The gross written premium of the German insurance industry is expected to increase at a CAGR of over 2% in the next four years, according to a new study on ASDReports

Friday 25 July 2014, Amsterdam

Report description overview:

The new report now available on ASDReports, provides in-depth market analysis, information and insights into the German reinsurance segment, including the German reinsurance segment's growth prospects by reinsurance categories and key trends and drivers for the reinsurance segment. By purchasing this report, you will also gain an understanding of the German reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments and the competitive landscape in the German reinsurance segment.

The difference:

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

Additional report highlights:
In terms of gross written premium, the German insurance industry is a global leader. During the last five years 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 over 6%.

The German reinsurance segment is led by large domestic reinsurers such as Munich Re, Hannover Re and Allianz. These companies operate globally, as the domestic reinsurance segment is highly consolidated and competitive. The financial stability of these large companies created a favorable environment for insurers to share risk domestically. This favorable environment will also affect the markets of other reinsurers over the forecast period, as domestic insurers prefer to share risk with large domestic reinsurers.