Product Type: Market Research Report
Published by: Global Industry Analysts
Published: March 2008
Product Code: R263-3397Description The German Insurance Industry Report provides insightful analysis, market briefs, industry structure and outlook of life and non-life insurance industries in the country. The report also examines the pension market and other sectors of non-life insurance industry like property, health, fire, natural catastrophe, homeowners, and motor insurance among others. Get a rudimentary insight into the German financial system; direct writing, key legislative measures and insurance pools in the country. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. Get a bird’s eye view of the latest launches of insurance products by major industry players in the country. The report also peeps into the recent past/ historical perspective of the country’s insurance market and corporate developments within the industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. The report discusses several key and niche players such as Allianz SE, Debeka Krankenversicherungsverein auf Gegenseitigkeit, DKV Deutsche Krankenversicherung AG, Atradius, Hanover Re Group, and Muenchener Rueckversicherungs-Gesellschaft AG.
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Table of Contents - 1. German Insurance Industry - An Insight
- Regulatory Reforms: Taxing the Future of Life?
- Europe’s Largest Life Insurance Market
- Table 1: German Recent Past, Current & Future Analysis for
- Insurance Industry by Segment - Life & Non-Life Markets
- Independently Analyzed with Annual Premium Income in US$
- Million for the Years 2006 through 2010 (includes
- corresponding Graph/Chart)
- Table 2: German 5-Year Perspective for Insurance Industry by
- Segment - Percentage Breakdown of Premium Income for Life and
- Non-Life Markets for 2006, 2008, and 2010 (includes
- corresponding Graph/Chart)
- Table 3: German Insurance Industry (2006): Per Capita Premium
- in US$, and Penetration of Insurance by Category - Life and
- Non-Life
- Abroad Business of German Companies
- Table 4: German Insurance Industry (2007 & 2008): Percentage
- Breakdown of Premiums Written Abroad by German Insurance
- Companies by Category - Non-Life Insurance (Marine, General
- Liability, Fire & Other Property, Accident/Health and Other
- Insurance Class) and Life Insurance (includes corresponding
- Graph/Chart)
- September 11 Attacks Spur the Emergence of Reinsurance Agencies
- Table 5: German Recent Past, Current & Future Analysis for
- Reinsurance Industry with Annual Premium Income in Euro
- Million for the Years 2006 through 2010 (includes
- corresponding Graph/Chart)
- Insurance Linked to the Economy
- Challenges Facing the Sector
- 2. Industry Structure
- Table 6: German Insurance Industry (2005 & 2006): Percentage
- Breakdown of Gross Written Premiums in Private Insurance
- (Direct Business) by Category -Life Assurance, Private Health
- Insurance, Non-Life Insurance (Accident, General Liability,
- Legal Expenses, Motor, Marine, Property, and Credit) (includes
- corresponding Graph/Chart)
- Table 7: German Insurance Industry (2005 & 2006): Percentage
- Breakdown of Claims Paid by Direct Insurers (Within GDV) by
- Category -Life Assurance, Private Health Insurance, Non-Life
- Insurance (Accident, General Liability, Legal Expenses, Motor,
- Marine, Property, and Credit) (includes corresponding
- Graph/Chart)
- Table 8: German Insurance Industry (2005): Percentage
- Breakdown of Investments by Private Insurers by Category -
- Life Assurance, Health Insurance, Non-Life Insurance, and
- Reinsurance (includes corresponding Graph/Chart)
- Table 9: German Insurance Industry (2005): Number of Agents
- and Brokers Employed (in Thousands) by Type - Insurance
- Brokers, Independent Full-Time Agents, and Part-Time Agents
- (includes corresponding Graph/Chart)
- Table 10: German Reinsurance Market (2005 & 2006): Gross and
- Net Premiums in € Million by Category - Life/Health, Property
- & Casualty, Financial Reinsurance, and Specialty Reinsurance
- (includes corresponding Graph/Chart)
- Table 11: German Reinsurance Industry (2007 & 2008):
- Percentage Breakdown of Premium Income by Category - Life,
- Fire, Motor, General Liability, Private Accident, Marine and
- Others (includes corresponding Graph/Chart)
