News

10. September 2020 WHO PAYS IF THE MOBILE PHONE OR LAPTOP BREAKS DOWN IN THE HOME OFFICE?

Suddenly Corona. Suddenly home office. There was no well thought-out plan, no adequate preparation and no choice. Neither for companies nor for the employees.

After the first few months in the home office we all gathered experience – and the companies we looked after asked us lots of questions. From an insurance point of view, the subject of home offices touches on various areas.

Our expert Oliver Pätzke explains here what companies have to consider when using electronic office devices at home (German article).

28. August 2020 Trust is good, insurance even better

It can be an e-mail with a sender from the company management, in which the accounting department is instructed to transfer a large amount of money to a foreign account for supposedly justified reasons. Those affected also report of very well forged letter post in which appropriate instructions are given. In any case, the fraudulent senders have carried out detailed internal company research in advance, which is why the contents of the instructions appear so genuine. This procedure is called “social engineering” in the field of cybercrime. 

For years, the Federal Criminal Police Office has been counting increasing numbers of cases not only in cybercrime, but also in the area of so-called “CEO fraud”. A few years ago, the Bavarian automotive supplier Leoni AG, for example, made the headlines with a scam worth no less than 40 million Euros. Often, the damaged companies refrain from reporting about it for image reasons.

How can companies protect themselves from financial consequences of Fake President and cyberattacks? Read more about this here (German language). 

17. August 2020 Credit insurance: How bad will the Corona crash be?

Experts expect the global corona pandemic to lead to an accumulation of insolvencies. In Germany, the obligation to file for insolvency has been suspended until September 30, 2020. Credit insurers and major industry associations therefore expect a large number of insolvencies to roll onto the domestic economy in fall.

What impact will this development have on companies looking for credit insurance or pending contract renewals?

Read the recommendations of our experts here (German article).

7. August 2020 NUMBER OF CYBER ATTACKS RISING ALARMINGLY

Internet and data crime are often invisible for a long time and that is precisely why they are such a threat to companies. Did you know that it can take months before a cyber attack is even detected? The damage caused until then can be correspondingly large.

The most frequent attacks increasingly involve blackmail software that is smuggled into the company, by direct hacking or by identity fraud. The consequences of every cyber attack are business interruptions and system failures. 

Read here in German, how cyber insurance can protect your business. 

5. August 2020 SECURE THE LIQUIDITY OF THE COMPANY – ESPECIALLY NOW

The topic seems to be moving many people at the moment: Due to the Corona pandemic, economic experts expect an increasing number of insolvencies. Badly, if this also affects one of your own debtors.  

The question “How can I protect my company against non-payment” reaches us, the EUROASSEKURANZ team, momentarily almost daily.

Read here the advice of our credit experts in German. 

23. July 2020 INDUSTRIAL PROPERTY INSURERS: RISING PRICES AND REDUCED CAPACITIES

As every year, the hot phase of negotiations with insurers to extend existing insurance policies is now beginning. Higher premiums are right at the top of the insurers’ list of claims. However, as was the case last year, some insurance companies are threatening not to insure certain risks at all or to further restrict their capacities.

Find out here about the optimal company strategy in this situation (German article).

10. July 2020 D&O INSURANCE POLICES UNDER PRESSURE

Scandals like WIRECARD or TÖNNIES may be extremes. However, they both illustrate the danger that responsibility brings with it for a company. A D&O policy protects employees against third-party claims for damages. Do you know which aspects you need to consider when it comes to manager liability?

Read the current recommendations of our expert Michael Metz in German here.

27. May 2020 India – Higher premiums expected in property and loss of earnings insurance

Ralf-Dietmar Berg, Head of Property Insurance Central at EUROASSEKURANZ Versicherungsmakler AG, informs about current premium increases for property and loss of earnings insurance in India.

Read the complete information in German here.

3. April 2020

Creative in the crisis: Cooking for heroes

Euroassekuranz Versicherungsmakler AG and Eckert Schulen are joining forces with Anton Schmaus, the entrepreneur, star chef and cook of the German national soccer team, and prepare meals for employees in functional jobs in Regensburg hospitals, old people’s and nursing homes, and for emergency services. Employees of drugstores and supermarkets will also enjoy the taste. Starting next week, many employees can look forward to a free healthy meal.

7. February 2020 EURO Transaction Solutions and Howden M&A join forces

EURO Transaction Solutions and Howden M&A offer clients comprehensive insurance advice on M&A transactions by bringing together two of the most experienced and respected teams of experts now in Germany.