The European Bank for Reconstruction and Development (EBRD) has engaged an international consulting company to conduct an independent actuarial analysis of the reinsurance contracts concluded by Euroins, EBRD Director for Central and South-Eastern Europe Charlotte Ruet said in a letter sent. on Tuesday to ASF President Nick Mark and Finance Minister Adrian Cacio, obtained by Profit.ro.
The EBRD tells the ASF that it supports Euroins management in further reducing its RCA market share to 25%, after falling below 28% last year due to a portfolio reduction of 250,000 compulsory motor policies.
The European Bank for Reconstruction and Development, which became a minority shareholder in Euroins following a deal signed in 2021 but approved by the ASF this year, initiated an independent actuarial analysis in February as a member of the insurer’s supervisory board.
The letter sent by the EBRD director to the ASF president contains these clarifications on the actions taken following the watchdog’s control report last month.
The EBRD promises to inform the ASF of the results of the analysis, which it wants to complete by March 31, 2023, according to Profit.ro, which presents the full document sent by the EBRD.
Source: Hot News
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