The FSA recommends the increase of the identification actions, surveillance and control of the excessive behavior in the insurance sector

According to AGERPRES, the Council of the Financial Supervision Authority (FSA) recommends that the insurance - reinsurance industry increase the actions of identification, supervision and control of the excessive behavior of the insurers and insurance intermediaries, according to a press release issued by the institution.

"The FSA Council made proposals to improve the initiatives of the regulatory framework and recommended the insurance - reinsurance industry to increase the actions of identification, supervision and control of the excessive behavior of the insurers and insurance intermediaries, as well as proposals for decisive sanctioning of all deviations from the regulatory framework, ethics in the activity of insurance and the fair treatment of consumers", is shown in the press release.

 

For more information, please see the Romanian version of the article, here.

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