9 EU insurers send notifications in one week

Nine insurance companies from the European Union notified the Insurance Supervision Commission (CSA) last week of their intention to conduct insurance-related activities on the Romanian market, with the number of players on the market to rise to 84. “At the moment we have not set a clear strategy for Romania. I can say, however, that we are a global insurer and in order to be sure we can sign policies everywhere in Europe, we are looking to secure an operating licence in each new member state of the EU,” Carne Curgenven, communication manager of Brit Insurance Holdings told ZF. The British insurer is not the only insurance company that sees this notification as a natural step in an attempt to make an extensive range of products available. “This notification is rather a formality, since for the time being, we are predominantly interested in conducting reinsurance operations, which are our core business (…),” said Beat Werder, public relations manager of Converium insurance company.