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Non-Life Insurance in Germany, Key Trends and Opportunities to 2020

Non-Life Insurance in Germany, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Germany, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the German non-life insurance segment, and a comparison of the German insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the German insurance industry, 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 'Non-Life Insurance in Germany, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the German non-life insurance segment, including:

  • The German non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of the German economy and demographics
  • A comparison of the German insurance industry with its regional counterparts
  • The various distribution channels in the German non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the German insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Germany
  • Details of regulatory policy applicable to the German insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Germany:
  • It provides historical values for the German non-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 non-life insurance segment, and market forecasts to 2020.
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the German non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • In May 2017, a new regulatory framework for automated driving was established by amending the German Road Traffic Act. On May 24, 2016, new regulations related to data protection came into force. The new law is designed to guarantee data privacy and update the way organizations handle individuals’ data.
  • On May 28, 2016, new regulations on clinical trials came into effect, which were passed in the European Parliament on April 16, 2014. According to the regulation, European Union (EU) member states need to have a system in place for the compensation of any damages resulting from participation in a clinical trial conducted in their territory.
  • The German Insurance Association (GDV) published standard conditions on cyberinsurance products for small and medium sized businesses in April 2017. There were 15 insurers offering cyberinsurance products in 2016. Allianz SE launched its first cyber insurance product in 2016, for Germany's small-to-medium-sized companies.


