Selected challenges and megatrends in financial services distribution The image of financial services sales of credit institutions and insurers has been suffering for years, especially due to TV documentaries about dubious business models or manipulation of interest rates, share prices and commodity prices. Product providers are also in the pillory, for example when up […]
Why medium-sized businesses and industry are increasingly suing insurance brokers? The responsibility of insurance brokers is considerable. As representatives of the client’s interests, brokers have an abundance of contractual and legal obligations, which they often cannot or do not want to take care of due to time constraints, especially if they promise unnecessarily much […]
How even sick people can switch insurers: Until 2008, it was discussed that the ageing provision could only be transferred when changing insurers if the transfer value was determined according to the individual health risk of the insured, i.e. if the sick person received more ageing provision than the healthy person. If the sick person […]
This year we have been asked by new clients to provide expert assistance in the settlement of three major claims. These losses were calculated for the first time on the basis of the new regulations of the VVG, which came into force on 01.01.2008. The insurers have raised various objections in the settlement of these claims, which […]
How to recognise dubious aid organisations Christmas is upon us once again: fundraising galas on all TV stations, appeals for donations in provincial newspapers and in the mailboxes of German citizens, who donate around four billion euros every year. Around a third of this amount is spent in November and December, an average of 115 […]
ULA: discussing issues for the future At 11. and 12 May, the ULA Speaker’s Committee Day 2011 will be held at Pariser Platz in Berlin. The event is aimed at spokesperson committee members from large and medium-sized companies in all sectors. The focus is on current economic and career-related issues that go beyond the […]
“ But that there may be no strife in the division, then to thee shall be what is above the earth, and to me what is under the earth.” (Gebr. Grimm, The Farmer and the Devil) Profit participation in life insurance has been a bone of contention between insurers and consumer advocates for years. The […]
You can’t hold an insurer liable for every piece of information. When assurances of the insurer are worthless explain attorney Johannes Fiala and PKV expert Peter A. Schramm in the proven series over consulting errors with the switching of private health insurances. In order to be able to meet an important business partner, have […]
How to spoil the game for class action clubs Resourceful consumer lawyers and self-proclaimed consumer interest groups are trying to generate revenue as so-called “class action associations” with model lawsuits (which are not even possible in Germany). The only exception is the “Act on Model Proceedings in Disputes under Capital Market Law”, in particular […]
Banking secrecy – Significance of EU and OECD abolition plans for doctors, pharmacists and the entire SME sector Tax evasion due to deferred tax reform: no additional revenue for the state The fact that probably 90 percent of Germans have not paid full tax on their capital gains is due in particular to the […]
