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compliance

The concept of compliance has grown steadily in recent years.

Due to ongoing innovations, the importance of the compliance function has increased.

Thanks to our many years of experience in and with insurance companies, we also understand the individual needs of your institute in addition to the requirements of the supervisory authorities. Our services

The Solvency II Directive and subsequently the Insurance Supervision Act (VAG) require the mandatory establishment of a compliance function in every (re)insurance company. As a key function in your company, the responsible compliance office advises your board of directors on compliance with legal requirements, assesses the effects on your business operations and identifies any gaps and risks. Exactly on this point it is sometimes advisable to consult external consultants for the necessary "fine tuning".

We are your reliable partner when it comes to compliance. Our solution for you is not only legally secure, but above all one, individual and tailored to your situation.

Our services are diverse, including:

  • Regulatory updates
  • Conducting and supporting the compliance risk analysis
  • Establishment of a functioning reporting system to your board of directors, supervisory board
  • Awareness of the legislation applicable to your business
  • Measures to prevent money laundering, corruption and terrorist financing
  • Introduction and optimization of any compliance tools
  • Regulatory health checks (internal policies, guidelines, etc.)
  • Fit & Proper Training
  • Representation before the supervisory authorities

Any questions?

We think in terms of solutions and put your interests first.

  • +43 (1) 91 666 87
  • office@hofer.law