The regulator has applied the biggest fine of RON30,000 to Bogdan Alexander Adamescu, chairman of Astra’s managing board, and total fines of RON10,000 to Euroins general manager, Bucsa Iulius Alin, to Stamov Bozhidar Stoyanov, head of Euroins’ department for damage claim settlement, Mariana Diaconescu, chairwoman of Asirom’s managing board, and Ovidiu Vadean, head of Asirom’s department for damage claim settlement.
Mihail Tecau, chairman of Omniasig’s managing board, and Eugen Stoica, head of Omniasig’s department for damage claim settlement, have also received fines worth RON5,000.
Insurance regulator head Constantin Buzoianu said protecting policyholders is the regulator’s biggest and main concern and stressed the growing number of complaints targeting several insurance companies has prompted the watchdog to closely monitor the situation and take the necessary measures.
Data provided by the regulator indicate a total of 5,462 complaints were registered in the first five months of the year, up 71.8% from the same period in 2011.
The regulator has also decided to run checkups and find out what causes insurance companies to breach the legal provisions regarding the payment of damage claims and, implicitly, hurt the interests of policyholders. (EUR1=RON4.4625)