Mandatory insurance will lead to a 5% increase of the market
The introduction of mandatory household insurance will positively influence the sales of voluntary policies, appreciates Radu MUSTATEA, President of the Directorate, ASTRA Asigurari, and at the same time, Vice President of PAID.
Thus, "current owners of voluntary policies will not give up the more comprehensive coverage of these policies, and some mandatory insurance owners will decide to supplement the sums and the insured risks, by buying a voluntary policy", said Radu MUSTATEA.
Moreover, under these conditions, the leader of ASTRA estimates a 5% increase of the general insurance market in 2010.
"We are close to the beginning of PAID's activity", announced Radu MUSTATEA, who said he supports the entry into force, as soon as possible, of this type of insurance.
Author: Vlad BOLDIJAR
on 21.01.2010
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