US EditionBafin Strengthens Supervision of Insurers: Focus on Customer Benefits, Governance and Ai Use
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The Federal Financial Supervisory Authority (BaFin) aims to align the insurance industry more strongly with future viability, customer benefits, and good corporate governance. At the 14th annual conference of insurance supervisors, BaFin Executive Director Julia Wiens emphasized that effective supervision focuses on providing appropriate benefits to customers – and that it is already having an impact. One example is… The article "BaFin strengthe…
The financial supervision BaFin continues the expansion of the well-being supervision. After success in life insurance, property and accident insurance is now the focus of the audits. BaFin Executive Director Julia Wiens announces a stricter examination of pricing and the use of AI, but stresses the fundamental importance of strong governance. read more
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