Why the wrong advice can be expensive

Bad advice on money issues. Financial advisors can be held liable for damages if they make mistakes. (Photo: dpa) Munich False information can cost a financial advisor dearly. Even if you only advised your clients verbally and didn’t even provide the information in writing. This was the experience of an insurance broker who checked with … Read more

Strong quarter for Allianz: Analysts mostly praise planned share buybacks

alliance logo The insurer launches a share buyback program after a strong third quarter. (Photo: dpa) Frankfurt, Munich After a strong third quarter, the Munich-based DAX Allianz group announced a share buyback program. From mid-November to the end of 2023 at the latest, the insurer wants to buy back €1 billion worth of shares, as … Read more

That’s how expensive it is for reinsurers like Munich Re

Daytona beach shores Beachgoers survey the damage caused by Hurricane Ian in Florida. (Photo: dpa) frankfurt Hurricane Ian hit Florida and South Carolina in recent days, causing widespread devastation. While the full extent of the damage has yet to be determined, there are signs that Ian could become the second highest insured loss disaster on … Read more

Insurance: inflation and weather: reinsurers want more money

Monte Carlo Pickel cited rising costs for auto parts and repairs as the reason. Here alone, price increases would be around ten percent. In the case of real estate, construction costs and values ​​have soared about 15 percent. In addition, Hannover Re wants surcharges for increased risks, for example as a result of increased natural … Read more

These are the best insurers in 2022

insurance for cyclists Digital policy conclusions are an important criterion for young target groups (Photo: dpa) Cologne Digital insurer Wefox relies on pure emotion in the competition for attention. The German-Swiss insurtech signed shirt sponsorship deals with Italian soccer champions AC Milan and Bundesliga club Union Berlin earlier this year. Wefox wants to reach existing … Read more

High inflation becomes a problem

Frankfurt, Munich Persistently high inflation is becoming a huge cost driver for insurers and their clients. It is now becoming apparent that the significant increase in procurement and raw material prices has markedly increased the cost of compensation for damages. The result: customers pay significantly more in some areas. “We see that the premiums have … Read more

Ransomware: why insurance against cyber attacks makes everything worse

Deal data hijacking Why Cyber ​​Attack Insurance Makes Everything Worse Posted on 05/23/2021 | Reading time: 4 minutes After a hacker attack, many companies quickly pay the required ransom. The reason for this often lies in their insurance contracts. Source: Bloomberg/Chris Ratcliffe Companies take out insurance against hacker attacks. Ransom payments are often included. But … Read more

Insurance from insurers is getting more and more expensive

Destroyed house on the banks of the Ahr The flood disaster at the end of July 2021 particularly affected the Ahr region of Rhineland-Palatinate. (Photo: dpa) frankfurt The many big losses this year are likely to see reinsurers’ premiums rise significantly next year as well. Jean-Jacques Henchoz, chief executive of Hannover Re, expects prices to … Read more

The situation of German life insurers has eased

life insurance The solvency ratio is an important benchmark for the resilience of insurers. (Photo: dpa) frankfurt According to GDV calculations, the capital buffers of German life insurers have increased significantly over the last year due to the gradual rise in interest rates. The solvency ratio rose from 199 percent to 245 percent to 255 … Read more

This is how the new German boss of Axa plans the future

Frankfurt, Munich Thilo Schumacher has been in charge of Axa Germany for less than a hundred days. However, because he was previously an assistant to Alexander Vollert, who was appointed in Paris, and has also been with the company since 2006, he did not need an induction period. In an interview with the Handelsblatt, Schumacher, … Read more

Partial nationalization of VIG shares in Hungary | Insurance | 02/17/2022

Austrian insurance giant Vienna Insurance Group (VIG) has made a far-reaching commitment. VIG can now take over Dutch insurance group Aegon’s businesses in Hungary; but it sells 45 percent of all its Hungarian business to the state. This follows from a statement from the listed company. According to this, there should initially be three holding … Read more

Megatrend creates challenges for insurers

Frankfurt, Munich Owners of Airbnb’s hosting platform have always paid for insurance, they just don’t notice it directly. Insurance coverage in the event of a client falling down the stairs during the stay is included in the global product. A so-called “integrated insurance”. The fact that insurance is offered as a package with other products … Read more

Gastronomy closure due to Corona: insurance does not have to pay NDR.de – News – Schleswig-Holstein

As of: 01/26/2022 16:04 As a general rule, restaurateurs cannot expect compensation from their insurance companies in the event of corona-related closures. The Federal Court of Justice in Karlsruhe decided on Wednesday. The first corona lockdown hit the catering industry hard. Like many others, Marco Ceccaroli had to close his restaurant “Bellavista” in Travemünde. “There … Read more

CEO of Axa: “Refugees do not have to worry about insurance”

Many practical questions arise for Ukrainian refugees in Germany. A visit to the doctor does not have to worry anyone, explains Schumacher, CEO of Axa, in the t-online interview. From one crisis to another: Thilo Schumacher took up his new role as CEO of Axa Versicherungen in Germany last December in the midst of the … Read more

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