- Insurance Penetration in German Households
-
- Table 12: German Insurance Industry (1991-2004): Insurance
- Penetration Rate in German Households (In %) (includes
- corresponding Graph/Chart)
-
Personal Lines Remain A Terrain for Few
P & C Retains Vitality with Steadier Pricing in Commercial Lines
Consolidation Scenario
Significance of a Single Market
- Table 13: German Insurance Industry (2004 & 2005): Number of
Insurance Companies by Sector for Life, Health, Non-Life, and
Reinsurance (includes corresponding Graph/Chart)
Table 14: German Insurance Industry (1990-2006): Number of
Insurance Companies by Sector for Life, Health, Non-Life,
and Reinsurance (includes corresponding Graph/Chart)
3. Outlook
4. Life Insurance Sector
Life Insurance Market Trends - Review of First Half of 2006
Highlights
- Table 15: German Life Insurance Industry (2007 & 2008):
- Percentage Breakdown of Premiums by Category - Endowment,
- Annuities & Pensions, Unit-Linked Endowment & Annuity,
- Collective Policies and Supplementary Insurance (includes
- corresponding Graph/Chart)
- Table 16: German Life Insurance Industry (2005): Percentage
- Value Breakdown of Life Annualized New Business by Business
- Type - Individual Insurance Contracts (Annuities & Pension,
- Dependency Annuity, Disability, Endowment, Term Insurance,
- Others) and Group Insurance Contracts (Endowment, Residual
- Debt, Term Insurance, and Others) (includes corresponding
- Graph/Chart)
- Table 17: German Life Insurance Industry: Gross Written
- Premium in US$ Billion for 1999-2002 (includes corresponding
- Graph/Chart)
Market Players
- Table 18: Leading Players in German Life Insurance Market
- (2004): Percentage Market Share by Company - Allianz, AXA,
- Debeka, Generali, HDI (Talanx), Munich Re, R+V, Zurich, and
- Others (includes corresponding Graph/Chart)
- Table 19: German Life Insurance Industry (2003): Gross
- Written Premium in US$ Billion by Leading Companies for
- Allianz Leben, Hamb. Mannheimer LV, Aachener/Mchn Leben, R+V
- Lebensvers AG, DT. Herold Leben, Victoria Leben,
- Volksfursorge DT LV, Axa Leben, Debeka Leben, and Gerling-K.
- Leben (includes corresponding Graph/Chart)
- Table 20: Leading Players in the German Life Insurance
- Market (2002) - Gross Written Premiums in US$ Million for
- Allianz Leben, Aachener/Mchn. Leben, Hamb. Mannheimer LV, R+V
- Lebensvers. AG, and DT. Herold Leben (includes corresponding
- Graph/Chart)
5. German Pension Market
Compulsory Pension (Contributory State Pension)
Occupational Pension (Voluntary)
- Types of Occupational Pension
- Book Reserves
- Retirement Funds (Pensionskasse)
- Direct Insurance
- Support Fund
- Pension Fund
- Personal Pensions and Other Retirement Savings (Voluntary)
6. Health Insurance
Market Highlights
- Table 21: German Health Insurance Industry: Gross Written
- Premium in US$ Billion for 1999-2003 (includes corresponding
- Graph/Chart)
German Health Insurance Industry - Market Statistics of 2005 & First Half of 2006
Private Health Insurance Sector
- Table 22: German Private Health Insurance Market (2005):
- Premiums in € Billion by Business Segment - Health Insurance
- (Daily Benefits Insurance, Independent Hospital Cash Schemes,
- Medical Expenses Insurance, Special Types of Insurance, and
- Other Independent Partial Insurances) and Compulsory
- Long-Term Care Insurance (includes corresponding Graph/Chart)
Health Insurance & Pension Schemes Cover Major Share of Cancer Costs
Health Insurance and Insurers’ Predicament
Major Players in the German Private Health Insurance Sector
- DKV Deutsche
- Signal
7. Non-Life Insurance Sector
- Table 23: German Non-Life Insurance Industry (2007 & 2008):
- Percentage Breakdown of Premium Income by Class - Motor,
- Property Insurance, Private Accident, General Liability, Legal
- Expenses and Others (includes corresponding Graph/Chart)
- Table 24: German Non-Life Insurance Industry (2005): Premium
- Income and Claims Paid in € Billion for Select Classes
- -General Liability, Legal Expenses, Marine, Motor Insurance,
- Motor Liability, Motor Accident, and Private Accident
- Insurance (includes corresponding Graph/Chart)
Market Players
- Table 25: German Non-Life Insurance Industry (2003): Gross
- Written Premium in US$ Billion by Leading Companies for
