A majority of insurance companies worldwide fall short in adhering to all industry standards, with merely 45% of them complying.
In a recent analysis by the Infinma Institute for Financial Market Analysis, it was found that only half of the current disability insurance tariffs (Berufsunfähigkeitsversicherung, BU) meet the market standards. The search results provided do not contain specific information about these standards or which tariffs meet them.
Infinma is a well-recognised independent analysis institute that evaluates disability insurance tariffs according to detailed market standards. These standards typically include criteria such as:
- Benefit scope and duration: How long and under what conditions disability benefits are paid.
- Waiting period before benefits start: Duration from the onset of disability to payout start.
- Definition of disability: The strictness of the criteria used to determine occupational disability.
- Premium conditions: Fairness, transparency, and stability of premium rates.
- Contractual stability: Protection against premium increases and contract changes.
- Additional benefits: Features like partial disability coverage, premium waiver in case of disability, or rehabilitation support.
Infinma usually publishes ratings or classifications distinguishing tariffs that meet high standards in these areas.
Some of the specific market standards identified in the analysis include:
- Benefits from the 1st month after the BU determination without waiting or waiting periods.
- The possibility of a contribution moratorium.
- The waiver of abstract reference.
- Temporary benefits for work disability after six months of uninterrupted sick leave.
- Retroactive payments.
- The option for a self-contained follow-up nursing pension.
- The increase option without cause.
Out of the 458 tariffs analyzed, only 206 (approximately 45%) met all market standards. It is important to note that Infinma clarified that their investigations are not a rating.
If you require the most current and detailed list of tariffs meeting Infinma’s standards, I recommend consulting Infinma’s official publications or their website directly, as this data is not available in the search results provided.
Infinma's comprehensive analysis of disability insurance tariffs reveals that only 45% of them adhere to market standards in business finance, exhibiting features such as benefits from the 1st month after determination, a contribution moratorium, and temporary benefits for work disability, among others. To obtain the most recent and thorough list of tariffs that meet their strict standards, it would be advisable to consult Infinma's official publications or visit their website directly.
