378th Financial Supervisory Authority meeting: Warta and Gothaer are punished

Dodano: 16-01-2018
Publikator: Financial Supervisory Authority

The 378th Financial Supervisory Authority (KNF) meeting was held on 9 January.

The Authority gave Elżbieta Pacholczuk and Andrzej Grzycha consent to become the board members responsible for risk management. Pacholczuk will work in both insurance companies of BZ WBK-Aviva. Grzycha will become a Credit Agricole Towarzystwo Ubezpieczeń board member. 

KNF imposed financial penalties on:

  • Towarzystwo Ubezpieczeń i Reasekuracji "Warta" SA at the level of PLN 390,000.
  • Gothaer Towarzystwo Ubezpieczeń SA at the level of PLN 57,000.

The insurers were punished for delays in awards and payment of motor insurance compensation and failure to fulfil reporting obligations.