The management of Euroins Romania Asigurare Reasigurare SA, one of the largest motor insurers in Romania and Euroins Insurance Group AD (EIG), has acknowledged the most recent ruling of ASF

Euroins Romania welcomes the public clarifications which ASF made: “ASF stresses that Euroins meets the prudential indicators, both in terms of minimum capital requirements (MCR) and in terms of solvency capital requirements (SCR - Solvency Capital Requirement)”, as well as the fact that the company is not under special administration, as wrongly alleged (link to ASF release).

Regarding the nomination of a new Board of Administrators, which is the prerequisite for the termination of the temporary mandate of the Guarantee Fund under the Decision of the ASF, the company has already discussed with ASF the proposals for the new members, all proven professionals throughout the region and the European Union.

The shareholders of Euroins Romania have summoned a General Assembly on March 16, 2020, to elect the new members of the Board. After this procedure, we are confident that all requirements will be met and the Company will enter its common operational cycle, focusing on its continuous improvement of the servicing of its clients and partners. 

Euroins Romania Asigurare Reasigurare ended 2019 with an increase of its sales of 27% and overall GwP of 1.279 billion lei, however, 2020 would be the year of portfolio, operational and technological improvements and improved, high-level care for the customer.