According to a press release from the organization, tax evasion was also done in Germany 20 years ago, but the German state imposed special taxes of 19% on them, in addition to operating and salary taxes.
“Why did the German state introduce these special taxes to insurance companies? Because 20 years ago, the same insurance companies that today sell RCA in Romania and declare themselves eternally at a loss or with ridiculously low profits, cheated the German state with the same strategies”, the carriers say.
They say the solution to covering the budget deficit lies in taxing low-tax multinationals, not raising taxes on micro-enterprises.
The ceiling, extended by another three months
On Thursday, the government extended the price cap on RCA policies for another three months.
Insurers have warned that the cap does not take inflation into account and affects their right to assess their risks and therefore set their prices.
The cap was initially introduced last year after the bankruptcy of Euroins.
The carriers bring in their argument a series of data from the ASF reports, which show that the number of accidents and damages is decreasing.
Positive evolution in insurance
Thus, the evolution of the current frequency of damage in Romania was as follows:
- Year 2018: 6.4%
- Year 2019: 6.5%
- Year 2020: 5.3%
- Year 2021: 5.8%
- Year 2022: 4.7%.
The number of claims files opened by insurance companies on RCA evolved as follows:
- Year 2018: 369,976 files
- Year 2019: 400,358 files
- Year 2020: 338,038 files
- Year 2021: 388,935 files
- Year 2022: 341,470 files.
Also, the damage rate also evolved positively:
- 2021: 131.94%
- 2022: 107.29%
- 2023: 97.68%.
Prices far above the reference ones
Carriers say that although prices are theoretically capped and ASF has reference rates, in practice the prices offered by insurers are much higher.
They also give examples, with RCA price offers on trucks:
- Offer 1. Class B2 vehicle (10% discount): minimum RCA tariff 13,940 lei, maximum tariff 84,913 lei, average tariff 28,507 lei, reference tariff 7,748 lei.
- Offer 2. Class B0 vehicle. Maximum RCA tariff 83,002 lei, minimum tariff 11,444 lei, reference tariff 8,609 lei.
- Offer 3. Class B2 vehicle (10% discount). Maximum RCA tariff 82,415 lei, minimum tariff 13,478 lei, average tariff 28,545 lei, reference tariff 8,178 lei.
- Offer 4. Class B0 vehicle. Maximum rate 81,202 lei, minimum rate 11,652, average rate 23,708 lei, reference rate 8,609 lei.
- Offer 5. Class B1 vehicle (5% discount) Maximum RCA tariff 71,751 lei, minimum tariff 12,421 lei, average tariff 27,145 lei, reference tariff 8,178 lei.
The reference rates are published by the ASF on its website for indicative purposes, their purpose being to mark the correct price for the policies.
“It is important to remember that in the calculation of the reference rate published by the ASF, all the expenses of the insurance companies are included plus a percentage of 5% profit for the insurance company. The difference between the reference rate and the real RCA rate for sale is a mirror of the greed of the insurance companies protected by the Financial Supervisory Authority”, accuses COTAR.
“We are tired of being lied to by insurance companies, which is why we request the Government to urgently amend the Fiscal Code, so that those who today lie to us that they are losing money pay the tax due in the country where they made the profit . The government should let the SMEs breathe and have the courage to properly tax the multinationals that have been defrauding the Romanian state for 20 years, as they have done with the German state” – accuses Vasile Ștefănescu, president of COTAR.
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Tags: Carriers Accuse Insurance Companies Practicing RCA Rates Times Higher
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