It was during the presentation of its financial indicators report, for the first two months of the year.
A total of 10 foreign firms identify the SIS did not have legal permission to offer services in the local market or government offices to which the user can use in case of problems, explained how the regulatory body of insurers.
The firms named in the table were reported by users concerned and in other cases by other insurers.
As explained from the Superintendent of Insurance, these companies are not qualified or authorized to issue policies or insurance coverage of any kind, either as insurance companies or as authorized representatives throughout the country, in accordance with Article 125 of Law 827 / 96 which governs insurance companies.
The Superintendent of Insurance has the supervision of a total of 32 insurance companies and can access the details of each on the website of the Central Bank (www.bcp.gov.py).
External trade
The type of operations that often have involvement of these companies are international trade, such as buying foreign goods, including vehicles or other goods.
When purchasing goods from abroad, the person may engage in that country a safe transport of these goods, which can not be done, or you risk doing so is to accept a policy of alleged local representatives of one of those insurance because they have no jurisdiction Paraguay and, consequently, the user will not know who claim, much less think about opening a foreign judgment which should enable a security deposit for the effect and costs themselves are enormous. In this sense, the SIS has already received several complaints in his office in defense of the user, as a result of claims that these companies did not pay. The losses caused to users any company would total $ 100,000.
Indicators
Moreover, the superintendent of insurance issued yesterday the financial position of the 33 companies qualified, with key ratios to February this year. Among those who emphasize the gross loss ratio (from accidents or incidents occurring to February) with an average of 48 points. The highest rates recorded Paraguayan Company SA The Southern (91 points), well above the system average, and Sancor Insurance (54 points). While the index of system performance (profit) was 10 points, recorded negative returns Empire Insurance (-24) and Sancor Insurance (-16).
No comments:
Post a Comment