In February 2020, Romania’s financial regulator ASF decided to revoke Certasig’s license, per sources on the insurance market.
ASF has not provided any information lately regarding CertAsig’s bankruptcy.
On February 19, 2020, the financial regulator decided to revoke the license of insurer Certasig for failing to cover minimum capital requirements. The board of the financial regulator also noted the insurance company’s state of insolvency and decided to start legal procedures to have it declared bankrupt.