Tag: Insurance supervision
Allianz, Axa & Co. improve key figures
life insurance The transparency of solvency reports is comparatively high in Germany. (Photo: dpa) Frankfurt Rising interest rates ensure that many life insurers are financially better positioned again. It is…
Allianz, Axa & Co. improve key figures
life insurance The transparency of solvency reports is comparatively high in Germany. (Photo: dpa) Frankfurt Rising interest rates ensure that many life insurers are financially better positioned again. It is…
Inflation is curbing new business for life insurers
life insurance It will be years before life insurers can offer their customers higher returns again. (Photo: dpa) For years, an entire industry has been longing for it, even swearing:…
Only four of the twelve largest in Germany are economically strong
Frankfurt Life insurers have longed for rising interest rates for years. This way they can invest their customers’ money again on better terms. However, this has by no means solved…
Financial regulator Branson warns of risks in the real estate business
Mark Branson at the Handelsblatt Banking Summit The Bafin boss, who has been in office since August 2021, has announced a tougher approach to the supervision of financial institutions. (Photo:…
Bafin takes action against payment service providers
Frankfurt The financial supervisory authority Bafin has identified significant deficiencies in the payment service provider Unzer and is therefore taking tough action against the group. The subsidiary Unzer E-Com GmbH…
Life insurers have to adjust to less business
Frankfurt At first glance, rising interest rates are good news for life insurers and pension funds. Investments offer them opportunities for higher returns. They can also more easily meet the…
Gaps between life insurers widen
Frankfurt Rising interest rates are good for life insurers in the long run – but some providers will benefit more than others. Herbert Schneidemann, head of the German Association of…
Supervisors warn of serious hacker attacks on insurers
Munich It was only seven words, but the sentence was enough to put an industry on alert: “Insurers are a popular target for cyber attacks,” said Frank Grund, executive director…
Federal Ministry of Finance loosens its access to the Bafin
Bafin In the billion-dollar Wirecard balance sheet scandal, the Bafin was accused of extensive failure. (Photo: dpa) Berlin The Federal Ministry of Finance (BMF) will give the financial supervisory authority…
Bafin boss Branson brings another Finma manager to the Board of Directors
Mark Branson The Bafin boss wants to reorganize the financial supervision. (Photo: dpa) Frankfurt Bafin boss Mark Branson is getting reinforcements from his previous employer for the expanded board of…
Bafin warns of consequences of the Ukraine war
Bafin President Mark Branson The head of the financial supervisory authority expects interest rate increases in the near future. (Photo: Jann Höfer for Handelsblatt) Frankfurt The financial regulator Bafin warns…
Freiwald is apparently defending itself in court
Beatrice Freiwald The lawyer, whose contract runs until the beginning of 2024, has long been considered a shaky candidate in the authority. (Photo: Bernd Roselieb/BaFin) Frankfurt The Bafin Executive Director…
Fierce Bafin criticism of fund policies from life insurers
“The Bafin investigation is a real hammer,” says Professor Hermann Weinmann from the Institute for Finance at the Ludwigshafen University of Applied Sciences. It shows that there has been a…
Bafin orders additional equity
Solaris bank The headquarters of the Neobank in Berlin. (Photo: Solarisbank) Frankfurt The German financial regulator Bafin has prescribed higher equity for Solarisbank. The reason for the measure was a…
Life insurance is at a turning point
Interest on life insurance High guarantees from the past are a heavy burden for life insurers. (Photo: dpa) Frankfurt Life insurance with a guaranteed interest rate was the favorite investment…
Life insurance is at a turning point
Interest on life insurance High guarantees from the past are a heavy burden for life insurers. (Photo: dpa) Frankfurt Life insurance with a guaranteed interest rate was the favorite investment…
Life insurance is at a turning point
Interest on life insurance High guarantees from the past are a heavy burden for life insurers. (Photo: dpa) Frankfurt Life insurance with a guaranteed interest rate was the favorite investment…
How BaFin wants to track down systematic misconduct
Berlin A few months ago, the financial regulator Bafin tried out an instrument that was new to her: With the anonymous test purchases (mystery shopping) made possible by the legislator,…
Around 40 pension funds in financial distress
Bafin headquarters Almost ten million Germans have taken out their occupational old-age provision through their employer’s pension fund. (Photo: Bloomberg) Frankfurt, Munich The end of the tax consultant pension fund…