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

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

Norbert Rollinger, head of R+V: fee level based on corona vaccination status

Frankfurt, Munich It is a statement with sociopolitical explosives. “As an insurance industry, sooner or later we will have to think about possibly differentiating rates based on vaccination status,” Norbert Rollinger, CEO of insurance cooperative R+V, told the T-Online website. When that will be the case depends on the question of how long the silent … Read more

Insurance profits collapse due to corona damage

R+V Despite the current corona crisis, the insurance company says that it is off to a good start for the current financial year 2021. (Photo: dpa) Dusseldorf The coronavirus crisis is overwhelming the insurer R+V. The group ended the 2020 financial year with a pre-tax profit of €291 million, a decrease of almost 70% compared … Read more

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