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3Q 2014 PRELIMINARY RESULTS

3Q 2014 PRELIMINARY RESULTS

2014: a paradoxically year! How will it be 2015?
In 2014 seems figures did not matter that much in the market landscape. News about financial results, have already become routine at the end of each quarter, were overshadowed by more spectacular topics field related… all year round!
That ends a tumultuous year marked by resignations at the top of supervision, prosecution, imprisonment, a new supervisory authority board every three months … and recently even street protests on the subject of insurance.
Paradoxically, it seems that the market analyzes have lost popularity. Even so, in the second place, the market figures protesting for a long time! For too long we look at the figures and ask … how is this possible?
For too long this area is sandwiched between voice insurance policyholders who want cheap, quick and valuable compensation possible. For too long insurers are caught – intentionally or term – between fighting low prices, increasing claims and the dissatisfaction of the insured!
The short term mirage of market shares and cash rush led, in fact, to poor service… The paradox is, that “we want” maintaining low prices but also reliable services!
2014 will enter into this paradoxical situation and market players – companies, brokers, supervisor … will have to solve problems accumulated in years … at most a few months!

Alex ROSCA

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