NOVIS Legal Update - March 2024 >>

News

EUreporter: A decision EU lawmakers should rethink

30.10.2024
In January the EU Parliament and Council reached agreement on a set of amendments to the Solvency II Directive. The Parliament endorsed the proposals in April. It is anticipated the changes will be in operation by early 2026, writes Dick Roche.

How NOVIS is Shaping the Future of Insurance Regulation in Europe

18.10.2024
NOVIS Insurance Company is actively participating in a case before the European Court of Justice (ECJ), which addresses important questions about the fair application of insurance supervision regulations within the EU. Dr. Jürgen Bürkle, one of the leading legal experts in Germany for insurance law, published an independent analysis into how NOVIS is challenging administrative actions, seeking to ensure clearer and more consistent regulatory practices for the benefit of all insurance providers and their clients across Europe.

The Regional Court in Bratislava Upheld the Suspension of the Proceedings on the Commencement of the Liquidation of NOVIS

09.10.2024
On August 21, 2024, the Regional Court in Bratislava upheld the decision of the Municipal Court Bratislava III from February 13, 2024, to suspend the proceedings for the dissolution and liquidation of NOVIS initiated by the National Bank of Slovakia (NBS). The decision of the Regional Court was published in the electronic file on October 2, 2024.

EUreporter: An EU agency that ignores EU Treaty commitments Read more

07.10.2024
EU Regulation (EC) No 1049/2001  aims to ensure that EU citizens can exercise their right of access to all documents held by the EU institutions. The EU Charter of Fundamental Rights also guarantees EU citizens the right of Access to documents held by EU institutions.  Article 15 of the Treaty on the Functioning of the European Union requires that the “Union’s institutions bodies offices and agencies shall conduct their work as openly as possible” and again enshrines a legal right of access to documents held by EU institutions and agencies.

A Groundbreaking Decision in Favor of NOVIS: EIOPA Must Reconsider Its Decision to Withhold Crucial Documents

12.09.2024
NOVIS is seeking to obtain classified documents from the National Bank of Slovakia (NBS), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Commission (EC), which pertain to potential violations of EU law by NBS in its regulation of NOVIS.

NOVIS Legal Update - March 2024

23.04.2024
NOVIS wishes to inform clients and partners about the latest developments in the ongoing legal process.

NOVIS disagrees with the NBS decision and will take it to court

06.04.2024
Our statement On June 5, 2023, NOVIS received a decision from the National Bank of Slovakia (NBS) to revoke its insurance license. NOVIS has reviewed the decision signed by the NBS governor, Mr. Peter Kažimír, and is surprised by the number of errors it contains. 

Information about the change of the official company name

05.04.2019
Hereby we would like to inform you that company NOVIS Poisťovňa a.s., with its registered seat at Námestie Ľudovíta Štúra 2, 811 02 Bratislava, Company ID No.: 47 251 301, registered with the Commercial register of the District Court Bratislava I, Section: Sa, Insert No. 5851/B (hereinafter only „NOVIS“) changed its business name with effective date from 5th of April 2019. New official company name is:  

NOVIS Life Insurance: The Widest Coverage

15.01.2019
What makes NOVIS’ offer unique and how to tailor the insurance contract NOVIS’ policy includes both life insurance and the opportunity to invest in an outstanding range of insurance funds. Based on its innovative approach, NOVIS has created a unique offer aimed at making the client fully satisfied from a long-term perspective. The product is designed to be fair, transparent, and flexible.

NOVIS’ new life insurance product “SENSUM Életbiztosítás” is available in Hungary

02.10.2018
As of October 2018, a new life insurance product “SENSUM Életbiztosítás” is available for NOVIS’ clients in Hungary. The offer replaces the company’s previously available product portfolio.

NOVIS Insurance Company offers a new product “Universal Life” in Italy

25.09.2018
NOVIS has launched a new life insurance product in Italy called “Universal Life” replacing its “Wealth Insuring” offer (which entered the Italian market in May 2017).

First European Life Insurance Company jumping into the digital currency age

17.07.2017
Sankt Gallen, Switzerland - July 2017 - Payment21.com, an AML-compliant digital currency payment processor, has recently announced its new partnership with EU-based NOVIS Insurance Company which will enable the insurer to accept digital currency in all of their markets.