Enterprise

Insurance mediation

The EU Insurance Mediation Directive (2002/92/EC - IMD), which was transposed into Austrian law with the amendment to the Trade Act (Gewerbeordnung  – GewO), Federal Law Gazette I No 131/2004, entailed various changes to the business of insurance intermediaries. A separate register of insurance intermediaries has to be set up, and cooperation with the competent international authorities has to be ensured.

The subsequent pages provide the latest information of relevance for insurance intermediaries, insurance companies, consumers and other interested stakeholders.

Thus far, the BMWFW issued an execution order (17 January 2005, only available in German) pertaining to the implementation of the amendment mentioned above (Federal Law Gazette I No 131/2004).

Last Modified: 27.02.2014 18:28