About PAID
The Natural Disaster Insurance Pool (PAID) is an insurance-reinsurance company, with private capital, formed by the association of insurance companies for the conclusion of compulsory home insurance, in accordance with the provisions of Law no. 260/2008.
PAID was established as an insurance company in November 2009, by the association of 13 insurance companies (Ardaf, ABC Asigurari, Astra Asigurari, Carpatica Asig, Certasig, City Insurance, Credit Europe Asigurari, Euroins Romania, Generali, Grawe Romania, Groupama Romania, Platinum Insurance and Uniqa Insurance), PAID shareholders.
According to the law, PAID administers the compulsory home insurance system, which covers three basic risks specific to Romania: - Earthquake - Floods - Landslides.
The activity of the PAID insurance company in Romania PAID started in February 2010, and the first day of issuing the compulsory home insurance was on July 15, 2010.
Identification data:
CUI – 26191737
Nr. of order in reg. commerce J40/10819/05.11.2009;
ASF authorized sub nr. RA-065
Nr. record of personal data processing – 16321
Identity
Vision
We want to live in a united, responsible and thoughtful country, which is thinking about the future and is always ready to rebuild.
Less "it's not so bad" and more "let's make it right".
PAID is the financial reserve of a long-term thinking community.
Our vision for the future is that of a country for which housing reconstruction is not a burden.
Mission
Our mission is not only to provide financial protection against natural phenomena, but also to educate homeowners about the importance of insurance for a future more easy to rebuild. We are united by the same responsibility, so our goal is to provide financial protection against the 3 risks to all homeowners in Romania.
Values
Solidarity.
We operate on the principle of solidarity.
We all contribute, we all benefit, in case of a major disaster, regardless of social status, income or the area where we live. This value is the foundation on which we built PAID.
Responsibility.
We take our great responsibility seriously. That of honoring our obligations, whenever we are needed.
So we are constantly concerned with improving the activity and specific legislation, in order to fulfill our mission effectively.
Simplicity.
Protecting the home from natural disasters is a basic need, so we have created an insurance product that is easy to understand and distribute, in order to be accessible to all owners in Romania.
Management
President
Vice President
Member
Member
Member
General Manager
Deputy General Manager
Deputy General Manager
Shareholders
The PAID shareholding consists of 12 insurance companies, authorized to underwrite risks of natural disasters:
Reports (only in RO) except Transparency report.
Annual reports and financial statements
Conveners & Decision
Pregătiți să reconstruim împreună
RO
HU
