Non-Life Insurance in Germany, Key Trends and Opportunities to 2018

Date: 2015-09
Pages:320
Price:

“In terms of gross written premium, German non-life insurance is one of the leading segments of its kind in Europe. Compulsory insurance aided rapid segment growth during 2001โ€“2011. However, due to the impact of the global financial crisis, the segmentโ€™s growth bordered on stagnant during 2008โ€“2010. The non-life segment is highly fragmented, with more than 200 insurers supplying a variety of products, and the top 10 companies accounting for 46.2% of the segmentโ€™s total written premium in 2012. The non-life segment recorded the strongest annual growth during the review period, reaching 5.1% in 2012. This was also the highest growth rate in the non-life segment since 2003, due to the 6.1% growth in motor cover in 2012. Non-life insurers are increasingly focusing on underwriting profitability, as low interest rates continue to suppress investment income.

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