On the Romanian market there is a rising trend of personal injury claims resulting from car accidents, which puts upward pressure on the price of auto liability insurance, says Rangam Bir, general manager of Allianz Ţiriac, the second-largest company on the Romanian insurance market in terms of the volume of gross premiums underwritten.
"We had several claims this year, but we have yet to settle them because the cases are still in court. The biggest claim amounts to 10 million RON, and comes from the family of a car crash victim," Bir said.
Other companies have already paid tens or even hundreds of thousands of euros for personal injury claims as a result of car accidents. For instance Omniasig paid 1.34 billion RON (around 330,000 euros) this year to settle a claim.
As far as Allianz Ţiriac is concerned, Rangam Bir, 39, who took over as general manager in May, says this year's main challenges have been motivating employees and finding ways to lessen the impact of the higher taxation and of the collapse of the car market.
On the Romanian market there is a rising trend of personal injury claims resulting from car accidents, which puts upward pressure on the price of auto liability insurance, says Rangam Bir, general manager of Allianz Ţiriac, the second-largest company on the Romanian insurance market in terms of the volume of gross premiums underwritten.
"We had several claims this year, but we have yet to settle them because the cases are still in court. The biggest claim amounts to 10 million RON, and comes from the family of a car crash victim," Bir said.
Other companies have already paid tens or even hundreds of thousands of euros for personal injury claims as a result of car accidents. For instance Omniasig paid 1.34 billion RON (around 330,000 euros) this year to settle a claim.
As far as Allianz Ţiriac is c
