11/25/2020 – Sustainability can be understood to mean different things. According to a new survey, that seems to be particularly true when it comes to insurance. While providers tend to focus on green systems, when it comes to sustainability and insurance, customers tend to think of security and the long term. Basically, however, only very … Read more
11/23/2020 – Citing an exceptional situation clause, the defendant insurer rejected legal protection for various lawsuits relating to Covid-19. The Association for Consumer Information has now complained that this clause is grossly disadvantageous, non-transparent and therefore prohibited. The Commercial Court of Vienna largely agreed with his argument. The Association for Consumer Information (VKI) as an … Read more
November 20, 2020 – The demand for securing hybrid and digital events rose rapidly in the corona year. The specialty insurer Hiscox is recording significant growth in new business here. Hiscox manager Peter Pillath spoke to VersicherungsJournal about risks, coverage, the uncertainty factor technology, claims and prospects. For three years the Hiscox SA, branch for … Read more
November 20, 2020 – If an insured cannot conclusively prove that their building was damaged in a storm in accordance with the insurance conditions, their insurer is not obliged to pay. The Saarland Higher Regional Court ruled that on October 9, 2020 (5 U 61/19). One of the homeowners had taken out storm damage insurance … Read more
20.11.2020 The ING-Diba Austria branch recently offers one Credit protection for consumer loans, this in cooperation with the Axa. Credit protection is offered as an option in the course of the application for installment, home or car loans. In the application, no information on the state of health is required, explains the ING. Epidemics or … Read more
November 20, 2020 – Uniqa was able to keep premium income and pre-tax earnings practically constant in the first nine months compared to the same period of the previous year. The expense for insurance benefits has decreased and the underwriting result has doubled. The downside: persistently high costs and poor investment income. The first nine … Read more
November 17, 2020 – The effects of the Covid-19 pandemic on the insurance industry were the topic of the first day of the autumn meeting of the German Association of Actuaries. Among other things, government assistance with the business closure insurance was called for. The Covid-19 pandemic is expected according to the German Actuarial Association … Read more
The fear of a serious illness is the greatest fear of the future for Germans in 2020, according to the risk report from Ergo. Compared to the previous year, this value has increased by five percentage points (40 percent). This must be distinguished from the expected risk of “falling victim to a virus epidemic” in … Read more
11/10/2020 – After his old business interruption insurance was about to expire, a freelance advertising specialist took out new insurance through a multiple agent. He was not told that there was a waiting period. When he became seriously ill shortly afterwards, the insurer refused to pay. The ORF citizens’ attorney was mainly concerned with the … Read more
November 4, 2020 – The basic skills protection is an additional product for the protection of the workforce, which is taken out by a different customer group than the occupational disability insurance. This is what Klaus-Peter Klapper, Head of Product and Sales Marketing Biometrics at Stuttgart Life Insurance, says. In an interview, he explains his … Read more