Former Generali board member joins Provincial’s team of recruits

20.3.2023 dr Rainer Sommer (50) will become a member of the board of directors on June 1st Provincial Holding AG as well as the subsidiaries Provincial Insurance Ltd, Provincial North Brandkasse AG, Provincial Northwest Life Insurance AG and provincial Rhineland Life Insurance Ltd. The company announced this on Friday evening. Technological further development at the […]

Court ruling forces intermediaries to prepare for contingencies

February 8, 2023 – According to a decision by the European Court of Justice, insurance agents and brokers have to comply with customers’ right to information in more detail than before. Upon request, they must specify which cooperation partners have received the data and explain the processes in a transparent manner. Just naming a category […]

OGH clarifies the dispute after the termination of the non-existent insurance

November 4, 2022 – In the course of a broker change, a couple wanted to terminate all contracts with an insurer, with the exception of health insurance. The broker mistakenly made the woman sign the cancellation of a non-existent accident insurance policy, which the insurer’s employee interpreted as a cancellation of health insurance. You concluded […]

The big cities with the worst losses record

12/10/2022 – The federal capital Berlin has the worst loss toll of any major German city in automobile liability and comprehensive insurance. Ulm has the highest damage index in partial coverage insurance. It looks best in Cottbus (motor vehicle liability insurance), Paderborn (fully inclusive) and Erlangen (partially inclusive). This is demonstrated by the detailed data […]

Practical inventory: This avoids the risk of underinsurance

August 8th, 2022 – The costs for starting a new dental practice can amount to up to 600,000 euros, depending on the focus. The mediation of a practice inventory insurance is correspondingly demanding. Consultation topics here are, for example, the aspects of underinsurance and determination of the sum insured. The insurance expert Nicole Gerwert describes […]

Electronics insurance: These providers regulate particularly fairly

June 27, 2022 – From the customer’s point of view, five providers of electronics insurance offer “very good” claims settlement: Allianz, Arag, Cosmos, Schutzbrief24 and Wertgarantie. This emerges from a study by Servicevalue for the magazine Focus-Money. A total of over 58,000 customer votes were collected for more than five dozen product providers in 19 […]

These are the auto insurers with the greatest premium shrinkage

June 27, 2022 – Allianz Direct, HDI and DA Direkt recorded the largest premium declines in motor insurance from 2015 to 2020. According to the “Industry Monitor 2015-2020: Motor Insurance” by VERS Leipzig, five other players from the top 50 in terms of premium income shrank. The premium volume in motor vehicle insurance (total) has […]

The accident insurers with the highest complaint rates

06/07/2022 – In accident insurance, Bafin processed 147 complaints in 2021, around a seventh fewer than in the previous year. On average, there were around 0.2 complaints per 100,000 insured risks. The fire partnership had the highest rate of complaints (nearly nine complaints per 100,000 insured risks). Most of the market sizes performed better than […]

Basic Capability Protection: It is to these providers that brokers deliver most of the business

May 27, 2022 – Canada Life achieves the largest share of business in the independent intermediary market in basic ability insurance. They are followed by Nürnberger, Volkswohl Bund and Dortmunder. This is shown by the Asscompact “Market study BU/worker insurance 2022”. Basic ability (GF) insurance is becoming increasingly important in the independent intermediary market. Around […]