The financial regulator Bafin is showing its teeth, at least a little. For the first time, she got a life insurer to pass on inflated costs back to customers. The supervisory authority considers the costs of Generali’s life insurers to be too high. According to SZ information, customers who took out unit-linked life insurance there in 2021, 2022 or 2023 will subsequently receive a higher bonus share. Generali and Bafin did not want to say anything about the matter. After Allianz, Generali Leben is number two in the German market with a share of almost ten percent.
Under pressure from the financial regulator: Generali pays back excessive costs – economy
