ASF's Ionescu: Some insurance companies had failures, market share and not enough staff

The Financial Supervisory Authority (ASF) has discovered, in the inspections carried out at some insurance companies, certain shortfalls not because there was such an intention, but because they took market share and did not have enough staff, ASF head of the General Insurance Directorate Valentin Ionescu said on Thursday."Unfortunately, in the controls we have done, we have seen that some insurance companies have had some failures not because they were ...

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