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  4. > Germany Insurance Report Q3 2016

Germany Insurance Report Q3 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 62 pages

Includes 3 FREE quarterly updates

BMI View: We have a moderately positive long-term outlook for Germany's insurance sector, with lowsingle-digit growth rates expected across both major segments. The market's mature nature means thatpremium growth will largely track GDP growth over the next five years. Ordinarily, a market this maturewould provide few opportunities for new entrants; however, Germany's market has a very large number ofplayers and is highly competitive, indicating that there is scope for consolidation via merger andacquisition activity.Key Updates & Forecasts

- We have revised down our forecast for growth in the life sector this year, to 0.6% for 2016, from 1.2%previously. However, the long-term outlook remains positive, with gross premium growth of 1.6%expected in 2017 and then a gradual acceleration to 2.2% in 2020, in the absence of major sector (orwider economic) shocks. An ageing population, innovation in product development and a large pool ofcapital all underpin prospects for growth largely in line with GDP growth, during the majority of ourforecast period.

- Accounting for 54% of total premiums written over 2016, non-life insurance is expected to outperformlife insurance in terms of growth potential over the next 5 years. From a low of 2.1% growth in grosswritten premiums in 2016, we expect a gradual acceleration in sector growth throughout the forecastperiod, to 3.5% in 2020. Reflecting continued gyrations in the USD/EUR rate, returns in dollars are likelyto be much more volatile.

Table Of Contents

Germany Insurance Report Q3 2016
BMI Industry View 5
Table: Gradual Growth On Cards (Germany 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Trending Upwards (Germany 2013-2020) 12
Table: Life Insurance Claims (Germany 2008-2014) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Germany 2013-2020) 16
Table: Non-Life Insurance Claims (Germany 2009-2014) 18
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Germany 2013-2020) 27
Insurance Risk/Reward Index 29
Developed States Insurance Risk/Reward Index 29
Table: Developed States Insurance Risk/Reward Index - Q316 30
Market Overview 31
Life Market Overview 31
The Product Overview 31
The Competitive Landscape 32
Table: Life Market Share (2009-2014) USDmn 34
Non-Life Market Overview 36
The Product Offering 36
The Competitive Landscape 37
Table: Non-Life Market Share (2011-2014) USDmn 40
Company Profile 41
Allianz 41
AXA 44
Generali Deutschland 47
Munich Re 50
Talanx AG 53
Methodology 56
Industry Forecast Methodology 56
Risk/Reward Index Methodology 59
Table: Indicators 61
Table: Weighting of Indicators 62

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