tbi partners with Destine Broker to help customers pay for their insurance in interest-free installments

Insurance premiums, especially RCA, have significantly increased in Romania in the last year, in some cases by over 50 percent, according to market data, and the trend is likely to continue in 2023. In this context, tbi bank has partnered with Destine Broker Insurance – Reinsurance to help customers buy insurances through the Buy Now, Pay Later (BNPL) solution in 4 interest-free installments or in 6-12 installments with interest.

”The increase in car insurance premiums over the last year, amid accelerating inflation, is becoming a challenge for more and more Romanian car owners. RCA insurance is mandatory; therefore, it is an expense that cannot be avoided if you own a car. The partnership with Destine Broker allows us to be there for Romanians who want a better and more efficient alternative to paying for their RCA without effort”, said Gergana Staykova, Market Leader, tbi.

”Price increases over the past year are significant and buyers are feeling a greater pressure. By reaching an agreement with tbi, we can give people the opportunity to free themselves from this pressure. In this way, for us as a business, we can expect an expansion of our customer base and an increase in sales, which would support our growth in these difficult times”, Daniela Ichim, Head of Loans Department, Destine Broker.