PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

ČAP member insurance companies to expand self-regulation

Czech Insurance Association (ČAP) member insurance companies are introducing four new self-regulatory measures as of January 1, 2015. ČAP executive director Tomáš Síkora said that effective self-regulation could be more efficient than directive regulation by the state which often focuses on the quantity of customer-oriented measures and not on their quality. The measures include an expansion of the scope of pre-contractual information, a simulation of the insurance development, a standardised cost indicator that will provide information about the key costs of investment life insurance, and an introduction of recapitulation of the insurance-policy status in annual letters.

Source: www.cianews.cz

 
 
 
 
Sign up for Prague’s hottest newsletters to stay up to date and know what’s going on in town! Prague Daily Monitor: Prague’s # 1 source for Czech news in English… delivered straight to your inbox daily. Sign up for free nowPrague.TV – Living Like a Local: 2x a week, our newsletter keeps you up to date with the HOTTEST and BEST news for Prague's Expats and English Language community. Exclusive price draws & Special partner offers for registered members. Sign up for free now!

 

Exchange rates
Upcoming Events