Eurasia IC Added to USA List of Approved Alien Reinsurers
OREANDA-NEWS. July 10, 2012. Eurasia Insurance Company is added to the list of accredited foreign insurance companies in USA and has been issued an Identification Number. Such an opportunity will provide foreign companies favorable circumstances for an active work in the largest reinsurance market of the world, - the press service of the company informed, reported the press-centre of Eurasia Insurance Company.
Quarterly Listing of Alien Insurers is published by the National Association of Insurance Commissioners (NAIC). The Organization places high requirements of the companies to be included in the listing.
NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators of the country. NAIC together with state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. Thus, the inclusion of Eurasia in this listing indicates the reliability of the Company's strong financial performance and successful experience in the international reinsurance market.
According to the latest available data the U.S. insurance market is not only the largest for its collection of insurance premiums, but also the most developed region in the world. There are more than 3,000 insurance types with insurance premiums equal to USD4,000 per capita.
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