Asirom, first insurer in Romania to use car history in risk assessment

 Asirom Vienna Insurance Group announced on Wednesday the launch of a partnership, unique on the local market, with the international car data company carVertical, through which it will use car history in risk assessment.According to a press release, Asirom thus aims to increase the efficiency of risk assessment processes, contribute to the transparency of the second-hand car market in Romania and offer more accurate insurance solutions, based on the real history of vehicles."carVertical has been a recognized player on the Romanian automotive data market since 2019. The platform offers access to the real history of vehicles, contributing to more informed decisions in the purchase of used cars. The partnership with Asirom extends the use of this data to the insurance area, creating the premises for a safer and fairer ecosystem for all participants," the press release reads.By integrating carVertical's automotive data, Asirom is taking an important step towards a more accurate assessment of vehicle risks. This will allow differentiation between cars with a flawless history and those with hidden risks, providing fairer insurance conditions for responsible customers.Asirom VIG is one of the most important insurance companies on the market, with a tradition in the Romanian insurance industry. The company has a national network of 120 agencies, 1,900 active agents and numerous external partners.Asirom is part of the Vienna Insurance Group (VIG), the leading insurance group in the entire Central and Eastern Europe (CEE) region. Over 50 insurance companies and pension funds from 30 countries are part of this group with a long tradition, strong brands and a close relationship with customers. Around 30,000 VIG employees meet the daily needs of around 32 million customers. VIG shares have been listed on the Vienna Stock Exchange since 1994, on the Prague Stock Exchange since 2008 and on the Budapest Stock Exchange since 2022. The company benefits from an A+ rating with a stable outlook from the renowned international rating agency Standard & Poor's.carVertical is a specialist vehicle history reporting company operating in 34 countries - including most of Europe, the UK, the US, Mexico and Australia. Using data from over 900 registries and databases globally, carVertical provides detailed reports that help customers make informed decisions when buying used cars.