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"Non-Life Insurance in Germany, Key Trends and Opportunities to 2018" Published

Fast Market Research recommends "Non-Life Insurance in Germany, Key Trends and Opportunities to 2018" from Timetric, now available

 

Boston, MA -- (SBWIRE) -- 08/06/2014 -- In terms of gross written premium, German non-life insurance is one of the leading segments of its kind in Europe. Compulsory insurance aided rapid segment growth during 2001-2011. However, due to the impact of the global financial crisis, the segment's growth bordered on stagnant during 2008-2010.

The non-life segment is highly fragmented, with more than 200 insurers supplying a variety of products, and the top 10 companies accounting for 46.2% of the segment's total written premium in 2012. The non-life segment recorded the strongest annual growth during the review period, reaching 5.1% in 2012. This was also the highest growth rate in the non-life segment since 2003, due to the 6.1% growth in motor cover in 2012. Non-life insurers are increasingly focusing on underwriting profitability, as low interest rates continue to suppress investment income.

Report Highlights:

- Non-life is the second-largest segment of the German insurance industry, with a 30.9% share in terms of gross written premium in 2013.

- The non-life segment is highly fragmented, with more than 200 insurers supplying a variety of products, and the top 10 companies accounting for 46.2% of the segment's total written premium in 2012.

- Compulsory motor third-party cover is expected to drive the growth of non-life segment over the forecast period.

- In terms of gross written premium, the non-life segment recorded a CAGR of 3.3% during the review period, as well as an annual growth of 3.6% in 2013.

- The motor insurance category accounted for 41.7% in terms of gross written premium by category - the largest in the non-life segment in 2013.

View Full Report Details and Table of Contents

Report Scope:

This report provides a comprehensive analysis of the non-life insurance segment in Germany:

- It provides historical values for Germany's non-life insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.

- It offers a detailed analysis of the key categiories in Germany's non-life insurance segment, along with market forecasts until 2018.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

- It analyses the various distribution channels for non-life insurance products in Germany.

- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Germany for the non-life insurance segment.

- It provides a detailed analysis of the reinsurance segment in Germany and its growth prospects.

- It profiles the top non-life insurance companies in Germany and outlines the key regulations affecting them.

Reasons to Get this Report:

- 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 within the German non-life insurance segment

- Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment

- Identify the growth opportunities and market dynamics within key product categories

- Gain insights into key regulations governing the German insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: Allianz Versicherung AG, Axa Versicherung AG, Allianz Global Corporate & Specialty AG, HDI-Gerling Industrie Versicherung AG, Ergo Versicherung AG, R+V Allgemeine Versicherung AG, LVM Sachversicherung AG, Pensions Sicherungs Verein, Generali Versicherung AG, VHV Allgemeine Versicherung

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