BVK Rejects Longer Cancellation Liability
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In view of the pension reform, Bafin considers longer life insurance periods to be conceivable. This is not a good thing with the intermediary association BVK. President Michael Heinz warns against additional risks for sales – and accuses the supervisor of misrepresenting the reality in the intermediary market. BVK President Michael Heinz does not think it is a good idea to prolong the life insurance periods for cancellations© Versicherungsmonit…
The Bundesverband Deutscher Versicherungskaufleute (Bundesverband Deutscher Versicherungskaufleute, Bundesverband Deutscher Versicherungskaufleute, Bundesverband Deutscher Versicherungskaufleute, Bundesverband Deutscher Versicherungskaufleute den Unternehmen der Finanzaufsicht Bafin (Federal Association of German Insurance Merchants, Bundesverband Deutscher Versicherungskaufleute, Bundesverband Deutscher Versicherungskaufleute, Bundesverband Deu…
The reform of private pension provision could lead to increased risk of change and cancellation for life insurers. BaFin Executive Director Julia Wiens warns in particular of problems with one-off commissions. Longer cancellation periods could also become a topic. read more
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