Sales of RCA policies account for nearly 95% of the company’s portfolio.
Euroins is controlled by Bulgarian group Eurohold and is undergoing financial recovery. The financial recovery plan drawn up and approved by Romania’s Financial Supervisory Authority (ASF) includes measures aimed at improving the company’s financial situation and solvency by the end of the third quarter in 2016. In October 2015, ASF decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation, within one year.
Euroins will sell health insurance both directly to natural persons and to companies.
The total value of gross premiums underwritten on the health insurance segment reaches nearly RON100 million annually (EUR22 million), but insurers expect the market to double in terms of value in two years’ time.