Take out personal D&O insurance online on the Finlex platform

Take out personal D&O insurance online on the Finlex platform

According to a report by www.presseportal.de,

Finlex GmbH recently announced that managers of companies with a turnover of up to 500 million euros can now take out personal D&O insurance via the Finlex platform. This expanded option offers managers the option to protect themselves against liability risks affecting their private assets while having full control over their insurance coverage. You can choose from three insurers and take out insurance sums of up to five million euros.

The impact of this new opportunity on the market, the consumer and the industry is significant. On the one hand, managers gain greater autonomy and flexibility in choosing their insurance coverage. This could lead to increased demand for personal D&O insurance as managers feel better protected. On the other hand, this could also have an impact on competition in the insurance industry, as the three insurers on the Finlex platform are now competing for customers.

Overall, this expansion of Finlex's offering is expected to change the dynamics of the D&O insurance market. Managers are given more choice and control, while insurers have to compete for customers' favor. This could lead to wider availability of personalized D&O insurance and potentially cheaper prices in the long term.