Reinsurance in Germany, Key Trends and Opportunities to 2018

Date: 2015-09

“In terms of gross written premium, the German insurance industry is a global leader. During the review period (2009−2013) the industry registered varying growth rates due to the impact of the financial crisis. However, the industry’s strong regulatory framework supported its growth. Natural disasters supported the growth of reinsurance during the review period, and the German reinsurance segment is the largest in Europe and the second-largest in the world. Germany is home to Munich Re and Hannover Re, two of the world’s largest reinsurance groups. The recovery of the financial markets in 2010 had a positive influence on the nation’s labor market, and property prices began to improve as a result. This is leading to moderate growth in the life and non-life segments, which is expected to continue over the forecast period (2013–2018), and drive the reinsurance segment. The increase in the cost of motor insurance and rising property prices will have a positive impact on the overall industry. With the impact of storm Emma and hurricane Kyrill, the German reinsurance segment is expected post a forecast-period CAGR of 6.3%.

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample