Euroins Romania is held by owned by Bulgarian Eurohold group.
In early February 2020, Euroins went under the administration of the Policyholders Guarantee Fund (FGA). Previously, the company had been fined a total RON650,000 by the Financial Supervisory Authority (ASF) for various irregularities.
Euroins Romania paid 26% more damage claims in the first half of 2020. The average value of an RCA claim remained stable, with a slight decrease from one year to another. Furthermore, the number of petitions submitted to ASF Romania dropped 45% in August compared to January 2020.
The share capital increase will be carried out under the form of subordinated debts and capital infusions, which will be entirely transferred in the next two months.
The company registered underwritten gross premiums of RON662.2 million in the first half of 2020, 7% higher than in the same period in 2019.
In 2019, the company paid damage claims of RON882.4 million, 34% more than in 2018.