Germany Life & Non-Life Insurance Market 2017 Forecasts

RnR Market Research adds new report Life & Non-Life Insurance in Germany, Key Trends and Opportunities to 2017 in its database. This report provides a comprehensive analysis of the life & non-life insurance segment in Germany.
 
DALLAS - Aug. 15, 2013 - PRLog -- Dallas, TX, August 14, 2013 -- The German life insurance segment is one of the strongest in Europe in terms of density and penetration. The life insurance segment registered a negative annual growth rate due to the impact of the European sovereign debt crisis in 2011. However, the segment recovered in 2012. As a result of the difficult economic conditions, German consumers are beginning to appreciate the advantages offered by life insurance policies. These advantages include cover against biometric risks and old age guarantees. Biometric risk is the risk that insurers will have to pay pensions, larger death or disability benefits to the insured for a longer time than originally anticipated.

The life segment accounted for the largest share of the insurance industry during the review period; The presence of a strong state pension system affected the penetration level of private life insurance; The implementation of a financial liberalization policy by the German government in 2004 made it easier for life insurers to begin operating in different countries within the EU; Germany’s low interest rate environment affected insurers and pension funds that have long-term guarantees and are dependent on the performance of their investments & Bancassurance in Germany is one of the largest bancassurance channels in Europe. In order to increase their consumer base, banks and insurers form close ties to distribute life insurance among German consumers.

Complete report of Germany Life Insurance Market available @ www.rnrmarketresearch.com/life-insurance-in-germany-key-trends-and-opportunities-to-2017-market-report.html.

The German non-life segment is one of the leading non-life insurance segments in the European region. Compulsory insurance aided rapid segment growth during 2001-2011. Due to the impact of the global financial crisis, the segment bordered on stagnant during 2008-2010. The non-life segment is highly fragmented with the presence of more than 200 insurers supplying a variety of products. During the review period, the non-life segment recorded the strongest annual growth. This was also the highest growth rate the non-life segment witnessed since 2003, due to the growth in motor cover in 2011. Non-life insurers are increasingly focusing on underwriting profitability as the low interest rate continues to suppress their investment income.

The non-life segment is highly fragmented with the presence of more than 200 insurers supplying a variety of products; Non-life was the second-largest segment in the German insurance industry with a market share of 28.0% in gross written premium terms in 2012; The motor insurance category accounted for 42%, the largest in the non-life segment, in 2012; The low interest rates and safer way to invest money increased demand for housing and increased real estate prices by more than 20% in 2012 & The low penetration rate of the segment is expected to support growth over the forecast period as it provides a huge potential market for insurers.

Complete report of Germany Non-Life Insurance Market available @ www.rnrmarketresearch.com/life-insurance-in-germany-key-trends-and-opportunities-to-2017-market-report.html.

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Germany:
- It provides historical values for Germany’s life& non-life insurance segment for the report’s 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key categories in Germany’s life& non-life insurance segment along with market forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for life& non-life insurance products in Germany
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Germany for the life& non-life insurance business
- It provides a detailed analysis of the reinsurance segment in Germany and its growth prospects
- It profiles the top life& non-life insurance companies in Germany and outlines the key regulations affecting them

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the German life& non-life insurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the German life& non-life insurance segment
- Assess the competitive dynamics in the life& non-life insurance segment along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the German insurance industry and its impact on companies and the market’s future

About Us:
RnRMarketResearch.com is an online market research reports library of 250,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers. RnR Market Research also offers company data, country profiles, trends, information and analysis on the sector of your interest.

Contact:
Priyank Tiwari
RnR Market Research
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252.
+1 888 391 5441
sales@rnrmarketresearch.com
http://www.rnrmarketresearch.com
End
Source: » Follow
Email:***@rnrmarketresearch.com
Posted By:***@rnrmarketresearch.com Email Verified
Tags:Insurance, Germany, Market, Database, Biometric Risk
Industry:Financial
Location:Dallas - Texas - United States
Account Email Address Verified     Disclaimer     Report Abuse
RnR Market Research PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share