Nicu Marcu

Online app for authorization process on non-banking financial market launched by ASF

The Financial Oversight Authority (ASF) has launched an online instrument that facilitates the process of authorization on the non-banking financial market which is part of the institution's strategy to digitize its activity, announced, on Thursday, the ASF.

Insurance market registers 2.3% of GDP, first gross premiums go up by 5% in 2020

The Romanian insurance market had a weight of 2.3% of the Gross Domestic Product (GDP) in 2020, and the first gross premiums have gone up to 11.5 billion RON, rising by 5% from 2019, announced on Thursday, during a specialty conference, Nicu Marcu, the chairman of the the Financial Supervisory Authority (ASF).