POLAND - At least six insurance companies were unable to meet the basic security standards required by Polish law at the end of 2002 according to KNUiFE, the Polish Pension and Insurance Funds Supervisory Commission.
According to a report in the Polish News Bulletin, KNUiFE’s quarterly report has not been officially released yet and could extend this list to eight.
The companies which may be removed from the watch list are Link4 and Moje Towarzystwo Ubezpieczeniowe.
According to the KNUiFE report Link4 had technical problems with registering of the issuance, which caused its solvency rate to fall below the required minimum in the second quarter of 2003. KNUiFE declined to reveal the other companies, but stressed that the names have not changed for two years.
But a separate analysis pointed to Heros, Compensa, Filar, Agropolisa, Florian and TU Daewoo companies, added the report.
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