{"id":2125177,"date":"2025-03-26T10:48:13","date_gmt":"2025-03-26T09:48:13","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=2125177"},"modified":"2025-03-26T12:22:51","modified_gmt":"2025-03-26T11:22:51","slug":"element-insurance-ag-initiation-of-final-insolvency-proceedings","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/element-insurance-ag-initiation-of-final-insolvency-proceedings\/","title":{"rendered":"ELEMENT Insurance AG: Initiation of final insolvency proceedings"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">On 01 March 2025 final insolvency proceedings were initiated against the non-life and accident insurer ELEMENT Insurance AG (ELEMENT) with registered office in Berlin. ELEMENT was also active in Austria as an authorised EEA insurance undertaking under the freedom to provide services. More detailed information has been made available in German only by the competent supervisory authority, the Federal Financial Supervisory Authority (BaFin; Bundesanstalt f&uuml;r Finanzdienstleistungsaufsicht): <a href=\"https:\/\/www.bafin.de\/SharedDocs\/Veroeffentlichungen\/DE\/Meldung\/2025\/meldung_2025_02_07_ELEMENT_Insurance_AG_Insolvenz.html\" class=\"external\" target=\"_blank\" rel=\"noopener\">BaFin &ndash; News &amp; Ma&szlig;nahmen &ndash; ELEMENT Insurance AG: Er&ouml;ffnung des endg&uuml;ltigen Insolvenzverfahrens<\/a> BaFin&rsquo;s publication advises among other items that the overwhelming majority of insurance contracts will end one month after the initiation of the insolvency proceedings, on 01 April 2025 at 24:00 (i.e. midnight at the end of the day). In addition, BaFin has also made information available about what steps insured persons should take now.<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opening of final insolvency proceedings<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[86],"tags":[],"class_list":["post-2125177","post","type-post","status-publish","format-standard","hentry","category-information-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ELEMENT Insurance AG: Initiation of final insolvency proceedings - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/element-insurance-ag-initiation-of-final-insolvency-proceedings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ELEMENT Insurance AG: Initiation of final insolvency proceedings - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Opening of final insolvency proceedings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/element-insurance-ag-initiation-of-final-insolvency-proceedings\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-26T09:48:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-26T11:22:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bailey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Bailey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/element-insurance-ag-initiation-of-final-insolvency-proceedings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/element-insurance-ag-initiation-of-final-insolvency-proceedings\\\/\"},\"author\":{\"name\":\"Michael Bailey\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/0fc93858fe7814eedc8002775131ee91\"},\"headline\":\"ELEMENT Insurance AG: Initiation of final insolvency proceedings\",\"datePublished\":\"2025-03-26T09:48:13+00:00\",\"dateModified\":\"2025-03-26T11:22:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/element-insurance-ag-initiation-of-final-insolvency-proceedings\\\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Information\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/element-insurance-ag-initiation-of-final-insolvency-proceedings\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/element-insurance-ag-initiation-of-final-insolvency-proceedings\\\/\",\"name\":\"ELEMENT Insurance AG: Initiation of final insolvency proceedings - 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