Tuesday, July 12, 2016

Minister waives counter for compensation proposals – Insurance Magazine

Finance Minister Jeroen Dijsselbloem leaves in a letter to the House know that there is no separate window comes to reviewing proposals for investment compensation insurance. “I have not received any indications that a large group of customers without assistance by an insurer is in talks over compensation. It seems to be a small group, “the minister writes

The idea for such a box was put forward in September 2015 during the hearing on the future of the insurance sector. The proposal was to open a separate box at the Kifid where customers could get an opinion on the reasonableness of compensation made to those proposals. The minister then direct all know that the counter would only have added value for customers who pursue a complaint without assistance.

Efforts
According Dijsselbloem there are hefty efforts and costs associated with the establishment and operation of such a counter. “It is important that customers (legal) options have to seek legal advice or a solution of the dispute. So for customers of a legal possibility to be assisted by a legal expenses insurer in the dispute with an insurer. In addition, customers can also contact Kifid. “

Opinion
The Dutch Association of Insurers last week have opened the advice counter-linked insurance. That led to a discussion in the market. Dijsselbloem over the counter: “The advice box is funded by insurers, but the (actual) work the counter are performed by an external party. It is an independent financial consulting company without its own portfolio financial products “

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