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

Scientists and consumer advocates discuss pension insurance with disability protection

retired couple Scientists argue over the wisdom of pension insurance with built-in disability protection for consumers. (Photo: imago images/Rupert Oberhäuser) frankfurt Saving for old age and insuring labor with a single product: consumer advocates don’t think it’s a good idea. The fact that insurers sell pension insurance with integrated disability protection to their clients has … Read more

Head of Eiopa for uniform European insurance supervision

Petra Hielkema “Supervision is our strength. But we are only as strong as our power allows us.” (Photo: Eiopa) frankfurt The head of Eiopa, Petra Hielkema, calls for a strengthening and standardization of European insurance supervision. In the course of digitization, more and more insurers are offering their services across borders, the chairman of the … Read more

What insurance helps with long-term consequences?

frankfurt The ongoing discussions about the Astra-Zeneca corona vaccine are creating uncertainty among the population. Many people are concerned that vaccination could have potential side effects on their health. Therefore, insurance intermediaries are advertising more and more private accident insurance with corona protection on social media and in personal letters. Neutral information for consumers is … Read more

Ampel wants to protect customers from dubious providers

three-phase meter The traffic light is intended to better protect consumers against price fluctuations. (Photo: dpa) Sedan The insurance is designed to protect electricity and gas customers if their energy provider goes out of business and they are locked into more expensive basic service. “All energy providers should have to secure their commitments to customers … Read more

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