No. 1 in Europe
For property insurances and machinery breakdown insurance for the Transport, Agriculture and Manufacturing industries.
We are pleased to present to you the Industrial Insurance Group Belgium. Insurances are our core business. Insurances with added value, because security is our main concern in everything we do, motivating us to fulfil our mission, day after day. Which mission, you may ask. Here it is:
Better protection from now on with MiFID
Since the end of April 2014, the MiFID for banks also applies to the insurance industry. As a result you, the consumer, will be better protected in future.
MiFID stands for the ‘Markets in Financial Instruments Directive’, the name of the European directive that applies since 1 November 2007. The directive contains a number of rules to better protect the clients of banks. Since 30 April 2014, a number of these European directives also apply to the insurance industry, via the Belgian ‘Twin Peaks II’ Act.
– For capital and investment-based insurances, the insurers must demonstrate that they have checked that the product matches their customer (= duty of care), for instance: whether the customer has sufficient knowledge and experience.
Our MiFID-customer brochure provides more information on the new MiFID-rules and on how Industrial Insurance Group Belgium N.V. (Plc) deals with them.