Insurance compensations of 26.5 million euros paid in 2020 for property insurance

Compensation amounting to 26.5 million euros was paid within 2020 by insurance companies for property insurance (7.7 million euros for housing and 18.8 million euros for other risks) while a stock of outstanding claims was formed on 31/12/2020 € 59.6 million (€ 10.3 million for housing and € 49.3 million for other risks).

Rapid deterioration of the demographic problem – A time-bomb ticking on the foundations of pensions

The reduction in births and the doubling of the elderly is a -potentially- demographic time-bomb that puts the future of the insurance system and the possibility of providing guaranteed -in terms of amount and continuity- pensions in doubt .

Bulgaria: 60 by 40 Measure Will Last Until End of the Year, but with New Design

The National Council for Tripartite Cooperation (NCTC) supported the extension of the measure 60 to 40 by the end of the year.

The measure has a new design and provides compensation for the business according to the decline in its turnover.

For companies with a decrease of 30% the compensation will be 50%, and for those with a decrease of 40% the aid will be 60%.

Prosecutors seize documents from City Insurance

Prosecutors with the General Prosecutor's Office on Thursday morning were seizing documents from the City Insurance company's headquarters, as part of a criminal case opened following a complaint filed by the Financial Supervisory Authority (ASF). The representatives of the General Prosecutor's Office claimed that there were no searches, but documents were seized from the insurance company.

Insurer Sava Re posts 35.3% profit growth in first six months

Ljubljana – Insurer Sava Re generated a net profit of EUR 43.5 million in the first six months of 2021, an increase of 35.3% compared to the same period last year. The group collected gross premiums of EUR 414.5 million, a growth of 10.9%, show unaudited interim results released on Thursday.

Caretaker HM Katsarov - It Will Be Good to Abolish Monopoly of National Health Insurance Fund

The change in the financing of health care should start in the first place with the abolition of the monopoly of the National Health Insurance Fund in order to create competition for health insurers.

This is the fastest way to reach fair market prices for medical services. If there is no agreement, the prices of medical services can be adjusted in the conditions of a monopoly.

COTAR: ASF raises RCA tariff, despite decrease in number of accidents

The Financial Supervisory Authority (ASF) has increased the reference tariff of Civil Auto Liability insurance (RCA), despite the number of auto accidents going down, reads a press release sent on Wednesday by the Confederation of Operators and Authorized Transporters of Romania (COTAR). "COTAR expresses its concern regarding the increase in the RCA reference tariff, published by ASF.