Negritoiu told a conference organized by Ziarul Financiar and Omniasig that the evaluation is very important, as it is a credible action, developed jointly with the European Commission at European standards.
The first stage of the insurers’ overview program included 13 companies with an overall market share of over 80%.
According to Negritoiu, Romania used to have problems with the quality of financial data on the insurance market, which was subject to various improvisations, given that no professional audit was carried out before.
Sources on the insurance market said Wednesday that ASF will publish the global results of the insurers’ examination program, not the results of each company.
On Wednesday, ASF announced it will carry out stress tests and evaluate the assets and liabilities of another 21 insurance companies, between August 1 and October 31.
The 21 companies are ABC, Asito, Asimed, ATE, BCR Viata, BRD Viata, Certasig, City, Credit Europe, Ergo, Eurolife ERB Generale, Eurolife ERB Viata, FATA, Forte, Garanta, Gothaer, Grawe, LIG, Onix, Signal Iduna and Uniqa Viata.