A very successful bancassurance business model integrated into Germany's large cooperative banking sector. One of the largest insurance groups in Germany, with a broad and diverse product offering in property casualty, life, and health insurance. Very strong competitive position based on its presence in the German retail and small and midsize enterprise (SME) segments, as well as growing international diversification via its global reinsurance portfolio. Riskier asset allocation than market average leading to volatility of capital and earnings during the current market turbulences after COVID-19 outbreak. R+V is exposed to lines of business like event-cancellation, business interruption, and credit insurance, which could be heavily affected by COVID-19-related lockdowns in Germany. Low interest rate environment weighs down the group's life earnings.
