Federal Supervisory Office for Insurance

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The Federal Insurance Supervisory Office ( BAV ) in Berlin was responsible for the insurance supervision of private insurance companies and public-law competition insurance companies that operate beyond the area of ​​a federal state.

The BAV was founded on August 4, 1951 by the law on the establishment of a federal supervisory office for insurance and building society savings (BAV). On April 1, 1952, the Federal Supervisory Office began its work in Berlin as an independent higher federal authority within the portfolio of the Federal Ministry of Finance .

On January 1, 1973, the supervision of the building societies changed under the umbrella of the Federal Supervisory Office for the Credit System (BaKred). The FOT then changed its name to “Federal Insurance Supervisory Office”.

At the end of October 2000, the authority finally relocated its headquarters to Bonn and, on May 1, 2002, together with the Federal Supervisory Offices for the Credit System (BAKred) and Securities Trading (BAWe), became part of the newly established Federal Financial Supervisory Authority as an all-round financial supervisory authority.   

Individual evidence

  1. Henner Schierenbeck (Ed.), Bank- und Versicherungslexikon , 1994, p. 158
  2. ^ History in Insurance Supervision. Retrieved November 28, 2017 .