ASF
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ASF Vice-President: Astra Could Have Been Saved From Bankruptcy Through Resolution Mechanism
Insurance company Astra could have been saved from bankruptcy by implementing the resolution mechanism if there had been a law in this respect a year ago, because the Financial Supervisory A...
ASF: Only 289 Of 552 Insurance Brokers Meet Minimum Capital Requirements
Only 289 insurance brokers of the 552 operating on the Romanian market were meeting minimum capital requirements on January 27, while the operations of 85 companies are suspended or banned,...
Carpatica Asig And FGA To Continue Capital Attraction Procedure And Due Diligence Process
The Executive Board of insurer Carpatica Asig, along with the guarantee fund of the insured (FGA), is authorized to complete the capital attraction procedure and the due diligence process, a...
ASF To Apply Resolution Measures At Carpatica Asig, Appoints FGA As Temporary Administrator
Romania’s Financial Supervisory Authority ASF will apply resolution measures at insurance company Carpatica Asig in order to avoid any potential negative effects on the financial stability o...
ASF Hires Consulting Firm To Analyze Mandatory Car Insurance Policies
Romania’s Financial Supervisory Authority ASF closed a contact with consulting firm Milliman, which will carry out an actuarial analysis of the tariffs asked by the nine insurance companies...
ASF To Cut Some Taxes, Quotas For Insurance And Private Pension Companies As Of January 1
Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact...
ASF Urges Some Insurers To Recalculate RCA Tariffs, Scraps 10% Ceiling On Car Policy Discounts
Romania’s Financial Supervisory Authority (ASF) has urged some insurance companies to recalculate the tariffs for mandatory car insurance (RCA) premiums after having detected irregularities...
ASF: 10% Of Insurance Brokers Don’t Meet Minimum Capital Requirements
Romania's financial regulator ASF said Tuesday that 10% of insurance brokers don’t meet minimum capital requirements, which will become mandatory at the end of December.
ASF: 562 Companies Were Delisted After Disbandment Of Rasdaq Market
Romania’s Financial Supervisory Authority (ASF) said Friday that 562 companies were delisted after the disbandment of Bucharest Stock Exchange’s Rasdaq market, paying RON123.1 million to 4,4...