The German life insurance segment is one of the strongest in Europe in terms of insurance density and penetration. However, the German life insurance segment registered a negative annual growth rate due to the impact of the European sovereign debt crisis in 2011. As a result of the difficult economic conditions, German consumers are beginning to appreciate the advantages offered by life insurers. These advantages include insurance cover against biometric risks and old age guarantees. Biometric risk is the risk that the insurer has to pay pensions for a longer time or larger death or disability benefits to the insured than anticipated by the insurer when pricing the policies. There was a strong demand for single-premium life insurance as part of private old age pensions in Germany in 2010. The country’s aging population and rising employment opportunities, driven by the improving European economic environment, are expected to drive German life insurance growth over the forecast period (2012–2016).
Scope
Reasons To Buy
Get your copy of this report @ http://www.reportsnreports.com/reports/157186-life-insurance-in-germany-key-trends-and-opportunities-to-2016.html
Released On: 9/3/2012
Views: 3211
Released On: 8/31/2012
Views: 3933
Released On: 8/27/2012
Views: 2219
Released On: 8/23/2012
Views: 3074
Released On: 8/23/2012
Views: 2122
Released On: 8/21/2012
Views: 2797
Released On: 8/16/2012
Views: 3448
Released On: 8/16/2012
Views: 2054
Released On: 8/16/2012
Views: 4297
Released On: 8/14/2012
Views: 2184
Released On: 8/14/2012
Views: 1883