The 2009 RCA campaign (third-party liability auto insurance) could bring about a change in insurance market leader in the last quarter of this year, a position held since 2002 by the Allianz-Tiriac insurer, Business Standard reported.

After announcing its results for the January-September 2008 period, Allianz-Tiriac is once again at the top, with a volume of gross subscribed premiums of over 285 million euros. The Vienna Insurance Group-owned Omniasig is second, with gross subscribed premiums in the first three quarters worth 252.4 mln euros.

Omniasig yesterday announced a 48.74-percent rise in gross subscribed premiums compared to the year-ago period, which represents an almost dobly increase compared to the general evolution of the insurance market estimated for the first three quarters.

The growth reported by Omniasig was sustained by a surprising evolution on the property insurance segment, which rose 98.51% compared to September 2007, according to company figures. No-fault insurance also registered significant growth, of 82.87%, while RCA insurance rose 20.89%. The battle for third-party auto insurance takes place at the end of the year, and this insurance could change the positions held by Allianz-Tiriac and Omniasig.

While the current market leader presently has a more reserved policy in terms of auto insurance, Omniasig has been aggressive in its strategy in the past few years for auto insurance, aiming to raise its market share.