Brokered by Leader Team Broker de Asigurare, the policy covers, among others, damage to third parties, accidents and material damage.

The opening of the final will take place Wednesday on the National Arena in Bucharest. The show will feature 450 dance students coordinated by producer Robert Alge and British choreographer Wanda Rokicki, alongside six Romanian choreographers and eight gymnasts.

Before this, the most expensive insurance policy for an event held in Romania was for the Cirque du Soleil, costing EUR5 million.

Set up in 2006, Leader Team has more than 3,500 active clients and turnover of over EUR1.6 million.

Certasig is controlled by private investment fund Royalton Investors II, which owns 92.7% of the insurer’s stock through Certasig Holdings.