- Allianz Vers., Axa Vers., Gerling-K. Allgemeine, R+V
- Allgemeine Vers., Zurich Vers. AG, HUK-Coburg, Victoria
- Vers., Wurtt. Vers., Gothaer Allg. Vers. AG, and LVM Sach
- (includes corresponding Graph/Chart)
- Table 26: Leading Players in the German Non-Life Insurance
- Market (2002) - Gross Written Premiums in US$ Million for
- Allianz Vers., AXA Vers., Gerling-K. Allgemeine, R+V
- Allgemeine Vers., and Zurich Vers. AG (includes
- corresponding Graph/Chart)
Property Insurance
Highlights
- Table 27: German Non-Life Property Insurance Market (2005 &
- 2006): Percentage Breakdown of Gross Written Premiums in
- Private Insurance (Direct Business) by Segment - Agricultural
- Property Insurance, Commercial Property Insurance, Industrial
- Property Insurance, and Private Property Insurance (includes
- corresponding Graph/Chart)
- Table 28: German Non-Life Property Insurance Market (2005 &
- 2006): Percentage Breakdown of Claims Paid by Direct Insurers
- (Within GDV) by Segment - Agricultural Property Insurance,
- Commercial Property Insurance, Industrial Property Insurance,
- and Private Property Insurance (includes corresponding
- Graph/Chart)
Motor Insurance
- Table 29: German Motor Insurance Market (2006 & 2007):
- Percentage Breakdown of Premiums by Category - Third Party
- Liability, Full Comprehensive and Partial Comprehensive
- (includes corresponding Graph/Chart)
- Table 30: German Motor Insurance Market (2006 & 2007):
- Percentage Breakdown of Claims by Category - Third Party
- Liability, Full Comprehensive and Partial Comprehensive
- (includes corresponding Graph/Chart)
- Table 31: Leading Players in German Motor Insurance Market
- (2006 & 2007): Percentage Market Share by Company - Allianz,
- R & V, AMB Generali, Zurich, Axa, LVM, VHV, HDI, DEVK, and
- Others (includes corresponding Graph/Chart)
- Table 32: German Motor Insurance and Other Non-Life Insurance
- Market: Gross Written Premium (GWP) in US$ Million for
- 1999-2003 - Historic Data (includes corresponding
- Graph/Chart)
Natural Catastrophe Insurance
8. Direct Writing in Germany
9. German Financial System
A Comparative Study of the US and German Financial Systems
10. Key Legislative Measures and Plans
Asset Valuation Rules Simplified
IDW’s New Guidelines in Germany
Private Health Funds Receive Boost
11. Insurance Pools
Extremus
Protektor Lebensversicherungs-AG
Essential Features of Protektor AG
12. Role of GDV (Gesamtverband der Deutschen Ver-sicherungswirtschaft)
Key Statistics of GDV Members
- Table 33: Premiums Written for GDV Members by Insurance
- Class in DM Billion (1999 & 2000) (includes corresponding
- Graph/Chart)
- Table 34: Benefits and Claims Covered by Insurance Class for
- GDV Members in DM Billion (1999 & 2000) (includes
- corresponding Graph/Chart)
13. Historic Review of Various Insurance Sectors
Motor
Homeowners
Fire
Health
Life
14. Product Developments
Allianz Releases Catastrophe Bond
Euler Hermes to Launch Export Credit Insurance in Japan
Industrial Health Funds Provide Insurance Cover for DocMorris.com’s Drugs
Munich Re Offers Policy for World Cup
15. Recent Industry Activity
AIG Acquires Württembergische und Badische Versicherungs
Zurich to Acquire Real Garant Versicherung AG
TietoEnator Divests Reinsurance and Leasing Operations
Allianz to Acquire Allianz Leben and AGF
Talanx to Acquire BHW Leben
Flowers Negotiates with Prospects for Sale of Wuba
Fortis Acquires Gutingia
Allianz Versicherung Splits to Form Allianz Global Corporate & Specialty
Munich Re Finds a Buyer for Stake in HVB
HBOS Strides Ahead for Pocketing MLP Life Insurance Company
Gothaer Proposes to Acquire Axa’s Darag
Allianz to Expand Business in China
16. Strategic Corporate Developments in Past
Allianz Divests Life Insurance Business
Allianz Buys 49% Stake in JV with AGF Insurance
Coface Gains Gerling’s Credit Insurance Operations in Denmark and the Netherlands
AXA Hikes Stake in Tecis
Allianz Purchases Stake in Rosno
Munich Reinsurance Forms a Spanish Joint Venture
17. Focus on Select German Players
Allianz SE
Debeka Krankenversicherungsverein auf Gegenseitigkeit - A Leading Insurer in Germany
DKV Deutsche Krankenversicherung AG - One of the Leading German Insurers
Atradius
Hanover Re Group
Muenchener Rueckversicherungs-Gesellschaft AG
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