Dormant policies. IVASS Conference

Category

Events

Description

The survey conducted by IVASS in 2017 brought to light a widespread phenomenon of potentially “dormant” life assurance policies for which undertakings are not able to ascertain the death of the insured during the term of the contract and therefore if there are the conditions for payment of the insurance benefit.

Thanks to the cross-check of the tax codes of the Italian holders of potentially dormant policies requested to undertakings against data on deaths available at the Tax Register, 187,493 policies have been “awakened” for a total of 3,5 billion euro.

IVASS is extending the investigation on dormant life assurance policies to foreign insurance companies in order to guarantee the same level of protection to citizens regardless of whether they were insured with an Italian or a foreign undertaking.

The Conference will represent an occasion to gather witness evidence from Consumers and start a fruitful dialogue with the Institutions, Associations and Market participants.

Rome, 5 November 2018 h. 9.30 - Carlo Azeglio Ciampi Centre for monetary and financial education – Via Nazionale 190

By Invitation only.

issue date

5 November 2018