ASF
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Group Of Shareholders Reduce Stake In SIF Moldova Below 5%
A group of shareholders including Dragos Bilteanu, head of regional investment fund SIF Banat-Crisana, and another persons, jointly with SIF Muntenia, SIF Banat-Crisana, Semrom Muntenia, Bio...
Parliament Appoints New Financial Authority Members
Lawmakers voted 315 to 16 to appoint new members on the board of the country's Financial Supervisory Authority (ASF).
ASF: Insurers To Pay Higher Contribution To Guarantee Fund Starting January 1, 2015
Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage paym...
Damages Paid By RCA Insurers For Bodily Injury And Death Up 70% In 1H/2014
Damage payments for bodily injury and death covered by insurers issuing mandatory civil liability car insurance (RCA policies) stood at 277.06 million lei (over EUR62 million) in the first h...
ASF: Insurers In Romania Underwrote Premiums Of RON3.97B In 1H, Down 6.8% On Year
Insurers in Romania underwrote premiums of RON3.97 billion on the general and life insurance segments in the half of 2014, down 6.8% on the year, and paid damage claims of RON2.47 billion, d...
Capping Car Insurance Brokerage Fees Will Reduce Business And Cut 25,000 Jobs
Capping brokers' fees on mandatory car insurance policies (RCA) will raise insurers' costs, will narrow the RCA market and will reduce brokerage by 30%, costing 25,000 insurance brokers and...
ASF To Carry Out Asset Quality Review Project On Romanian Insurance Market
Romania’s Financial Supervisory Authority (ASF) has approved the launch of the Asset Quality Review (AQR) project aimed at evaluating the quality of assets and liabilities of the main insura...
ASF: AXA’s Takeover By Astra Conditioned By Astra’s Capital Hike And Financial Recovery
The transaction through which insurer Astra Asigurari will take over the Romanian division of French group AXA will be approved provided Astra increases its share capital and recovers financ...
World Bank To Provide Technical Assistance To Romania Financial Supervisory Authority
The World Bank will provide technical assistance to Romania’s Financial Supervisory Authority (ASF), based on a memorandum signed Tuesday.