Only 289 insurance brokers and / or reinsurance of 552 present in the domestic market met on 27 January the new capital requirements, conforming to the minimum threshold of RON 150,000, according to the Financial Supervising Authority (ASF) data, released on Thursday.
Also, 85 companies have their business activities suspended or prohibited. At the same time, 36 insurance brokers have requested until 31 December 2015 the approval of withdrawing the functioning authorization or suspension of activity, for not having minimum capital required by regulation.
Furthermore, ASF has notified 75 brokers for failing to increase the share capital.
Of the 552 brokers registered on market, 19 are in insolvency proceedings.