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Briefing - German run-off on rise

Gunne Baehr of DLA Piper looks at how a bill designed to enact the EU reinsurance directive could unlock the door for run-off and clear up finite in one fell swoop

So what's this all about?

In the near future, the German legislator is likely to re-enact the German Insurance Supervisory Law (Versicherungsaufsichtsgesetz - otherwise known as "VAG") to apply to

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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