towards RCA

Insurer Allianz-Tiriac has changed its auto liability insurance strategy and plans to become more actively involved on this market segment. The company representatives have repeatedly pointed out they would rather keep mandatory auto liability insurance (RCA) low in the portfolio, and have optional insurance as a strategic target. “We changed the strategy in the hope that this sector would be straightened out, that the negative elements, such as the unjustifiably high fees to brokers or the failure to comply with the tariffs would go away. If this does not happen, we will stay out of it,” Gavril Muresan, deputy manager within Allianz-Tiriac said. Muresan, however, admitted the tremendous potential of this market had been taken into account. “Our target is to attain the same market share for RCA that we have for Green Card insurance,” he added. Allianz-Tiriac estimates to conclude this year with 25% market share on the Green Card segment and 65,000 policies sold. ZF