Tag: Insurance supervision
The new boss Mark Branson is turning financial supervision upside down.
Mark Branson The new Bafin President is a qualified mathematician and acts in a sober and fact-driven manner. “Sometimes he reminds you of Angela Merkel,” says a Bafin insider. (Photo:…
How insurers deal with their legacy portfolios
Interest on life insurance High guarantees from the past are a heavy burden for life insurers. (Photo: dpa) Frankfurt, Munich The news came shortly before the turn of the year,…
Financial supervision takes action because of the overheated real estate market
New home construction The rise in prices on the residential property market worries the Bundesbank and the financial supervisory authority Bafin. You want to prevent excessive lending. (Photo: dpa) Frankfurt…
Allianz sells life insurance portfolio in France
Allianz lettering Associated with the transaction are technical provisions of around 2.1 billion euros. (Photo: Reuters) Munich Allianz is selling another old portfolio of life insurance policies. More than 20,000…
How life insurers reinvent themselves in times of need
Munich, Frankfurt The need is increasing from year to year, as the letters from life insurers to their customers have shown impressively in the past few days: R + V…
What customers should look out for in their life insurance now
Life insurance The maximum technical interest rate will drop to 0.25 percent in 2022. (Photo: dpa) Frankfurt, Munich The market leader is once again showing the way. Allianz, which has…
Signal Iduna founds new life insurer
Signal Iduna flags The company is one of the medium-sized German life insurers. (Photo: dpa) Munich The Dortmund-based insurer Signal Iduna is founding a new life insurer with a sustainable…
Bafin President Branson makes law and compliance a top priority
Bafin President Mark Branson The Briton will take care of cross-departmental issues of financial supervision himself in the future. (Photo: Jann Höfer for Handelsblatt) Frankfurt Usually not even regulatory experts…
Only 50,000 new customers per month and a second Bafin watchdog
N26 logo For the time being, the smartphone bank may not accept more than 50,000 customers per month worldwide and a total of no more than 500 million euros in…
Insurance: Climate protectors certify that insurers lack ambitions when it comes to oil and gas exclusions
Only a few corporations completely or partially exclude the insurance of such projects. However, the industry receives praise for the increasing withdrawal from coal. .source site
Bafin orders money houses to repay bank fees
Financial supervision Bafin Following a ruling by the Federal Court of Justice, the authority calls on the financial institutions to “reimburse unjustly charged fees”. (Photo: Reuters) Frankfurt The financial regulator…
Getsafe: Insurance start-up Getsafe receives Bafin license
Getsafe founder Christian Wiens The Heidelberg start-up has received the green light for its property insurer. (Photo: press photo) Frankfurt The digital insurer Getsafe has received approval for property and…
Bafin’s difficult path to independence
Mark Branson The new Bafin President confirms that there must be “total independence” from the Ministry of Finance in operational supervision. (Photo: Jann Höfer for Handelsblatt) Frankfurt It is a…
Financial regulatory reform just the beginning
The new Bafin President Mark Branson Branson announced a tougher approach to overseeing financial corporations and bolder decisions. (Photo: Jann Höfer for Handelsblatt) Munich The new President of the Financial…
Financial regulatory reform just the beginning
The new Bafin President Mark Branson Branson announced a tougher approach to overseeing financial corporations and bolder decisions. (Photo: Jann Höfer for Handelsblatt) Munich The new president of the financial…
Why banks and insurers do not have to fear an in-depth examination in 2020
Frankfurt Many German banks and insurers should breathe a sigh of relief: Even for the 2021 financial year, they do not have to show their auditors how effectively they have…
R + V boss Norbert Rollinger: tariff level according to corona vaccination status
Frankfurt, Munich It is a statement with a socio-political explosive. “As the insurance industry, sooner or later we will have to think about possibly differentiating tariffs according to vaccination status,”…
That is how stable German life insurers are
Retired couple Many consumers wonder if they can rely on their life insurance in old age. (Photo: dpa) Frankfurt There are pithy words that Bafin Executive Director Frank Grund chose:…