Aktuelle Pressemitteilungen

Analysis of solvency reports by the German Association of Insured reveals severe problems

The German Association of Insured (BdV) together with Carsten Zielke, insurance analyst (Zielke Research), again analyzed the Solvency and Financial Conditions Reports (SFCR) with regard to the stability and safeness of German life insurers. Axel Kleinlein, spokesman of BdV, stresses in his conclusion: “We observe the veneration of solvency. But high solvency ratios alone are not sufficient for carelessness.” Higher ratios of capital requirements do mostly not rely on sustainable measures and are exaggerated with regard to other parameters. “Only the consideration of various parameters and their mutual interaction enable a precise analysis of the companies”, Zielke underlines. Positively BdV and Zielke assess that the solvency reports are more understandable than last year. “Many companies proved their willingness to learn and published significantly more transparent reports”, Kleinlein states.

German Association of the Insured points out severe opacity in life insurances

The German Association of the Insured (BdV), an organization of consumer protection in the private insurance sector, published a serious statement about basic problems related to life insurances in Europe. "The opacity of life insurances is a threat to European consumers and the European economy" says Axel Kleinlein, spokesman of the board of BdV. With view to PEPP Christian Gülich, EU Policy Officer of BdV, adds: "The opacity in life insurances is too deeply rooted. We warn against relying on life insurances with regard to pension plans".