Bafin Warns Signal Iduna Again

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

The financial supervisor BaFin has once again called on Signal Iduna to address shortcomings in the IT business organisation. The background is a review last year. The Authority has concluded that not all of the issues raised during the first IT audit in 2021 have yet to be resolved. Signal Iduna is optimistic that it will soon be able to meet the requirements. Signal Iduna's life insurer has yet to catch up with IT© Ilse Schlingensiepen [...]

Versicherungswirtschaft-heute

Factuality

Ownership

"The financial supervisor Bafin has ordered Signal Iduna Lebensversicherung a.G. to ensure a proper business organization in the field of IT" writes the Authority in a public communication. A review of the year 2024 has shown that the Dortmund insurer in the resolution of the IT scandal since the 2023 imposed capital surcharges "not all requirements of the VAIT" met. Signal Iduna criticizes that the findings from 2021 could have been more precis…

BaFin

Factuality

Ownership

Financial Supervision BaFin has ordered SIGNAL IDUNA Lebensversicherung a.G. to ensure a proper business organization in the field of IT. The insurance company must report regularly to the supervisory authority on the state of implementation.