In terms
of gross written premium, the German insurance industry is a global leader.
During the review period (2009−2013) the industry registered varying growth
rates due to the impact of the financial crisis. However, the industry’s strong
regulatory framework supported its growth. Natural disasters supported the
growth of reinsurance during the review period, and the German reinsurance
segment is the largest in Europe and the second-largest in the world. Germany
is home to Munich Re and Hannover Re, two of the world’s largest reinsurance
groups. The recovery of the financial markets in 2010 had a positive influence
on the nation’s labor market, and property prices began to improve as a result.
This is leading to moderate growth in the life and non-life segments, which is
expected to continue over the forecast period (2013–2018), and drive the
reinsurance segment. The increase in the cost of motor insurance and rising
property prices will have a positive impact on the overall industry. With the
impact of storm Emma and hurricane Kyrill, the German reinsurance segment is
expected post a forecast-period CAGR of 6.3%.
The report provides in-depth market
analysis, information and insights into the German reinsurance segment,
including:
- The German reinsurance segment's growth prospects by reinsurance categories
- Key trends and drivers for the reinsurance segment
- The German reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
- The competitive landscape in the German reinsurance segment
Scope
This
report provides a comprehensive analysis of the reinsurance segment in Germany:
- It provides historical values for Germany’s reinsurance 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 sub-segments in Germany’s reinsurance segment, along with market forecasts until 2018.
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Germany and its growth prospects.
Reasons to Buy
- Make strategic business decisions using in depth historic and forecast market data related to the German reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the German 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
Key Highlights
- The German reinsurance segment consists of two leading global reinsurers: Munich Re and Hannover Re. Both registered a profit in the first quarter of 2013.
- The German reinsurance segment is the second-largest in the world in terms of gross written premium.
- In terms of accessing reinsurance business, insurers have established local offices after the country’s implementation of liberalization policies, which provide free movement to insurers and reinsurers inside Europe.
- The reinsurance segment is dominated by treaty reinsurance, which accounted for 93.7% of the segment’s written premium in 2013, a figure that is expected to increase to 94.1% in 2018
Spanning Over 84 pages,
“Reinsurance
in Germany, Key Trends and Opportunities to 2018” report
covering the German Insurance Industry Attractiveness, Reinsurance Growth
Dynamics and Challenges, Key Industry Trends and Drivers, Competitive Landscape
and Strategic Insights, Business Environment and Country Risk, Appendix. The report
covered companies are - Münchener Rückversicherungs-Gesellschaft (Munich Re),
Hannover Rück SE (Hannover Re), Allianz SE, E+S Rück AG, General Reinsurance
AG, Generali Deutschland, R+V Versicherung, Deutsche Rück, Verband Oeffent
Leben
See Table
of contents & Purchase this publication at: - http://mrr.cm/ZsH
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