  • Key Facts and Highlights
    • Table German Non-Life Insurance – Key Facts, 2015
    • Table German Non-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 Non-Life Insurance – Gross Written Premium (EUR Billion and US$ Billion), 2011–2015
        • Table German Non-Life Insurance – Penetration (%), 2011–2015
        • Table German Non-Life Insurance – Gross Written Premium (EUR Billion and US$ Billion), 2015–2020
        • Table German Non-Life Insurance – Penetration (%), 2015–2020
        • Table German Non-Life Insurance – Premium per Capita (EUR and US$), 2011–2015
        • Table German Non-Life Insurance – Premium per Capita (EUR and US$), 2015–2020
      • Policies sold
        • Table German Non-Life Insurance – Number of Policies Sold (Million), 2011–2015
        • Table German Non-Life Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table German Non-Life Insurance – Paid Claims (EUR Billion and US$ Billion), 2011–2015
        • Table German Non-Life Insurance – Paid Claims (EUR Billion and US$ Billion), 2015–2020
      • Profitability
        • Table German Non-Life Insurance – Profitability Ratio (%), 2011–2015
        • Table German Non-Life Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table German Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2011–2015
        • Table German Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2015–2020
        • Table German Non-Life Insurance – Total Investment Income (EUR Billion and US$ Billion), 2011–2015
        • Table German Non-Life Insurance – Total Investment Income (EUR Billion and US$ Billion), 2015–2020
        • Table German Non-Life Insurance – Investment Portfolio (EUR Billion), 2011–2015
        • Table German Non-Life Insurance – Investment Portfolio (EUR Billion), 2015–2020
  • Outlook by Category
    • Table German Non-Life Insurance – Direct Written Premium by Category (EUR Billion), 2011–2015
    • Table German Non-Life Insurance – Direct Written Premium by Category (EUR Billion), 2015–2020
    • Property Insurance
      • Product overview
      • Premium
        • Table German Property Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2011–2015
        • Table German Property Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2015–2020
      • Policies sold
        • Table German Property Insurance – Number of Policies Sold (Million), 2011–2015
        • Table German Property Insurance – Number of Policies Sold by Sub-Category (Million), 2015–2020
      • Profitability
        • Table German Property Insurance – Loss Ratio (%), 2011–2015
        • Table German Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
        • Table German Motor Insurance – Number of Vehicles by Type (Thousand), 2011–2016
        • Table German Motor Insurance – Number of Road Accidents, 2012–2015
      • Premium
        • Table German Motor Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2011–2015
        • Table German Motor Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2015–2020
      • Policies sold
        • Table German Motor Insurance – Number of Policies Sold by Sub-Category (Million), 2011–2015
        • Table German Motor Insurance – Number of Policies Sold by Sub-Category (Million), 2015–2020
      • Profitability
        • Table German Motor Insurance – Loss Ratio (%), 2011–2015
        • Table German Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table German Liability Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2011–2015
        • Table German Liability Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2015–2020
      • Policies sold
        • Table German Liability Insurance – Number of Policies Sold (Million), 2011–2015
        • Table German Liability Insurance – Number of Policies Sold (Million), 2015–2020
      • Profitability
        • Table German Liability Insurance – Loss Ratio (%), 2011–2015
        • Table German Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table German Transport Network – Global Rankings
        • Table German Marine, Aviation and Transit Insurance – Freight Carried (Million Ton), 2011–2015
      • Premium
        • Table German Marine, Aviation and Transit Insurance – Direct Written Premium by Sub- Category (EUR Billion), 2011–2015
        • Table German Marine, Aviation and Transit Insurance – Direct Written Premium by Sub- Category (EUR Billion), 2015–2020
      • Policies sold
        • Table German Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table German Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Profitability
        • Table German Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table German Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table German Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Billion), 2011–2015
      • Table German Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Billion), 2015–2020
      • Table German Non-Life Insurance – Percentage of Direct Written Premium, by Distribution Channel, 2011–2020
      • Agencies
      • Brokers
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Natural and Man-made Hazards
    • Table German Average Annual Loss by Hazard, 1990–2014
    • Windstorms and Hailstorms
    • Floods
    • Extreme Temperature and Drought
    • Exposure
  • Competitive Landscape
    • Table German Non-Life Insurance – Number of Insurers by Line of Business, 2011–2015
    • Table German Non-Life Insurance – Number of Property Type, 2011–2015
    • Table German Non-Life Insurance – Number of Motor Insurer by Type, 2011–2015
    • Table German Non-Life Insurance – Segment Shares of the Leading Insurers (%), 2015
    • Company Profiles
      • Allianz Versicherung – company overview
        • Table Allianz Versicherung – Key Facts
        • Table Allianz Versicherung – Key Financials (US$ Billion), 2011–2015
      • Allianz Global Corporate & Specialty – company overview
        • Table Allianz Global Corporate & Specialty – Key Facts
        • Table Allianz Global Corporate & Specialty – Key Financials (US$ Million), 2011–2015
      • HDI-Gerling Industrie Versicherung – company overview
        • Table HDI-Gerling Industrie Versicherung – Key Facts
        • Table HDI-Gerling Industrie Versicherung – Key Financials (US$ Million), 2011–2015
      • Axa Versicherung – company overview
        • Table Axa Versicherung – Key Facts
        • Table Axa Versicherung – Key Financials (US$ Million), 2011–2015
      • R+V Allgemeine Versicherung – company overview
        • Table R+V Allgemeine Versicherung – Key Facts
        • Table R+V Allgemeine Versicherung – Key Financials (US$ Million), 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 Insurance Industry – Policies and Premium, 2011–2015
      • Table German Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table German Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table German Non-Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table German Non-Life Insurance – Assets and Investments, 2011–2015
      • Table German Non-Life Insurance – Assets and Investments, 2015–2020
    • Direct Marketing and E-Commerce
      • Table German Non-Life Insurance – Direct Marketing and E-Commerce, 2011–2015
      • Table German Non-Life Insurance – Direct Marketing and E-Commerce, 2015–2020
    • Insurance Brokers and Agencies
      • Table German Non-Life Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table German Non-Life Insurance – Insurance Brokers and Agencies, 2015–2020
    • Bancassurance and Other Distribution Channels
      • Table German Non-Life Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table German Non-Life Insurance – Insurance Brokers and Agencies, 2015–2020
    • Property Insurance
      • Table German Non-Life Insurance – Property Insurance, 2011–2015
      • Table German Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table German Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table German Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table German Non-Life Insurance – Motor Insurance, 2011–2015
      • Table German Non-Life Insurance – Motor Insurance, 2015–2020
    • Motor Insurance by Product
      • Table German Non-Life Insurance – Motor Insurance by Product, 2011–2015
      • Table German Non-Life Insurance – Motor Insurance by Product, 2015–2020
    • Liability Insurance
      • Table German Non-Life Insurance – Liability Insurance, 2011–2015
      • Table German Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table German Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table German Non-Life Insurance – Marine, Aviation and Transit Insurance, 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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