Laying down the law

Reform of German insurance contract law has sparked controversy and may have far-reaching effects. Blake-Evans Pritchard reports

When it comes to the new Solvency II framework, the German insurance industry is as aware of the need for change as anyone else. Maybe even more so than some - with the German Insurance Association (GDV) having started its search for a risk-based standard model as early as 1997. But a surprise addition to a new insurance contract law may goad the finance ministry into taking some tough decisions about solvency requirements earlier than it had expected.

At issue is a proposed change in the way

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here