trending Market Intelligence /marketintelligence/en/news-insights/trending/jo3xvyarywzsqoweudzwug2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Polish insurers to reduce fees for early termination of investment-tied products

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Polish insurers to reduce fees for early termination of investment-tied products

Seventeen insurers signed agreements with the Polish Office of Competition and Consumer Protection, or UOKiK, on lowering fees for the termination of insurance policies with an investment component, the Polish regulator said Dec. 21.

The agreements will be enforced from Jan. 1, 2017, and relate to insurance contracts concluded before 2014, which were not covered by previous UOKiK decisions. The size of the fee reductions will depend on the duration of the insurance contracts in question. The regulator added that special solutions were provided for elderly clients, who had been encouraged to purchase multiyear, investment-tied insurance products despite their advanced age.

About 1.4 million clients could benefit from the agreements, news agency PAP said on Dec. 21.

Insurers that signed the agreements include Powszechny Zaklad Ubezpieczen na Zycie SA, TU Allianz Zycie Polska SA, TU Warta Zycie, UNIQA Towarzystwo Ubezpieczen na Zycie SA, AXA Zycie TU SA and others.