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

Bafin warns insurers to be careful when paying dividends to shareholders

BaFin in Frankfurt Insurance supervisory chief Frank Grund is preparing the industry for tough times. (Photo: Bloomberg) frankfurt In view of the current challenges, financial regulator Bafin is asking insurers to reconsider high dividend payouts. In the face of geopolitics, the pandemic, inflation, and interest rate reversal, the industry is facing tough times. “Insurance companies … Read more

Bafin warns insurers to be careful when paying dividends to shareholders

BaFin in Frankfurt Insurance supervisory chief Frank Grund is preparing the industry for tough times. (Photo: Bloomberg) frankfurt In view of the current challenges, financial regulator Bafin is asking insurers to reconsider high dividend payouts. In the face of geopolitics, the pandemic, inflation, and interest rate reversal, the industry is facing tough times. “Insurance companies … 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

Nord Stream gas leak keeps industry busy

Construction work on Nord Stream 1 in 2011 At the time it was considered a prestigious project for Munich Re to secure the Nord Stream pipeline. (Photo: dpa) Munich/Frankfurt The three leaks in the Nord Stream 1 and 2 pipelines could become a case for insurers. However, whether they actually have to pay for the … 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

Gaps between life insurers are widening

frankfurt Rising interest rates are good for life insurers in the long run, but some providers will benefit more than others. Herbert Schneidemann, director of the German Association of Actuaries (DAV), predicts a “very mixed development” in the industry in an interview with the Handelsblatt. According to the head of the association, which represents actuaries, … 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

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

Inflation puts pressure on auto insurers

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

The economy and inflation curb demand

frankfurt Due to the negative economic outlook and the sharp increase in inflation, the rating agency Assekurata expects the demand for life insurance products to decrease. “High inflation restricts the savings possibilities of many citizens and kills the real interest in policies,” CEO Reiner Will said Tuesday in presenting a market outlook for the industry. … Read more

Policyholders are threatened with higher prices for home and auto policies

storm damage Losses from natural disasters are expected to be above average again this year. (Photo: dpa) frankfurt German property and casualty insurers are again burdened by the high costs of damage caused by natural catastrophes this year. “From an earnings perspective, 2022 is likely to be another tough year for the industry,” said Dennis … Read more

Clients should expect increasing contributions

Munich It was the biggest change in the history of insurance giant Allianz in Germany. About a year ago, the Dax group announced the end of its German national company. Property, life and health insurance units, as well as sales, remained intact. The realignment with new responsibilities, new teams and more personal responsibility has been … Read more

Signal Iduna founds new life insurer

Flags of Signal Iduna The company is one of the medium-sized German life insurers. (Photo: dpa) Munich The Dortmund insurer Signal Iduna is founding a new life insurer with a sustainable approach. Signal Iduna Lebensversicherung AG, which is attached under the holding company of the group, will go on the market next year. The new … Read more

High inflation becomes a problem

Frankfurt, Munich Persistently high inflation is becoming a huge cost driver for insurers and their clients. It is now becoming apparent that the significant increase in procurement and raw material prices has markedly increased the cost of compensation for damages. The result: customers pay significantly more in some areas. “We see that the premiums have … Read more

These are the 35 best car insurance policies

accident 35 rates reach the maximum rating FFF+ (excellent). (Photo: imago images/Shotshop) Dusseldorf The coronavirus pandemic continues to put pressure on premiums for many auto insurers. Because many people continue to work from home, the number of accidents on Germany’s roads has a positive impact on the accident balance: According to the Federal Statistical Office, … Read more

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