...Sector, Rating Outlooks Stable Fitch Ratings considers the German non-life insurance sector to be well prepared to meet current challenges, and does not foresee a significant number of rating changes over the next 12-24 months. Fitch expects continued significant improvements in premium rates, especially in motor, to be offset by the low investment yields. The sector outlook is stable. Strong Premium Growth Expected Fitch expects German non-life premiums to have grown between 3% and 4% in 2013 and to do the same in 2014. This follows the sector's strongest growth in premiums for more than 10 years in 2012 (5.1%). Significant natural catastrophes and related claims experience in 2013 are expected to support further premium rate increases in 2014. The German non-life sector suffered exceptional losses from floods and hailstorms of approximately EUR3.3bn in 2013 and Fitch expects insurers to look to recoup losses through increased premium rates. Improving Underwriting Results Fitch expects...
