BaFin lets Markel Insurance SE sell vehicle insurance in Austria
Germany's financial regulator BaFin has approved Markel Insurance SE, a Munich-based insurer, to sell certain insurance types in Austria on a cross-border basis, without setting up a local branch. The approval covers vehicle damage cover and several kinds of vehicle liability insurance. The decision was published on 3 November 2026.
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What does it mean?
If you live in Austria, you may now be able to buy certain car and vehicle insurance from Markel Insurance SE, a German insurer, even though it does not have an office there. The approval covers vehicle damage cover and liability insurance for vehicles.
Who is affected?
Austrian drivers and vehicle owners who may buy these policies, and people who could be harmed by vehicles covered by them.