Court Rules Insurer Must Pay: Why Relying on Their Medical Cancellation Advice is Crucial for Trip Insurance Claims
A Munich court recently forced an insurer to cover €1,128 in trip cancellation costs after its own medical advisory service recommended canceling. This landmark travel insurance ruling highlights the binding nature of insurer-provided advice and offers key lessons for US travelers on protecting their claims.…
Midwife Malpractice Insurance Premiums Rising in 2025: What It Means for Expectant Mothers and Healthcare
Starting in 2025, midwives in Germany offering obstetric care will face higher malpractice insurance premiums. This article explains the new insurance contract, compares the German PKV/GKV system to US private insurance and Medicare/Medicaid, and analyzes the impact on maternity care access and midwife shortages.…
Learning from Failure in Insurance: The F**k-up Chronicles with Christian Schwalb
How do insurance professionals handle failure? Discover key lessons from Christian Schwalb's career setbacks in Episode 3 of the F**k-up Chronicles video series. Learn why embracing failure drives innovation in risk management.…
Karsten Crede Departs ERGO: A Look at His Legacy in Automotive and Digital Insurance
Karsten Crede, CEO of ERGO Direkt and board member of ERGO Digital Venture, leaves the insurer. Explore his impact on ERGO Mobility Solutions, telematics insurance, and the future of automotive insurance technology.…
85% of Germans Demand a School Subject 'Money and Insurance' to Improve Financial Literacy
A new survey reveals overwhelming public support for mandatory financial education in schools. Discover why Germans see a critical gap in knowledge about money, insurance, and personal finance, and what this means for future consumers.…
Nürnberger Insurance Board Member Peter Meier to Depart at End of 2024
Nürnberger Insurance announces the planned departure of board member Peter Meier, responsible for Property & Casualty (P&C) insurance, by the end of 2024. Learn about his long tenure and the succession planning for this key leadership role.…
From Pro Athlete to Insurance Specialist: How Maximilian Birner Secures Amateur Sports
Discover how former professional footballer Maximilian Birner uses his injury experience to specialize in insurance for amateur athletes. Learn about his niche strategy, marketing insights, and why younger athletes are more insurance-savvy. A must-read for advisors targeting niche markets and sports professionals seeking coverage.…
Anti-Money Laundering (AML) Compliance: German Insurance Agents Must Register with FIU by 2024
New German Money Laundering Act (GwG) rules mandate all independent insurance intermediaries to register with the Financial Intelligence Unit (FIU) via the 'goAML' portal by January 1, 2024. Learn the steps, deadlines, and implications for your insurance brokerage.…
Insurance Lead Generation System: How to Convert Social Media Leads into Paying Clients
Stop wasting leads! Online coach Jan Helmut Hönle reveals a systematic approach to insurance lead generation. Learn why your follow-up system—not the lead source—is key, and how to use video consultations and automation to build trust and close more sales.…
Do You Have to Disclose Pregnancy on a Private Health Insurance (PKV) Application? A Guide for US Readers
Wondering if you must inform your German Private Health Insurance (PKV) about a pregnancy? This guide explains the legal rulings, compares PKV to US private insurance, and offers crucial advice to avoid claim denials and ensure your coverage is secure.…
Allianz Commercial Restructures Leadership: Board Shrinks as Key Executive Departs
Allianz Global Corporate & Specialty SE (AGCS) sees a leadership change as Henning Haagen departs after 15 years. Dirk Vogler assumes new responsibilities, reflecting Allianz's strategic focus on its Integrated Commercial strategy. This analysis explores the implications for corporate insurance and risk management markets.…
How to Make Social Media a Time-Saver, Not a Time-Waster: AI Tips for Insurance Advisors
Discover how Nico Locker of INTER Versicherungsgruppe, patron of the OMGV Broker Award 'Target Group Strategy' category, uses ChatGPT and smart routines to save time on social media. Learn actionable hacks to improve your content, target your audience, and enhance your digital marketing efficiency as a financial advisor.…
Breed-Specific Health Risks in Dogs: Why Your Pet Insurance Policy's Genetic Exclusion Clause Matters
Does your dog's breed put them at risk? Many pet insurance policies exclude genetic conditions, which can be devastating for purebred dogs prone to breed-specific illnesses. Learn about common risks for popular breeds and how to find inclusive pet health insurance coverage.…
Signal Iduna Accelerates IT Leadership Transition: New CIO Starts Early
Signal Iduna Group announces the accelerated appointment of Stefan Lemke as its new IT Board Member, moving his start date to October 1, 2023. The former AXA Germany CIO will oversee technical infrastructure, software development, and cybersecurity, marking a strategic push in the insurer's digital transformation.…
Insuring the Future: How Holger Hegemann Protects Startups in an 'Asshole-Free Zone'
Discover how Holger Hegemann, founder of GründerFinanz, specializes in insurance for innovative startups. Learn about his unique 'asshole-free zone' philosophy inspired by Joko Winterscheidt, how he bridges the tech gap with founders, and why his clients—who are changing the world—have an exceptional success rate.…
Negative Interest Rate Dispute: Consumer Center Fears Defeat Against Commerzbank
The Hamburg Consumer Center expects an unfavorable ruling from the Frankfurt Higher Regional Court in its case against Commerzbank over negative interest on savings accounts. The outcome could redefine what is permissible in savings contracts.…
How Insurance Brokers Use Their Broker Management Software (MVP): Key Functions Revealed
Discover the primary uses of Broker Management Software (MVP) in insurance agencies. Learn how brokers leverage MVP systems for client management, policy administration, and business growth.…
Employee Commission Rights in Germany: Deadlines, Contracts, and How to Protect Your Earnings
For sales employees in banking and insurance, commissions are vital income. Learn the critical legal rules: commission agreements must be in writing, claims expire in 3 months, and unrealistic targets can be challenged. Protect your sales compensation with this guide.…
The Future of Insurance in 2030: Why Personal Communication Will Trump Bots
Exclusive interview with Martin Gräfer, CEO of die Bayerische, on the future of the insurance industry. Discover why he believes 'the era of bots is over before it truly began' and why personalized communication will surge. Get insights on AI, data, and the human touch in insurance by 2030.…
InsurTech Service Study 2023: Fast Replies, But Declining Response Rates
New FraLytics study reveals mixed results for InsurTech customer service. While digital insurers like Clark and Easymize offer rapid response times, a concerning 21% of inquiries went unanswered. Discover the key findings on service quality, speed, and what this means for the future of digital insurance.…