Romania’s financial regulator starts controls at several big insurers

Romania’s Financial Supervisory Authority (ASF) has started a control at several insurance companies that have allegedly been refusing to sell mandatory car insurance (RCA) policies valid for one month.

The targeted companies are Asirom, Generali, Groupama, and Uniqua, according to an ASF press release.

The other four companies on the market that sell mandatory car insurance, namely City Insurance, Allianz-Tiriac, Euroins, and Omniasig, also sell policies valid for one month.

Groupama issued a statement yesterday saying that it too sells monthly RCA policies and that it has issued 452 such policies so far.

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