The pigs, the pumpkins, the melons and their servants in the FSC are already agonizing, but in the captured state they continue to rob – DallBogg is next: mathematics in the dark and forecasts based on a “secret” methodology!
Is the first major surprise for the new government after the elections being prepared – will the insurance sector and the Guarantee Fund explode?
The repression by the FSC is advancing through a “secret” report commissioned from EIOPA, in which the revocation of the license and the bankruptcy of the largest and best-capitalized Bulgarian insurer are prescribed. EIOPA wants to provide the report, but the FSC refuses to provide the report it refers to in order to stop, on 2 April this year, the sales of DallBogg’s most sought-after insurance policies in Bulgaria as well.
After stopping sales in 6 European markets and financially suffocating DallBogg instead of encouraging and supporting it, as other non-captured states do, for exactly 12 months now, the Bulgarian regulator, unlike anyone else in the world, has blocked the registration of a record new capital contribution, criminally cut the valuations of the assets by blackmailing dependent appraisers, and is now inflating the forecast for technical reserves many times over – entirely in the dark. As if it were a death sentence to be carried out without reasoning and evidence.
If the gang in the FSC revokes DallBogg’s license, the plundering of the clean, people’s and large DallBogg will begin with the political and bureaucratic vegetable patch. And we, the insured taxpayers, will have to pay even higher prices for insurance for our cars, health and property.
We must stop this outrage, robbery and criminal administration!
Prof. Dr. Daniel Kostov, DSc
