Magazine date:
Jan 2016 The regulatory authority has imposed a series of new measures designed to reinforce the sector. The elaboration of a list of insured having premium arrears is one of the most important among those measures. Consequently, insurers are now required to update their information system while banks will gain access to the names of bad payers. Only customers not standing on those lists will be entitled to loans. Another landmark measure: insurance companies are invited to cede their reinsurance business to the companies possessing a rating. Otherwise, they will have to maintain a higher level of capital.