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BackBAK welcomes the intention in the proposal to strengthen consumer protection and to extend the scope of application to insurance undertakings.
From the standpoint of consumers, there is a need to improve the (cost) transparency of insurance products and to prevent conflicts of interest in insurance business procedures. One cannot yet assess whether the proposed directive can effectively achieve the declared goals because the delegated legal acts have not yet been adopted.
If you have any questions, please do not hesitate to contact us
Christian Prantner
Contact by emailBenedikta Rupprecht
Contact by email