ING gets broker for optional pensions authorised

Amsterdam Broker de Asigurare and OVB Allfinanz Romania Broker de Asigurare are the first insurance brokers on the local market to apply to the Private Pension Supervisory Commission (CSSPP) for authorisation in becoming marketing agents for optional pensions. Set up in 2006, Amsterdam Broker is an insurance broker controlled by the ING Bank, through which the Dutch bank sells ING Asigurare Locuinta (ING Home Insurance) policies and ING Casco (ING Comprehensive Auto Insurance) policies. The Dutch bank sells its polices in over 100 ING Offices throughout the country. OVB Allfinanz is a German-owned insurance broker based in Cluj, which has been operating on the Romanian market since 2002. They have collaborated with AIG Life, Generali Asigurari, Wiener Staedtische, and Grawe. The insurance company Allianz-Tiriac in turn has submitted a request to be authorised as a fund manager and also an authorisation for its first optional pensions prospectus, after its creation was approved by the CSSPP in March this year. At present only ING Asigurari de Viata, Ernst & Young Assurance Services, Deloitte Audit and BRD have been authorised by the CSSPP to work within the private pensions system.