By Petre Barac

Copyright thediplomat

“We are the largest broker in CEE. Last year we brokered premiums worth over one billion euros, and together with our partners at Gallagher we rank among the top three globally. Our goal is to become the best consultant in the world.

The insurance market is ready for the emergence and development of new technologies. There is no such thing as ‘it can’t be done’ in insurance. There is always a solution for everything, but at the right price,” said Andrei Căvescu, Placement & Business Development Specialist IBC Romania, Renomia | Gallagher, at the Green Energy Conference organized by The Diplomat-Bucharest.

Key statements:

“The issue is that when it comes to price, there is always a question mark — for both financiers and especially for buyers.”
“In insurance, there is the concept of probable risk, which may occur at some point in time, but not with certainty.”
“Everyone is talking about energy storage, it is the hot topic these days. Another technology we need to pay attention to, and which I believe will develop in Europe, is hydrogen. Investments in IoT and AI also come with major risks in the area of cyber liability.”
“I am optimistic that within one to five years, Romania will be able to export electricity very easily.”

Renomia is an international provider of insurance and financial consulting services with own-brand branches in thirteen countries in Europe and with worldwide operations through a network of partners.

Renomia Group companies specialize in professional insurance solutions for various industries and sectors like construction, agriculture, aviation, food production, green energy, transport and logistics, marine cargo, cyber and more.