BUSINESS IN SHORT

Social insurer turns debt collector

THE STATE-RUN social insurer Sociálna Poisťovňa has improved its collection of insurance fees. The head of the insurer, Ľuboš Lopatka, said that since January 2011 the amount of money owed by private individuals and companies has dropped by one third, the Sme daily reported.

THE STATE-RUN social insurer Sociálna Poisťovňa has improved its collection of insurance fees. The head of the insurer, Ľuboš Lopatka, said that since January 2011 the amount of money owed by private individuals and companies has dropped by one third, the Sme daily reported.

“Over the first seven months [of 2011] 79,395 cases were submitted to executors,” Lopatka announced, as quoted by Sme, adding that this represented a 151-percent increase.

The social insurer says it is currently achieving a 106-percent collection of fees and debts. After being inactive in this area for years, the social insurer now publishes the names of debtors online and has increased bonuses for staff who successfully collect the amounts due. Thanks to the increase in the number of solved cases the state could reportedly save up to €100 million.


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