The relocation process was assisted by BNP Paribas Real Estate Romania.
PAID was established in 2009 through the association of 12 insurance companies (ABC Asigurari, Astra Asigurari, Carpatica Asig, Certasig, City Insurance, Credit Europe Asigurari, Euroins Romania, Generali, Grawe Romania, Groupama Romania, Platinum Asigurari and Uniqa Asigurari), shareholders of PAID.
PAID administers the mandatory home insurance system, which covers three basic risks specific to Romania, namely, earthquakes, floods and landslides.