The fourth edition of the PAD (Natural Disaster Insurance Policy) Caravan has started

Bucharest, 11 October 2021 – The Financial Supervisory Authority (FSA) launched today the fourth edition of the PAD Caravan, a campaign to raise awareness of the importance of taking out compulsory home insurance.

Representatives of the Financial Supervisory Authority, together with those of the Natural Disaster Insurance Pool (PAID), are travelling from 11 to 15 October 2021 to several towns in western Romania to discuss with citizens and local authorities the benefits of PAD insurance and the risks it covers.

The PAD Caravan will distribute information material and hold question and answer sessions on compulsory home insurance.

The PAD Caravan Programme

Route 1

• 11.10.2021 – Bistrița (PAD coverage - 29.36% - 29,36%);
• 12.10.2021 – Baia Mare (PAD coverage - 29.36% - 23,06%);
• 13.10.2021 – Satu Mare (PAD coverage - 29.36% - 23,96%);
• 14.10.2021 – Zalău (PAD coverage - 29.36% - 30,26%);
• 15.10.2021 – Oradea (PAD coverage - 29.36% - 26,17%).

    Route 2

• 11.10.2021 – Deva (PAD coverage - 29.36% - 29,45%);
• 12.10.2021 – Arad (PAD coverage - 29.36% - 33,54%);
• 13.10.2021 – Timișoara (PAD coverage - 29.36% - 36,97%);
• 15.10.2021 – Slatina (PAD coverage - 29.36% - 20,29%).

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About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance markets, private pensions, as well as the capital market. The FSA contributes to strengthening the integrated functioning framework of the three sectors, amounting to over 10 million participants. More information can be found on www.asfromania.ro.