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

South Korean Multichannel Industry To Survive With Right Strategies

South Korean Telcos Drive Next Wave Of Growth Through Home IoT Opportunities

Mining Exploration Insights: Financing Falls To 8-Month Low In October

ITU Clears The Way For 17.25 GHz Of New mmWave Spectrum For 5G


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.