Insurers fear investment-based product claims

Monday 08 January 2007

Financial analysts at Rabo Securities say the row over investment-based savings and insurance products could end up costing Dutch insurers €1bn in lost income and compensation.

Sources told Financieele Dagblad that insurers have already begun setting aside cash to cover any eventual claims.

Investment-based products have come under heavy fire in recent weeks from consumer groups and the financial sector watchdog AFM for the lack of transparency over costs and agents' fees.

© DutchNews.nl

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