SWISS Re: The changes of the medical malpractice regulation could lead to a situation similar to that on the MTPL segment

20 September 2013 — Mihai CRACEA
eveniment_swiss_reThe future changes of the regulation regarding the medical malpractice insurance in Romania would lead to a situation similar to the one experienced on the MTPL segment, according to SWISS Re's representatives who participated in an event organized in Bucharest on September 19.

More precisely, introducing the coverage for moral claims in the mandatory policy for malpractice of the medical personnel (according to the new law project) could lead to a rise in the number of court cases for moral claims. At the moment, these insurance policies cover only material damage.

On the MTPL segment, where the policy covers moral claims as well, certain lawyers "hunt" the victims of car accidents in order to represent them in a legal process against the insurer and, thus, gain significant sums of money, as fees, from the claims obtained in court.

The malpractice in the medical sector is, at the moment, in the center of the authorities' attention, since the Ministry of Health has put forward for public debate various law projects, including the law on the third party liability of medical personnel. The new regulations aim at changing various aspects of the current law regarding the medical malpractice insurance.

Moreover, during the event organized in Bucharest, the representatives of SWISS Re, the world's second largest reinsurer, reaffirmed Romania's importance for the Group's development strategy. Nicola RAUTMANN, the Group's new Managing Director for Central and Eastern Europe, Russia and CIS, pointed out that the national market is dynamic and growing continuously, especially on the insurance segment, thus opening new lines of business.

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