What financial advisers are advising clients to do with higher insurance premiums

Accident investigation If repair costs increase due to inflation, the costs for the insurer and consequently for the insured increase. (Photo: dpa) Cologne Insurance brokers have a lot of work to do. Because rising prices are having an impact on homeowners insurance coverage and premiums. Policies are getting more and more expensive. Even the financial … Read more

Why the wrong advice can be expensive

Bad advice on money issues. Financial advisors can be held liable for damages if they make mistakes. (Photo: dpa) Munich False information can cost a financial advisor dearly. Even if you only advised your clients verbally and didn’t even provide the information in writing. This was the experience of an insurance broker who checked with … Read more

Hannover Re expects these price increases

fender bender There are more people on the streets again. As a result, more accidents happen. (Photo: imago stock&people) Baden Baden The world’s third largest reinsurer, Hannover Re, believes there is a need for German auto insurers to raise prices considerably in the current changing season. Due to the sharp increase in the prices of … Read more

Car insurance: just calling saves a lot of money – economy

875 euros instead of the previous 690 euros: a retired couple with a 15-year-old BMW X3 would have had to pay much more for their car insurance next year. And that’s despite an improved claim-free class, meaning the number of accident-free years for each driver. With the “customer loyalty discount” automatically granted by the insurer, … Read more

Allianz: Good numbers, aggressive boss – economy

Indeed, Allianz management can be very pleased. With the current figures, she is helped by sharply rising prices and higher investment returns, after all interest rates are rising. Germany’s largest insurer achieved an operating profit of 10.2 billion euros in the first nine months, 3 percent more than in the same period last year. Sales … Read more

Strong quarter for Allianz: Analysts mostly praise planned share buybacks

alliance logo The insurer launches a share buyback program after a strong third quarter. (Photo: dpa) Frankfurt, Munich After a strong third quarter, the Munich-based DAX Allianz group announced a share buyback program. From mid-November to the end of 2023 at the latest, the insurer wants to buy back €1 billion worth of shares, as … Read more

Reinsurers want higher prices for auto insurance: economics

Motorists must be prepared for sharp price increases in their vehicle policies by 2023. In the opinion of the reinsurer E+S Rück, which belongs to Hannover Re, premiums must increase by at least ten percent if insurers do not want to end the next year with red numbers. For consumers, this means they have to … Read more

Allianz requires fewer new parts for vehicle damage

Workshop Porsche Center in Stuttgart An appraiser checks the paint on a Porsche sports car in the workshop of the Porsche Center Stuttgart. (Photo: dpa) Munich The alliance requires that vehicle damage be repaired more frequently in the future rather than repaired with new parts. So-called green repair methods would make a significant contribution to … Read more

That’s how expensive it is for reinsurers like Munich Re

Daytona beach shores Beachgoers survey the damage caused by Hurricane Ian in Florida. (Photo: dpa) frankfurt Hurricane Ian hit Florida and South Carolina in recent days, causing widespread devastation. While the full extent of the damage has yet to be determined, there are signs that Ian could become the second highest insured loss disaster on … Read more

The works councils and the management of Allianz discuss – economy

Does the holding company of the Allianz group, Allianz SE, under the management of Oliver Bäte, hinder the work of the works councils? Are business meetings interrupted? Have Allianz’s higher-ups really tried to provoke fights with works council members to use this as a reason for immediate dismissal? At least that is what the works … Read more

Insurance: Allianz profits fall

The first half of 2022 is not too happy for Allianz. A scandal in the US and the collapse of financial markets halved net profit. A billion dollar scandal in the USA and falling financial markets have cut Allianz’s net profit by more than half in the first half of the year. Germany’s largest insurer … Read more

Insurance: inflation and weather: reinsurers want more money

Monte Carlo Pickel cited rising costs for auto parts and repairs as the reason. Here alone, price increases would be around ten percent. In the case of real estate, construction costs and values ​​have soared about 15 percent. In addition, Hannover Re wants surcharges for increased risks, for example as a result of increased natural … Read more

Sustainable insurance: Green applies for insurance license

Munich Sustainability is also the topic of the moment in the insurance industry. Big providers are investing in wind and solar power, and talk a lot about their green systems. “But there is still no truly sustainable insurance,” Marie-Luise Meinhold is convinced. “A lot of things are still light green, if they are at all.” … Read more

Liability risks for managers are increasing

frankfurt Industrial insurer Allianz Global Corporate & Specialty (AGCS) sees a number of risks for management and supervisory boards in the coming year. These included high inflation, a growing number of corporate bankruptcies, cyberattacks, and speculative bubbles in certain assets. In addition, shareholders in the US are increasingly suing foreign companies and new liability risks … Read more

These are the best insurers in 2022

insurance for cyclists Digital policy conclusions are an important criterion for young target groups (Photo: dpa) Cologne Digital insurer Wefox relies on pure emotion in the competition for attention. The German-Swiss insurtech signed shirt sponsorship deals with Italian soccer champions AC Milan and Bundesliga club Union Berlin earlier this year. Wefox wants to reach existing … Read more

Car insurers under pressure: Car insurance is likely to get more expensive

Insurers cited strong claims inflation in the first half of the year as the reason. Berenberg analyst Thomas Bateman is convinced: “The only way out for car insurers is to react with significant price increases.” In Germany, too, higher damage costs and possible premium adjustments in car insurance have been discussed for some time. However, … Read more

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