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© 2014 NTMO sprl, a Romanian law firm, member of the Bucharest Bar Association. NTMO is associated with KPMG Legal, an international
network of independent law firms. All rights reserved. Printed in Romania.
Issue 95
Legislative amendments on
outsourcing of activities by
insurers
Norm no. 25/2014 issued by of the Financial Supervisory Authority
(“ASF”), amending the Norms regarding the principles for the
organization of an internal control and risk management system and
the organization and performance of internal audit activities by
insurers/reinsurers, approved under Order 18/2009 by the President
of the Insurance Supervisory Commission, was published in the
Official Journal of Romania, Part I, No. 835 of 17 November 2014
(“Norm no. 25/2014”).
Pursuant to Norm 25/2014, insurers/reinsurers will have the
possibility to outsource, subject to prior notification of ASF, the
establishment of damages and settlement of claims deriving from
compulsory motor third party liability insurance for damages resulting
from road accidents in Romania.
Under the currently applicable regulations, as a general rule,
insurers/reinsurers may outsource the establishment of damages and
settlement of claims for types of insurance coverage other than the
compulsory motor third party liability insurance for damages resulting
from road accidents in Romania.
Norm no. 25/2014 will take effect on 1 January 2015.
Modificări legislative privind
externalizarea activităților de
către asiguratori
În Monitorul Oficial al României, Partea I, nr. 835 din 17 noiembrie
2014, a fost publicată Norma Autorității de Supraveghere
Financiară („ASF”) nr. 25/2014 pentru modificarea Normelor
privind principiile de organizare a unui sistem de control intern şi
management al riscurilor, precum şi organizarea şi desfăşurarea
activităţii de audit intern la asigurători/reasigurători, aprobate prin
Ordinul preşedintelui Comisiei de Supraveghere a Asigurărilor nr.
18/2009 („Norma 25/2014 ”).
Prin Norma 25/2014 se instituie posibilitatea ca
asigurătorii/reasigurătorii să externalizeze, cu notificarea prealabilă
a ASF, activitatea de constatare şi lichidare a daunelor, inclusiv
pentru asigurarea obligatorie de răspundere civilă pentru prejudicii
produse prin accidente de vehicule pe teritoriul României.
Conform reglementărilor aplicabile în prezent, ca regulă generală,
asigurătorii/reasiguratorii pot externaliza activitățile de constatare
şi lichidare a daunelor, cu excepția celor privind pentru asigurarea
obligatorie de răspundere civilă pentru prejudicii produse prin
accidente de vehicule pe teritoriul României.
Norma 25/2014 va intra în vigoare la data de 1 ianuarie 2015.
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we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or
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examination of the particular situation.
© 2014 NTMO sprl, a Romanian law firm, member of the Bucharest Bar Association. NTMO is associated with KPMG Legal, an international
network of independent law firms. All rights reserved. Printed in Romania.
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