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Car policy decline set to continue

Car insurance prices are set to rise, while the market declines and fraud claims pick up. Report by Corina Ilie and Michael Bird

March 2010 - From the Print Edition

2 Photos
The insurance market’s driving engine – car policies – are expected to continue declining in 2010, due to an ongoing slump in sales of new vehicles and a consumer surrender of voluntary policies.
For many insurance companies in 2009, the number of deals concluded last year in vehicles began to drop, while fraud claims and accidents rose and certain players in the industry increased their prices.
In 2007 and 2008 Romanians took advantage of a booming market and free access to credit to ...

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