Read:. Life insurance: the scandal of unclaimed policies
Allianz Life, French subsidiary of the German insurer, also sees a reprimand, according to the text of the decision of the disciplinary committee of the Prudential Control Authority and resolution (ACPR) of the Bank of France set Online Monday, December 22. CARP criticized Allianz Life does not have adjusted quickly enough some money due in the event of death prior to 2007.
“NO IMPACT TO CLIENTS AND INVESTORS “
” This decision does not reflect the strong commitment of Allianz since the law of December 2007 in terms of financial and human resources dedicated to the identification of death and looking beneficiaries nor the significant achievements “, Allianz has responded in a statement.
The insurer confirms that ” continue to invest determination to find unclaimed agreement holders “ and stresses that ” the amount of EUR 50 million decided by ACPR will have no impact to customers and partners, “.
In a similar case, the regulator had issued November 3 a fine of EUR 40 million combined with a reprimand against the French insurer CNP Assurances.
Read also: Life insurance unclaimed: CNP Assurances fined
No comments:
Post a Comment