SOLVENCY II
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Rules and Transparency Of Solvency II Standards To Support Reconstruction Of RCA Market - ASF Head
The rules and transparency of Solvency II standards will support the reconstruction of the mandatory car insurance RCA market, which has been nonperforming for too long, Misu Negritoiu, head of Romania's Financial Supervisory Authority ASF, told a news confere...
Gothaer Says It Took Measures To Meet Solvency II Standards
Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, on Tuesday said it meets Solvency I standards and took certain measures to meet Solvency II standards, namely it hiked sh...
ASF: Three Insurers Don't Meet Solvency II Minimum Capital Requirements, Solvency Capital Requirements
Romanian insurers Signal Iduna, Forte Asigurari Reasigurari and Gothaer don't meet minimum capital requirements (MCR) and solvency capital requirements (SCR) under Solvency II standards, whi...
ASF: Five Romanian Insurers Don't Meet Solvency II Minimum Capital Requirements
Insurers Axa, Astra, EximAsig, Euroins and Carpatica don't meet minimum capital requirements under Solvency II standards, which become mandatory as of January 1, 2016, Romania's financial re...
ASF: Romanian Insurers To Apply Solvency II Directive As Of January 1, 2016
Romanian insurers will apply the EU directive Solvency II, which aims to unify a single EU insurance market and enhance consumer protection, as of January 1, 2016, to increase their contribu...
UNSAR: Solvency II To Entail Significant Costs For Romanian Insurers
Romanian insurers will need tens of millions of euros to upgrade IT systems in order to implement the European set of directives Solvency II, Cristian Constantinescu, president of the Romani...