Railway companies are obliged to take out liability insurance, as previously set
in the regulations governing railway liability insurance (Eisenbahnhaftpflichtversicherungsverordnung,
EBHaftPflV). Recent fundamental and important changes in the law have been enacted.
On the one hand, the law for enhancement of competition in the railway sector (Gesetz
zur Stärkung des Wettbewerbs im Eisenbahnbereich), which came into effect on
2 September 2016, abolished the prior regulations. At the same time, however, amendments
to the General Railways Act (Allgemeines Eisenbahngesetz, AEG) became effective, which
increased the required minimum sum insured of compulsory liability insurance. The
required amount of cover has nearly doubled, from €10.23 to €20m per claim
(€40m per annual aggregate).