PAID
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Introduction Of Mandatory Home Policies Causes Surge Of Voluntary Insurance
Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies...
PAID Pays First Total Damage Claim For Mandatory Type B Home Insurance Policy
Romanian joint insurance company PAID on September 30 paid the first total damage claim for a type B building insured through a mandatory policy, worth EUR9,000, for a house in Iasi county,...
PAID’s Technical Reserves Exceed RON30M
The technical reserves of the Pool of Insurance Against natural Disasters (PAID) exceed 30 million lei (about EUR7 million), of which about RON400,000 represent approved and unapproved claim...
PAID's Portfolio Nears 820,000 Policies
Romanian insurer PAID's portfolio includes almost 820,000 mandatory home insurance contracts, covering around 10% of the homes in the country, and the company has underwritten premiums worth...
PAID Pays First Total Damage Claim For Mandatory Home Insurance Policy
Romanian insurer PAID on Monday paid the first total damage claim for a building insured through a mandatory policy, worth EUR20,000, for a house in Avrig, Sibiu county, which was destroyed...
PAID Sold 724,000 Mandatory Home Insurance Policies In 12 Months
Romanian insurer PAID sold 723,735 mandatory home insurance policies from July 15, 2010 until Friday, for 8.63% of the homes in the country, way below expectations, and paid damages for 16 c...