An insured person was climbing the North Face of the Eiger with a climbing partner when a stone broke under his feet and causing him to fall onto the rope.

Equity and Equality of men and women are central principles of the European Union and are therefore determined in primary law.

Wie berichtet ändert sich ab 2.8.2022 der Beratungsprozess bei der Veranlagung in Wertpapiere und im Versicherungsanlagebereich (zB fondsgebundene Lebensversicherungen).

In 2007/2008, the Austrian Supreme Court dealt with the lack of transparency of cost agreements in "old" endowment life insurance policies concluded before 2006.

Until 2018, Austria had up to five different cancellation rights for insurance policyholders, plus the cancellation right pursuant to Section 8 of the Austrian Distance Financial Services Act.

In seiner Entscheidung C-633/20 vom 29.09.2022 erkannte der EuGH jüngst, dass unter den Begriff des Versicherungsvermittlers bzw des Versicherungsvertreibers auch eine juristische Person fällt...

Der europäische und der österreichische Gesetzgeber verstärken 2022 ihren Fokus auf Sustainable Finance. Neben Finanzdienstleistern, die ebenfalls immer strenger reguliert werden, ...

The insurance industry is facing serious changes in market conditions and in the legal environment, especially due to the new Solvency II regulations.

"Nachhaltige" und "grüne" Finanzprodukte sind bei Anlegern sehr beliebt. Dazu gehören gerade auch "nachhaltige" und "grüne" Versicherungsanlageprodukte.

The increasingly noticeable negative effects of climate change have led to many regulatory initiatives and requirements in the insurance industry, both European and national.

In der am 29.9.2022 veröffentlichten Vorabentscheidung des EuGH zur Rechtssache C-633/20 bestätigt der EuGH seine bereits am 24. Februar 2022 zu C-143/20 und C-213/20 geäußerte Ansicht...

In preparation for Solvency II Pillar 2, EIOPA introduced a set of Guidelines in September 2013.

These 21 insurers are coordinated by the Main Association of Social Insurance Carriers and governed by the principle of self-administration

Parametric insurance has become increasingly important due to extreme weather situations, the COVID-19 pandemic or the rise of cloud-based applications...

The NFT market is still relatively new and volatile, but its potential is huge. Christie's managed to auction an NFT linked to an artwork for over USD 69 million this March...

The Austrian parliament recently adopted the government bill for the new Insurance Distribution Act Amending Act 2018 [Versicherungsvertriebsrechts-Änderungsgesetz 2018] ...

On 20 February 2018, the Austrian Financial Market Authority (FMA) published a new circular concerning key information documents for packaged retail and insurance-based investment products.

Welcome to our to the point newsletter. Every month we look back at the most relevant developments in the area of financial regulation in the CEE region.

One can imagine that this became a highly controversial issue in Austria among the different stakeholders.