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Life Insurance in Germany, Key Trends and Opportunities to 2020

Life Insurance in Germany, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Germany, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the German life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the German economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Germany, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the German life insurance segment, including:

  • The German life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • A comprehensive overview of the German economy and demographics
  • The various distribution channels in the German life insurance segment
  • Details of the competitive landscape in the life insurance segment in Germany
  • Details of regulatory policy applicable to the German insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Germany:
  • It provides historical values for the German life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the German life insurance segment, and market forecasts to 2020.
  • It analyzes the various distribution channels for life insurance products in Germany.
  • It profiles the top life insurance companies in Germany and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the German life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the German life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the German insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • On July 6, 2016, the European Insurance and Occupational Pensions Authority (EIOPA) published its final advice on the introduction of a pan-European Personal Pension Product (PEPP).
  • On May 25, 2016, BaFin, the German financial regulatory body, published new guidelines for the selection and appointment of trustees of the guaranteed funds of insurance companies and pension funds.
  • In May 2016, the Finance Ministry of Germany announced plans to limit the technical interest rate applicable on guaranteed life policies from 1.25% to 0.9% from January 2017. The government eventually plans to terminate the legal limit on technical rates with a new European risk capital rule by December 2018.
  • The new regulatory framework, Solvency II, came into force in Germany on January 1, 2016. It is based on three pillars: risk-based quantitative requirements, governance and supervision, and disclosure and transparency.


  • Key Facts and Highlights
    • Table German Life Insurance - Key Facts, 2015
    • Table German Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table German Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table German Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table German Life Insurance - Penetration (%), 2011-2015
        • Table German Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table German Life Insurance - Penetration (%), 2015-2020
        • Table German Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table German Life Insurance - New Business Direct Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table German Life Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table German Life Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Policies sold
        • Table German Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table German Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Sum assured
        • Table German Life Insurance - Sum Assured (EUR Billion and US$ Billion), 2011-2015
        • Table German Life Insurance - Sum Assured (EUR Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table German Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table German Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table German Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table German Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
        • Table German Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
        • Table German Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table German Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2015
    • Table German Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table German Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table German Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table German Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
        • Table German Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table German Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Billion), 2011-2015
      • Table German Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Billion), 2015-2020
      • Table German Life Insurance - Percentage of New Business Direct Written Premium, by Distribution Channel, 2011-2020
      • Agencies
      • Brokers
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Competitive Landscape
    • Table German Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Allianz Lebensversicherungs AG - company overview
        • Table Allianz Lebensversicherungs AG - Key Facts
        • Table Allianz Lebensversicherungs AG - Key Financials (US$ Billion), 2011-2015
      • R+V Lebensversicherung AG - company overview
        • Table R+V Lebensversicherung AG - Key Facts
        • Table R+V Lebensversicherung AG - Key Financials (US$ Billion), 2011-2015
      • AachenMünchener Lebensversicherung - company overview
        • Table AachenMünchener Lebensversicherung - Key Facts
        • Table AachenMünchener Lebensversicherung - Key Financials (US$ Billion), 2011-2015
      • Zurich Deutscher Herold - company overview
        • Table Zurich Deutscher Herold - Key Facts
        • Table Zurich Deutscher Herold - Key Financials (US$ Billion), 2011-2015
      • Debeka Lebensversicherung - company overview
        • Table Debeka Lebensversicherung - Key Facts
        • Table Debeka Lebensversicherung - Key Financials (US$ Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table Germany- Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Germany- Life Insurance Regulatory Framework
      • Property insurance
        • Table Germany- Property Insurance Regulatory Framework
      • Motor insurance
        • Table Germany- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Germany- Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workmen's compensation insurance
      • Air carriers and aircraft operators insurance
        • Table Germany - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Product liability insurance for pharmaceutical manufacturers
      • Clinical trial liability insurance
      • Operating liability for plants posing a hazard to the environment
      • Liability for ships with respect to oil pollution
      • Liability insurance against the transport of hazardous and noxious substances by sea
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Federal Financial Supervisory Authority
      • German Insurance Association
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Germany- Insurance Premium Tax (IPT)
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Germany- Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table German Life Insurance - Policies and Premium, 2011-2015
      • Table German Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table German Life Insurance - Claims and Expenses, 2011-2015
      • Table German Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table German Life Insurance - Assets and Investments, 2011-2015
      • Table German Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table German Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table German Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table German Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table German Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table German Life Insurance - Bancassurance and Other Distribution Channels, 2011-2015
      • Table German Life Insurance - Bancassurance and Other Distribution Channels, 2015-2020
    • Individual Life Insurance
      • Table German Life Insurance - Individual Life Insurance, 2011-2015
      • Table German Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table German Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table German Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table German Life Insurance - Group Life Insurance, 2011-2015
      • Table German Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table German Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table German Life Insurance - Group Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table German Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table German Life Insurance - Individual Life Insurance by Premium, 2015-2020
    • Group Life - Single vs Non-Single Premium
      • Table German Life Insurance - Group Life Insurance by Premium, 2011-2015
      • Table German Life Insurance - Group Life Insurance by Premium, 2015-2020
    • Linked vs Non-Linked Policies
      • Table German Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table German Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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