Romanian Postal Office Requests Insolvency of Its Own Insurance Broker

The Romanian Postal office has requested the insolvency of PRBA, the national postal operator’s insurance broker, Business Review reported. The company’s representatives made this decision as a result of analyzing the legal debt recovery options that PRBA had to register with the company. The broker has registered losses of RON 4 million in the last five years and receivables of RON 2 million. In October 2014, the Romanian Post launched its own insurance broker, willing to implement innovative insurance products as quickly as possible, targeting the traditional customer segment of the national postal operator. Starting May 2015, the Romanian Post offered the possibility to conclude insurance policies in post offices in several cities in the country, aiming at 300 work points across the country. Read more