Press release

The Policyholders Guarantee Fund recommends Astra claimants to submit all documents necessary for the completion of the claim files

Bucharest, 10th of March 2016 – Until 1st of March 2016, the Policyholders Guarantee Fund (FGA) approved in the Special Commision a number of 2031 claim files for a total payment value of 8,2 million LEI, 7257 claim files being underway for approval.
In the following period, the Special Commission, which has the main attribution of approving or, as appropriate, rejecting claim files pursuant to art. 13 para. (4) of Law no. 213/2015, shall analyze another 2500 claim files for which insurance creditors submitted all documents necessary for the completion of the claim files, as well as 350 claim files relating to binding judicial decisions.
Moreover, the Special Commission shall analyze 4407 claim files relating to payment requests for the return of the quota of insurance premium, following the denouncement of the insurance contracts by the insureds of Astra.
The Policyholders Guarantee Fund recommends all creditors that submitted payment requests and received notifications requesting the completion of the supporting documentation to promptly undertake the necessary measures, as claim files that are complete benefit from faster payment of indemnity.
Until 29th of February 2016, the Policyholders Guarantee Fund registered 21.371 payment requests in its evidences.

As a reminder for potential insurance creditors of Astra Asigurari, pursuant of art. 266 para. (2) of Law no. 85/2014, FGA is entitled to make payments from its available assets to insurance creditors only after the decision for opening the bankruptcy proceedings remains final and binding and only to claimants that submitted payment requests and have claim files that are complete. The payment of compensation shall be effected within a guarantee threshold of 450.000 LEI per each creditor.

About FGA
Policyholders Guarantee Fund was established as a legal person of public law in compliance with Law no. 213/2015 regarding the Policyholders Guarantee Fund.
The Fund is an insurance guarantee scheme and has the purpose of protecting insurance creditors
against the consequences of an insurer’s insolvency.

For further details,
Communication Department:
E-mail: comunicare@fgaromania.ro

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