Source: European Parliament
Question for written answer E-000794/2025
to the Commission
Rule 144
Denis Nesci (ECR), Giovanni Crosetto (ECR), Daniele Polato (ECR), Francesco Ventola (ECR), Mariateresa Vivaldini (ECR)
The recent liquidation of FWU Life Insurance Lux S.A., an insurance company based in Luxembourg, affected a large number of Italian savers, who signed life insurance policies through financial intermediaries operating in Italy. An explanatory note from the national supervisory authority, the CAA, clarifies that policyholders (or, possibly, their beneficiaries) will not lose all of their savings as a result of this liquidation. The situation has nevertheless led to concerns regarding consumer protection and supervision of insurance companies operating on a transnational basis in the EU, as well as uncertainty surrounding possible winding-up proceedings that could help consumers when exercising their rights.
In view of the above:
- 1.What measures will the Commission take to better protect EU consumers affected by the liquidation of insurance companies established in other Member States?
- 2.Does it plan to review the rules on the supervision of insurance companies operating in more than one Member State in order to ensure more effective and coordinated supervision?
- 3.How will it increase transparency and inform consumers about the risks involved when taking out insurance policies with companies established in other Member States?
Supporter[1]
Submitted: 20.2.2025
- [1] This question is supported by a Member other than the authors: Stefano Cavedagna (ECR)