New consultations prepare insurers for EU accession

A new round of consultations with representatives from the insurance market is due to be held this week. According to Vasile Puscas, Negotiator for the EU and head of the National Delegation for Negotiating Romania’s EU Accession, these will concern the adoption and implementation of the acquis communautaire with regard to closing the negotiation chapter on the free movement of services. Commenting on the fears recently voiced by Romanian insurance companies about possible competitive pressures caused by entry into the European Union market, Puscas said, “some acquis regulations may alarm certain operators if they do not prepare in advance for operating on an enlarged insurance market.” “This is why we have called, and are still calling, on both operators on the insurance market and on the business community to become more actively involved in preparing companies for accession,” he said. ZF