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Lower costs for insurers

RBT editia nr. 34/August 2009 Articol adaugata la, 03 August 2009 ( RBT )
Afisari: 254

 

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The Insurances Supervisory Commission decided last month to slash the contribution of the insurance companies and insurance brokers for the operating tax to 0,3% (from 0,4%) and the rate of contribution additional to the compulsory vehicle insurance to 1% (from 1,1%).

The Insurances' Supervision Commission's Council (CSA, in Romanian) has adopted this decision on July 21st, with retroactive effect from July 1st.

Last year, the rate of contribution for the operating tax was 0,5% and the rate of contribution related to compulsory vehicle insurance - 1,25%. This means that the costs incurred by the insurance companies and insurance brokers in the second half of this year are 40% and 20% lower respectively

"It is the second time in six months when we reduce these costs. The measure was taken to support the efforts of insurers to reduce costs based on the economic and financial crisis and help maintain stability on the Romanian insurance market," said Angela Toncescu, president of ISC.



Articole RBT - English review - Nr. 34/August 2009
 
•  Air charter market adjusts to the crisis
•  Transport Ministry wants trucks on trains
•  Complaining in Brussels
•  Port and canals authorities accuse ArcelorMittal of unfair blow to Romanian business
•  Priority actions to overcome the economic crisis in Romania
•  Pricier rail transport, by law
•  Lower costs for insurers
•  Green light for SOP-T projects
•  IWT education project started by CERONAV
•  Crisis time, the best season for headhunting
•  MOL and UNTRR continue their efforts to optimize costs
•  The new airplane seat model brings added comfort
•  MTI: Road accidents bring 2% losses to the GDP
•  European support for the maritime sector
•  Hauliers must target long-term partnerships to avoid bankruptcy
•  Cargo Trans Vagon puts on rails the first state of the art locomotives in Romania
•  Better later than never














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