Article 6: The “Elite” Companies

Article 6: The “Elite” Companies

The usual suspects’ dominate the list of companies that have requested their inclusion in Article 6.

According to sources the list includes ten insurance companies, most of which operate in the car insurance sector and are in the center of PISC’s audit, since the majority of them used the same layout last year.

Note that the relevant article allows for the favorable valuation of property and shares in the calculation of the solvency margin, by calculating the fair value of property, adjusted up to 30%, and the valuation of shares and mutual funds, based either to the average daily price or the current price.

PISC’s audit for the industry’s reserves and solvency continues, in spite the fact that the supervision is going through a transitional phase.

Click here for the Greek article.

 

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