Life Insurance in Germany, Key Trends and Opportunities to 2016

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/3t972s/life_insurance_in) has announced the addition of the "Life Insurance in Germany, Key Trends and Opportunities to 2016" report to their offering.

The German life insurance segment is one of the strongest in Europe in terms of insurance density and penetration. However, the German life insurance segment registered a negative annual growth rate due to the impact of the European sovereign debt crisis in 2011. As a result of the difficult economic conditions, German consumers are beginning to appreciate the advantages offered by life insurers. These advantages include insurance cover against biometric risks and old age guarantees. Biometric risk is the risk that the insurer has to pay pensions for a longer time or larger death or disability benefits to the insured than anticipated by the insurer when pricing the policies. There was a strong demand for single-premium life insurance as part of private old age pensions in Germany in 2010. The country's aging population and rising employment opportunities, driven by the improving European economic environment, are expected to drive German life insurance growth over the forecast period (2012-2016).

Key Highlights

- The German life insurance segment has the second-strongest growth potential in Western Europe, after Spain, due to its large economy and population.

- The country's aging population is notably contributing to the growth of the German life insurance segment, as the older population tends to purchase more life insurance than the younger population.

- The main reason for the growth of German life insurance is the rising demand for general annuity and endowment life insurance products.

- Agencies was the main distribution channel for the German life insurance segment during the review period, despite increasing competition from the cost-effective bancassurance channel.

- Despite the global economic crisis, the German life insurance segment registered moderate growth in 2008 and 2009.

- The German life segment is highly competitive and contains both domestic and foreign insurers. Allianz is the leading German life insurance company.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 German Insurance Industry Attractiveness

4 Life Insurance Market Outlook

5 Analysis by Distribution Channel

6 Regulatory Policies

7 Porter's Five Forces Analysis: German Life Insurance Segment

8 Reinsurance Growth Dynamics and Challenges

9 Competitive Landscape and Strategic Insights

10 Business Environment and Country Risk

11 Appendix

Companies Mentioned

- Allianz Lebensversicherungs-AG

- Zurich Deutscher Herold Lebensversicherung Aktiengesellschaft

- AachenMunchener Lebensversicherung AG

- R V Allgemeine Versicherung AG

- Generali Versicherung AG

- Ergo Lebensversicherung AG

- Debeka Lebensversicherung AG

- Bayern-Versicherung Lebensversicherung AG

- AXA Lebensversicherung AG

- Wuerttembergische Lebensversicherung AG

For more information visit http://www.researchandmarkets.com/research/3t972s/life_insurance_in

Research and Markets Laura Wood, Senior Manager.
[email protected]
U.S. Fax: 646-607-1907
Fax (outside U.S.): 353-1-481-1716
Sector: Life Insurance

Source: Research and Markets