​Claims and customers who have terminated their contracts with Euroins should receive, starting from Wednesday, May 17, the amounts claimed from the Policyholder Guarantee Fund (FGA), but within the limit of 500,000 lei per insurance contract. The FGA has yet to make any official announcements.

According to the law, the Insurers’ Guarantee Fund (FGA) can start making payments 60 days after the publication in the Official Monitor of March 17, 2023, of the ASF’s decision to withdraw the authorization to operate Euroins, a deadline that is being met today.

The FGA is expected to provide clarification on this matter later today.

By May 1, 2023, more than 60,000 payment requests were sent / Why are only half officially registered

The latest figures released by the FGA show that, as of 1 May 2023, the Fund had received more than 60,000 payment requests from affected parties and former Euroins customers for compensation and, accordingly, the return of premiums after termination of contracts. with this insurer.

However, less than half of them are officially registered.

From 17 March 2023, the date of cancellation of Euroins’ operating license, to 1 May 2023, the FGA received 61,131 inquiries related to requests for payment, either for compensation or for the return of a premium.

Of these, however, 27,453 payment claims have been officially registered, of which 19,637 payment claims for compensation/reimbursements – Appendix 10 and 7,816 payment claims for the return of premiums – Appendix 9.

In the same reporting period, the FGA reports that it received 10,722 requests to open claims, of which it officially registered only 8,045 requests.

Why are there such large differences between applications received and officially registered FGAs?

• “The final number of payment requests registered in the FGA may differ from the number of received requests due to the fact that some requests are sent several times (duplicates), through several communication channels (e-mail, portal, mail, etc.) or there are requests that are not fall under the category of payment requirements (requests, various requests, questions, etc.)”. supports FGA.

Another reason it is also the fact that FGA is behind the official registration of these payment claims, currently registered claims received by March 31-April 1, 2023.

Therefore, the FGA encourages potential creditors of Euroins to submit payment claims (Appendix 9/10) as well as requests to open loss files (Appendix 7) only through the special portals presented on the FGA website, a fact that will facilitate registration activities and further application processing.

The FGA logs claims in the order they are received and distributes them for opening claim files or analysis in the same order.

Romanians requesting the opening of damage files at the FGA must also subsequently submit a payment request to receive adequate compensation.

According to the law, payments for all these requests cannot be made by the FGA earlier than 60 days from the date of publication in the Official Gazette of the decision of the ASF to withdraw the authorization to operate Euroins, a period that begins on May 17, 2023. .

More than 2.4 million cars are currently driving with RCA insurance in Euroins: how many Romanians have terminated their contracts

​Romanians insured by RCA in Euroins were in no hurry to cancel their car policies, which, according to the law, are valid despite the withdrawal of the operating license and the declaration of insolvency of this insurer.

The reasons are the higher price they would pay for the new RCA insurance and the fact that they would have to wait to get their money back from the FGA if they canceled the policy.

How many Romanians have decided to terminate their RCA insurance in Euroins?

• “According to the data sent by the insurer, until April 27, 2023, Euroins received 19,794 requests to terminate insurance contracts,” said the data sent to HotNews.ro FGA.

By law, the FGA will be able to refund them the difference in premium remaining on the contract for the period during which the risk was not covered by Euroins as a result of the termination of the contract, only from 17 May. , 2023. Applications are considered in the order of receipt and registration.

• How many RCA policies issued by Euroins are currently in force?

“According to the data sent by the insurer, on April 28, 2023, 2,409,669 RCA policies remained in force,” FGA representatives told HotNews.ro on Friday.

• Read more: How many cars are still on the road with RCA insurance in Euroins: Only around 20,000 Romanians have canceled their policies / When will they get their money