Romanian online retailer CEL.ro, which is managed by the company Corsar Online, announced yesterday that it will enter the mandatory car insurance (RCA) brokerage market this month.

The online store will integrate a platform that will calculate and issue RCA policies and will compare in real time the offers of all the insurance companies. Car owners can thus compare different offers and acquire a RCA policy via an online order.

CEL.ro wants to sell 600 RCA policies in the first months after launching the service, and to reach 6,000 policies after six months. Company officials expect many of the RCA policies to be purchased from mobile devices, as the traffic on mobile devices has significantly increased.

CEL.ro recorded sales of EUR 53 million in 2016. The local RCA market was estimated at EUR 1 billion in 2016. It has the biggest share in the local insurance market.

editor@romania-insider.com