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The insurance intermediary Fundior Finans och Försäkring AB has had several serious deficiencies in its operations. Amongst other factors, the company has neglected important customer protection rules. Finansinspektionen (FI) is therefore withdrawing the authorisation.
Fundior Finans och Försäkring AB has had several serious deficiencies in its operations. The company has not taken account of the individual needs of customers while at the same time the information about offered products has been deficient and directly misleading. The company has also had serious deficiencies in its documentation of the mediation.
The company was also registered as a deposits firm between June 2011 and November 2012. Deposits firms can receive a maximum of SEK 50,000 in deposits per consumer, since they are not covered by the state provided guarantee of deposits. FI’s assessment is that the insurance has been used to circumvent the maximum sum for deposit operations. On the whole, the deficiencies are so serious that FI is withdrawing the company's authorisation with immediate effect.
Fundior Finans och Försäkring AB has, in its role of insurance intermediary, mediated endowment insurances. The company has around 110 customers who have entered insurance agreements through the company.
