Germany Insurance Report - Business Monitor International - Industry Reports

Germany Insurance Report

Germany Insurance Report - Business Monitor International - Industry Reports
Germany Insurance Report
Published Oct 01, 2016
62 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Germany s life insurance market is well developed and the leading insurers are reaping the benefits of an ageing demographic, as a shrinking workforce and a rising dependency ratio means that residents increasingly have to make provisions for their own retirement incomes. As a result of a sustained education campaign over the years by the insurers and trade association GDV, there is widespread understanding of this among the general public. ...Nevertheless, Germany s insurance market is not without its problems. The International Monetary Fund (IMF) s Global Financial Stability Report, published in April ----, identified Germany s life insurance market as a potential source of risk for the global financial industry, highlighting the fact that the industry is facing the challenge of having to finance long-term guarantee policies for customers amid a climate of low interest rates and diminishing returns on investments. The German life market is also relatively fragmented by Western European standards with more than -- companies on the scene, increasing the threat of a potential company default which could create a domino effect through the rest of the market. ...The International Monetary Fund (IMF) s Global Financial Stability Report, published in April ----, identified Germany s life insurance market as a potential source of risk for the global financial industry, highlighting the fact that the industry is facing the challenge of having to finance long-term guarantee policies for customers amid a climate of low interest rates and diminishing returns on investments. The German life market is also relatively fragmented by Western European standards with more than -- companies on the scene, increasing the threat of a potential company default which could create a domino effect through the rest of the market.

...The industry is mature by many metrics (such as density, which is around USD-,--- per capita); however, premiums will continue to grow throughout the forecast period largely in line with wider economic growth in the country. As such, we expect life insurance premiums to grow to EUR--.-bn (USD---.-bn) in ---- giving a penetration rate of -.- (premiums against GDP), a slight decrease from the -.- penetration rate recorded in ----. ...The industry is mature by many metrics (such as density, which is around USD-,--- per capita); however, premiums will continue to grow throughout the forecast period largely in line with wider economic growth in the country. As such, we expect life insurance premiums to grow to EUR--.-bn (USD---.-bn) in ---- giving a penetration rate of -.- (premiums against GDP), a slight decrease from the -.- penetration rate recorded in ----. Germany is an example of a country where demographic changes are providing opportunities for life insurance and private health insurance companies. ...Over the long term, though, the changes are even more dramatic. According to the Federal Statistics Office, the ratio of retirees to workers

...The product range in Germany continues to expand, including in major growth areas such as cyber insurance. Swiss Re announced in September ---- it is launching a new company in Germany, CyberSolutions Germany, to provide advance cyber risk protection to medium- and large-size businesses in the country. ...

  
Source:
Document ID
1757-1235
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Germany Insurance Report" Oct 01, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Germany-Insurance-Report-2026-710>
  
APA:
Business Monitor International - Industry Reports. (2016). Germany Insurance Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Germany-Insurance-Report-2026-710>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.