The Romanian insurance companies will adopt on January 1, 2016 the European set of directives Solvency II aiming to increase the protection of the insured through the regulation and supervision of the sector, with the purpose of increasing the contribution to the economic development, announced the Financial Supervisory Authority (ASF) in a release. “After the public consultation and once the approvals were obtained from the ministries of Finance, Foreign Affairs and Justice, the project will be sent to the Government to be approved and then it will be sent to the Parliament in order to be debated and adopted. The law will have to be adopted by May 31, 2015,” reads the quoted document. Solvency II aims to create a united set of rules on the entire continent to be adopted by all insurance companies and supervisors on the European market. The regime’s main target is to increase the protection of insured through a better regulation and supervision of the sector, with the purpose to increase the contribution to economic growth.
Iohannis, first acting president who attends official event at Peles Castle: The Royal Family represents not only an essential page in the history of our country but also a symbol of the values I admire
Adam1, first humanoid robot built by Romanian students to be be unveiled at the Infomatrix competition
Iohannis asks Constitutional Court to settle institutional conflict sparked after ex-Minister Dan Sova’s reprieve
The Nine O’Clock Supplement
Nine O’Clock Announcements
5, Intrarea Armasului, District 1, Bucharest, Telephone: 317.71.36 / 317.71.35, Fax: 317.71.33 / 317.71.39
Nine O`clock Ads
Subscribe to RSS
Subscribe to RSS or enter you email to receive newsletter for news, articles, and updates about what's new.