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Euroins, fined by Financial Supervisory watchdog with over 5.8 million RON

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The Financial Supervisory Authority (ASF) sanctioned - Reinsurance, after a verification that took place during the period of May-October 2021, with a total fine of 5.86 million RON and imposed the company measures to remedy the identified deficiencies.

According to the legal provisions, within two months since the decision was received, the - Reinsurance will send to ASF for approval a plan for recovery, with measures for reestablishing the level of own eligible funds that cover the required solvency capital (SCR) or for modifying…

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