MIL OSI Translation. Region: Germany / Deutschland –
Source: Federal Financial Supervisory Authority BaFin welcomes the current recommendation of the European Supervisory Authority for the insurance industry and company pension scheme EIOPA on distributions. In view of the corona pandemic, EIOPA recommends that insurance companies exercise extreme caution with dividend payments, share buybacks and variable remuneration. BaFin itself asked insurers at an early stage to carefully weigh any distributions and explain their risk-bearing capacity.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.