economedia.ro/alexandru-petrescu-asf-doar-un-sfert

Only about a quarter of homes in Romania are covered by mandatory disaster insurance, highlighting the need for increased awareness and financial preparedness among the population. Alexandru Petrescu, president of the Financial Supervisory Authority (ASF), emphasized the importance of regional cooperation to enhance financial protection against natural disasters during a recent meeting in Bucharest. The meeting focused on the feasibility study regarding risks and regional cooperation opportunities. Petrescu also stressed the significance of collaboration with the European Insurance and Occupational Pensions Authority (EIOPA) to better understand insurance coverage disparities across countries. The ASF remains committed to sharing experiences and working with regional and international partners to strengthen resilience against natural disasters.