What financial advisers are advising clients to do with higher insurance premiums

Accident investigation If repair costs increase due to inflation, the costs for the insurer and consequently for the insured increase. (Photo: dpa) Cologne Insurance brokers have a lot of work to do. Because rising prices are having an impact on homeowners insurance coverage and premiums. Policies are getting more and more expensive. Even the financial … Read more

Hannover Re expects these price increases

fender bender There are more people on the streets again. As a result, more accidents happen. (Photo: imago stock&people) Baden Baden The world’s third largest reinsurer, Hannover Re, believes there is a need for German auto insurers to raise prices considerably in the current changing season. Due to the sharp increase in the prices of … Read more

Bafin warns insurers to be careful when paying dividends to shareholders

BaFin in Frankfurt Insurance supervisory chief Frank Grund is preparing the industry for tough times. (Photo: Bloomberg) frankfurt In view of the current challenges, financial regulator Bafin is asking insurers to reconsider high dividend payouts. In the face of geopolitics, the pandemic, inflation, and interest rate reversal, the industry is facing tough times. “Insurance companies … Read more

Bafin warns insurers to be careful when paying dividends to shareholders

BaFin in Frankfurt Insurance supervisory chief Frank Grund is preparing the industry for tough times. (Photo: Bloomberg) frankfurt In view of the current challenges, financial regulator Bafin is asking insurers to reconsider high dividend payouts. In the face of geopolitics, the pandemic, inflation, and interest rate reversal, the industry is facing tough times. “Insurance companies … Read more

Boss Roman Rittweger moves to the supervisory board

Board of Directors of Ottonova Holding In addition to founder and CEO Roman Rittweger (pictured in front), the online health insurer’s management committee currently has five other members. frankfurt Roman Rittweger, founder and director of the online health insurer Ottonova, will join the supervisory board of the Munich start-up at the end of the year. … Read more

Bafin closes the pension fund for tax advisors

Bafin lyrics The German financial supervisory authority is also responsible for local pension funds. (Photo: Reuters) Munich Bafin supervisors have revoked the pension fund’s license for the tax advisor profession to operate the insurance business. The company was unable to meet the minimum capital requirement and submitted a financing plan to eliminate this underfunding, which … Read more

The economy and inflation curb demand

frankfurt Due to the negative economic outlook and the sharp increase in inflation, the rating agency Assekurata expects the demand for life insurance products to decrease. “High inflation restricts the savings possibilities of many citizens and kills the real interest in policies,” CEO Reiner Will said Tuesday in presenting a market outlook for the industry. … Read more

Getsafe wants to grow faster in Austria

christian vienna The Getsafe founder continues to see strong investor interest. (Photo: Getsafe) frankfurt Starting out in Austria, Heidelberg insurance startup Getsafe sets a goal of growing faster in the Alpine republic than in previous markets. From now on, customers can take out civil liability, household content and dog owner’s liability insurance there, including via … Read more

Noise about the supervisory board of the insurer Volkswohl Bund – economics

A manager who, according to his critics, led an insurance company into a serious crisis with his eyes wide open, can he become chairman of the supervisory board of this very company? There is a dispute in Dortmund about this issue. At first glance, this is a completely normal change at the top of the … Read more

Financial regulator sees progress in insurance startups

Getsafe App The Heidelberg insurer has had a Bafin license since October. (Photo: Getsafe) frankfurt It was an industry-shaking blow: In early 2021, financial regulator Bafin criticized German insurance startups in its internal diary with unusual clarity. He warned that young insurers often plan too little money up front and make overly optimistic business forecasts. … Read more

Founder Lex Greensill apologizes in UK Parliament

London “Are you a scammer?” Labor MP Siobhan McDonagh asks failed fintech founder Lex Greensill. “No, I’m not,” she replies. The memorable scene took place at a hearing in the British Parliament on Tuesday. For the first time, the Australian commented in detail on the insolvency of his company Greensill Capital two months ago. During … Read more

Russia’s main bank loses control of its European subsidiary

The logo of the Russian bank VTB The new EU sanctions package also affects Russia’s second largest bank. (Photo: Reuters) frankfurt German financial regulator Bafin has banned major Russian bank VTB from exercising its voting rights in subsidiary VTB Bank Europe. As a result, the St. Petersburg parent company lost control of its subsidiary. The … Read more

Russia’s main bank loses control of its European subsidiary

The logo of the Russian bank VTB The new EU sanctions package also affects Russia’s second largest bank. (Photo: Reuters) frankfurt German financial regulator Bafin has banned major Russian bank VTB from exercising its voting rights in subsidiary VTB Bank Europe. As a result, the St. Petersburg parent company lost control of its subsidiary. The … Read more

The Russian bank VTB loses control of the European subsidiary

The logo of the Russian bank VTB The new EU sanctions package also affects Russia’s second largest bank. (Photo: Reuters) frankfurt German financial regulator Bafin has banned major Russian bank VTB from exercising its voting rights in subsidiary VTB Bank Europe. As a result, the St. Petersburg parent company lost control of its subsidiary. The … Read more

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