Fierce fight on auto liability insurance market

The market of mandatory auto liability insurance for individuals, where competition between insurers is at its fiercest, exceeded 649.4 million RON (194.6 million euros) last year, according to the 2007 report of the Insurance Supervisory Commission (CSA). This is the first time when the supervisory authority publishes separate data on individual policies and on corporate clients. The auto liability insurance market for individuals is the toughest battlefield, with costly campaigns being launched every year with a view to attracting clients. This type of insurance is known as the driving force behind many insurance companies, because it is mandatory, and competition on this segment lies almost exclusively in prices. This year, several insurers came with offers that included an auto liability policy and a price reduction for a home insurance policy. Last year, the biggest insurers on the segment of auto liability insurance for individuals were Asirom (35.5 million euros in gross underwritten premiums), Omniasig (30.4 million euros), Astra (24.9 million euros), Unita (22 million euros), BCR Asigurari (21.1 million euros) and Ardaf (14 million euros).