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Debate: Romania: one other bancrupt insurer

The bankruptcies of the market leaders appear to at all times comply with the identical sample, enterprise weblog revenue.ro feedback:

“Insurers have at all times used the identical system: by providing the bottom costs they shortly gained a big market share. To start with, legal responsibility insurances are a money cow, they only acquire cash. However when the time comes to begin paying out for claims, they put this off for so long as doable, contest the instances, hope that penalties of the monetary authorities will not come till later and attempt to conceal the reinsurance and liquidity state of affairs as finest they’ll. Ultimately the bubble bursts. … Then it is time for a brand new star to be born available on the market, providing the most affordable insurance policies. And the entire course of begins once more.”

This text was initially printed by eurotopics.internet. Learn the unique article right here.

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