Bucharest – January 21 2021, Policyholders Guarantee Fund (FGA) has effected, last year, payments in excess of 123.000 thousands lei. With this, the total payments effected by the Fund in the last 5 years amounts to 913.000 thousands lei. Payments were effected for 104.681 payment requests endorsed by the Special Commission of the Fund, for insurance creditors of insurers in winding-up: Astra Asigurări, Carpatica Asig, Forte Asigurări.
Last year, insurers previously mentioned were joined by Certasig Insurance Reinsurance S.A., insurer for whom the Financial Supervisory Authority decided, through Decision no. 209/20.02.2020, the withdrawal of the functioning authorization, ascertainment of insolvency and endorsement of request for commencement of winding-up procedure. For Certasig, the decision for commencement of winding-up procedure became final at the beginning of 2021, through Court ruling.
In 2020, FGA received payment requests for Lig Insurance also, insurer for whom the Court dismissed the request for commencement of winding-up procedure.
In total, for the 5 previously mentioned insurers, FGA received 105.383 payment requests. 66.899 payment requests were submitted by insurance creditors of Astra Asigurări, 36.625 payment requests were submitted by insurance creditors of Carpatica Asig, 1.374 payment requests were submitted by insurance creditors of Forte Asigurări, 416 payment requests were registered on behalf of insurance creditors of Lig Insurance and 69 payment requests were registered on behalf of insurance creditors of Certasig.
On statistics, the payments effected by the FGA in 2020, in total amount of 122.962 thousands lei, are on a decreasing trend (by 27%) compared to 2019, when FGA effected payments in amount of 168.872 thousands lei. Out of the total payments effected in 2020, 39.906 thousands lei were paid to insurance creditors of Astra Asigurări, 82.597 thousands lei were directed to insurance creditors of Carpatica Asig and insurance creditors of Forte Asigurări received compensation in amount of 459 thousands lei.
Out of the total value of payments effected by the FGA in the past 5 years, respectively 912.831 thousands lei, 466.678 thousands lei were paid to insurance creditors of Astra Asigurări, while insurance creditors of Carpatica Asig claimed 437.733 thousands lei. Payments of compensation in amount of 8.420 thousands lei were granted to insurance creditors of Forte Asigurări.
For the current year, FGA is focusing the activity on analyzing claims regarding administrative recourse, as well as on the registering and analyzing of payment requests from insurance creditors of Certasig.
There is focus also on Insurance Reinsurance Company Asimed – S.A., as the Financial Supervisory Authority, through Decision no. 1493/2020 published in the Official Journal of Romania no. 14/07.01.2021, decided on monetary sanction, withdrawal of functioning authorization and ascertainment of insolvency. The next step is for the Financial Supervisory Authority to request, in Court, the commencement of the winding-up procedure.
