Advisory duties of the insurer

With the new Insurance Distribution Directive 2016/97/EU (IDD), case-specific (advisory) obligations are for the first time extended to the direct business of insurers. In German law, the advisory obligations of insurers have been regulated since 2008 in § 6 VVG a.F. However, the implementation of the IDD brought numerous innovations, particularly concerning insurance investment products. This dissertation examines the obligations under § 6 VVG and incorporates the extensive and differentiated case law regarding the advisory and disclosure obligations of insurers. The regulation for insurance investment products is also analyzed, and parallel developments in capital investment law are compared. Thus, this current reference work serves both practical purposes in insurance distribution and legal consulting as well as academic research. Furthermore, the work outlines the obligations.