Aggregated News From Investment Management Regulators

Slovakia’s Insurance Supervisor (NBS) temporarily prohibits NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poisťovňa a.s. (NOVIS) from conducting new business

Report/Flag

Please complete the required fields.



The Slovakian Insurance Supervisor (NBS) is temporarily prohibiting NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poisťovňa a.s. (NOVIS) from conducting new business under certain conditions. (18.09.2020)

This EEA insurance undertaking with its registered office in Slovakia has a branch establishment in Austria (see Company Database) and is registered or active in Austria under the freedom of establishment in the insurance classes life insurance, unit-linked life insurance and index-linked life insurance.

Due to an intervention by the FMA, marketing by already voluntarily discontinued by this undertaking in September 2018 and according to the available information has not been resumed again to date.

The issuing of the current temporary prohibition of new business on 18.09.2020 by the Slovakian supervisor as the competent home authority also relates to business operations in Austria. The FMA is in close contact with both NBS and the European Insurance and Occupational Pensions Authority (EIOPA) about this insurance undertaking.

The Slovakian supervisory authority (NBS) has published more detailed information about the enacted measure on its website and has released an English summary about the measure.

The FMA is also available as a point of contract for consumers.

Source link

Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

Recent Articles

CVM warns of irregular performance by KOI Global LLC, Ventura Group and Orotrader as securities brokers

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

Willers Consulting Group

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Stanley Associates LLC

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Adjudication order in respect of GKS Reality Private Limited in the matter of Illiquid Stock Options at BSE

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Adjudication Order in respect of Nikhil Jalan and Sons HUF in the matter of Illiquid Stock Options at BSE

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×