Claims settled by insurers for bodily injuries suffered in the wake of car accidents rose, as a weight in total indemnities paid for civil liability car insurance (RCA), around three times in 2010 year-on-year, in line with calculations based on data and estimates by the National Union of Insurers and Reinsurers in Romania (UNSAR).
"Non-pecuniary claims last year accounted for around 6-7% in total claims settled on the RCA segment and there is an upward tendency," says Cristian Constantinescu, UNSAR chairman.
In the first nine months of the year, insurers settled damages worth 1.22bn RON (290m euros) on the RCA segment, in line with the latest data published by the Insurance Supervision Commission. Thus, non-pecuniary damages would revolve around 20m euros. Should the pace maintain, the total amount of non-pecuniary claims for 2010 is likely to go toward 25m euros.
There is no information on the volume of damages for bodily injuries caused by car accidents paid by all insurers, but UNSAR figures largely reflect the real situation at the level of the entire market.
Claims settled by insurers for bodily injuries suffered in the wake of car accidents rose, as a weight in total indemnities paid for civil liability car insurance (RCA), around three times in 2010 year-on-year, in line with calculations based on data and estimates by the National Union of Insurers and Reinsurers in Romania (UNSAR).
"Non-pecuniary claims last year accounted for around 6-7% in total claims settled on the RCA segment and there is an upward tendency," says Cristian Constantinescu, UNSAR chairman.
In the first nine months of the year, insurers settled damages worth 1.22bn RON (290m euros) on the RCA segment, in line with the latest data published by the Insurance Supervision Commission. Thus, non-pecuniary damages would revolve around 20m euros. Should t
