Tag: Insurance supervision
Julia Wiens becomes Bafin’s new insurance supervisor
Julia Wiens The qualified mathematician began her career in 1994 at the life insurer Securitas Gilde. (Photo: Baloise) Frankfurt Baloise board member Julia Wiens will be the top insurance supervisor…
Insurers are becoming more cautious when investing in real estate
Frankfurt, Munich Insurers are increasingly reluctant to invest in real estate. It is true that the real estate quota in the sector has recently continued to rise. The share of…
Data leakage is now also the concern of the financial regulator
The financial regulator Bafin is concerned with data leaks at banks and insurers The Comdirect, which is part of Commerzbank, also confirmed that criminals had access to customer data. (Photo:…
Company pension schemes are intended to save the business of life insurers
senior couple Life insurers still see potential for growth in company pension schemes. (Photo: www.imago-images.de) Frankfurt High inflation and sharp rises in interest rates are putting life insurers under increasing…
Consumer center calls for more legal clout for Bafin
BaFin in Bonn Collective consumer protection is now also one of the tasks of financial supervision. (Photo: imago images/Schöning) Frankfurt For around eight years, the financial supervisory authority Bafin has…
Up to 32 euros costs with a contribution of 100 euros
life insurance With a new leaflet, the financial regulator Bafin wants to put a stop to excessive costs. (Photo: dpa) Frankfurt For the time being, the EU Commission will probably…
Generali Germany separates from pension fund
Italian insurance group Generali The sale of the pension fund will improve the solvency ratio of Generali Germany by ten percentage points and that of the entire group by one…
Bafin increases pressure on banks after delays in tax certification.
Financial supervision BaFin The authority wants to prevent banks from sending tax certificates to their customers too late due to organizational deficiencies. (Photo: IMAGO/Hannelore Föster) Frankfurt After the delayed dispatch…
Allianz court is critical of the clause
Frankfurt, Munich It can be uncomfortable for Allianz when it comes to Riester insurance: In the first hearing against the insurer on Monday, the Stuttgart Regional Court tended to be…
Public insurers could be forced to merge
Frankfurt, Munich The sharply rising costs could lead to mergers among public insurers. According to the rating agency Fitch, many providers are under increasing pressure to generate earnings. Against this…
Insurers are stable in the current environment
Frankfurt As interest rates have risen, it has become easier for insurers to meet their capital requirements. Thanks to sufficient own funds, the insurance industry sees itself in a good…
Conflicts between fintechs and Bafin are increasing
Mark Branson The Bafin boss finds some processes in the crypto business scandalous. “There were providers who were obviously amateurish and infantile,” he criticizes. (Photo: dpa) Frankfurt Hardly anyone in…
Life insurers feel lower demand in 2022
detached house Insurers can grant real estate loans with long fixed interest rates. (Photo: dpa) Frankfurt When it comes to real estate financing, consumers do not think of life insurers…
Bafin sees deficits in alternative investments
rate hike The pressure on insurers to invest in illiquid, higher-yielding asset classes is easing. (Photo: E+/Getty Images) Frankfurt, Munich The German life insurers are changing their investment policy –…
Insurers want a fresh start – away from the unpopular Riester pension
Active in old age The high cost of living means that many people are putting less money into retirement provision – despite a rise in interest rates. (Photo: imago images/Westend61)…
Consumers complain about delayed payments – Bafin warns insurers
life insurance An IT migration is causing problems for the life insurer Proxalto. (Photo: imago/imagebroker) Frankfurt The financial regulator Bafin requires insurers to provide contractually agreed services quickly. Sometimes consumers…
Bafin sees shortcomings in online broker Flatexdegiro
BaFin logo The tax authorities already submitted their audit report in November. (Photo: Reuters) Frankfurt Bad news from the Frankfurt online broker Flatexdegiro: The German financial regulator Bafin subjected the…
Bafin warns insurers to be careful when paying dividends to shareholders
BaFin in Frankfurt The head of insurance supervision, Frank Grund, is preparing the industry for difficult times. (Photo: Bloomberg) Frankfurt In view of the current challenges, the financial regulator Bafin…
Numerous insurers complain about a shortage of skilled workers
Businesswoman on her way to the office Insurers are desperately looking for new staff. (Photo: OJO Images/Getty Images) Frankfurt It’s a topic that affects many industries, but poses particular problems…
Bafin executive director Béatrice Freiwald has to go
Beatrice Freiwald The lawyer has long been considered a shaky candidate in financial supervision. (Photo: Bernd Roselieb/BaFin) Frankfurt The financial supervisory authority Bafin is separating from its executive director Beatrice…