Germany Insurance Report Q2 2016

Germany Insurance Report Q2 2016

BMI View: We have a positive long-term outlook for Germany's insurance sector, with low single-digit growth rates across both major segments. The market's mature nature means that premiums growth will largely track GDP growth over the next five years. While these sluggish growth prospects impose barriers to new market entrants, they also continue to encourage domestic players to seek new opportunities abroad in more rapidly growing markets. Mergers and acquisitions will likely be an important means of capturing market share, both for incumbents and potential new entrants.

Key Updates Key Updates & Forecasts Forecasts

Germany's mature life insurance segment will see low growth rates of approximately 1.8% over the coming years, reaching EUR98.2bn (USD117.9bn) in 2020 - up from EUR96.2bn (USD115.4bn).

Accounting for 54% of total premiums written over 2016, non-life insurance is expected to outperform life insurance in terms of growth potential over the next 5 years - reaching 55.7% market share in 2020 and EUR123.4bn (USD148.1bn).

A number of factors will account for the forecast growth in Germany's mature insurance sector, including the country's changing demographics, ongoing innovation and product development by insurers, access to capital and reinsurance markets, as well as the understanding among the public of the importance of private provision for retirement incomes.

BMI Industry View
Table: Headline Insurance Forecasts (Germany 2013-2020)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Germany 2013-2020)
Table: Life Insurance Claims (Germany 2008-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Germany 2013-2020)
Table: Non-Life Insurance Claims (Germany 2009-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Germany 2013-2020)
Insurance Risk/Reward Index
Developed States Insurance Risk/Reward Index
Table: Developed States Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Overview
The Competitive Landscape
Table: Life Market Share (2009-2014) USDmn
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Market Share (2011-2014) USDmn
Company Profile
Generali Deutschland
Munich Re
Talanx AG
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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