Reinsurance in Germany, Key Trends and Opportunities to 2018

Reinsurance in Germany, Key Trends and Opportunities to 2018

$1,950.00

Publication ID
TMC0714353
Publication Date
July 15, 2014
Pages
84
Regions Covered
Publisher
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.

1 Executive Summary

2 Introduction

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 German Insurance Industry Attractiveness

3.1 Insurance Industry Size, 2009–2018

4 Reinsurance Growth Dynamics and Challenges

4.1 Reinsurance Segment Size, 2009–2018
4.2 Reinsurance Segment Size by Premium Ceded, 2009–2018

5 Key Industry Trends and Drivers

5.1 Fundamental Business Drivers
5.2 Life Insurance Drivers
5.3 Non-Life Insurance Drivers
5.4 Personal Accident and Health Insurance Drivers

6 Competitive Landscape and Strategic Insights

6.1 Overview
6.2 Leading Companies in the German Reinsurance Segment
6.3 Münchener Rückversicherungs-Gesellschaft – Company Overview
6.3.1 Münchener Rückversicherungs-Gesellschaft – key facts
6.4 Hannover Rück SE – Company Overview
6.4.1 Hannover Rück SE – key facts
6.5 Allianz SE – Company Overview
6.5.1 Allianz Versicherung AG – key facts
6.6 E+S Rück AG – Company Overview
6.6.1 E+S Rück AG – key facts
6.7 General Reinsurance AG – Company Overview
6.7.1 General Reinsurance AG – key facts
6.8 Generali Deutschland – Company Overview
6.8.1 Generali Deutschland – key facts
6.9 R+V Versicherung – Company Overview
6.9.1 R+V Versicherung – key facts
6.1 Deutsche Rück – Company Overview
6.10.1 Deutsche Rück – key facts
6.11 Verband Oeffent Leben – Company Overview
6.11.1 Verband Oeffent Leben – key facts

7 Business Environment and Country Risk

7.1 Business Confidence
7.1.1 Market capitalization trend – Frankfurt Stock Exchange, Germany
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate EUR–US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports – total value
7.3.2 Commercial vehicles imports – total value
7.3.3 Automotive exports – total value
7.3.4 Automotive imports – total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Gross national disposable income (US$)
7.5.2 Household consumption expenditure (US$)
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population

8 Appendix

8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric’s Services
8.5 Disclaimer
 

List of Tables

Table 1: Insurance Industry Definitions
Table 2: German Insurance – Gross Written Premium by Segment (EUR Billion), 2009–2013
Table 3: German Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: German Insurance – Gross Written Premium by Segment (EUR Billion), 2013–2018
Table 5: German Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: German Insurance – Gross Written Premium by Segment (% Share), 2009–2018
Table 7: German Insurance – Direct Written Premium by Segment (EUR Billion), 2009–2013
Table 8: German Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: German Insurance – Direct Written Premium by Segment (EUR Billion), 2013–2018
Table 10: German Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: German Insurance – Direct Written Premium by Segment (% Share), 2009–2018
Table 12: German Reinsurance – Premium Accepted by Category (EUR Billion), 2009–2013
Table 13: German Reinsurance – Premium Accepted by Category (US$ Billion), 2009–2013
Table 14: German Reinsurance – Premium Accepted by Category (EUR Billion), 2013–2018
Table 15: German Reinsurance – Premium Accepted by Category (US$ Billion), 2013–2018
Table 16: German Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2009–2013
Table 17: German Reinsurance – Premium Ceded by Type of Insurance (US$ Billion), 2009–2013
Table 18: German Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2013–2018
Table 19: German Reinsurance – Premium Ceded by Type of Insurance (US$ Billion), 2013–2018
Table 20: German Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 21: German Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 22: German Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 23: German Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 24: German Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 25: German Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 26: Shares of Key Reinsurers in the German Reinsurance Segment (%), 2011
Table 27: Münchener Rückversicherungs-Gesellschaft, Key Facts
Table 28: Hannover Rück SE, Key Facts
Table 29: Allianz Versicherung AG, Key Facts
Table 30: E+S Rück AG, Key Facts
Table 31: General Reinsurance AG, Key Facts
Table 32: Generali Deutschland, Key Facts
Table 33: R+V Versicherung, Key Facts
Table 34: Deutsche Rück, Key Facts
Table 35: Verband Oeffent Leben, Key Facts
 

List of Figures

Figure 1: German Insurance – Gross Written Premium by Segment (EUR Billion), 2009–2018
Figure 2: German Insurance – Gross Written Premium Dynamics by Segment, (2009–2018)
Figure 3: German Insurance – Direct Written Premium by Segment (EUR Billion), 2009–2018
Figure 4: German Insurance – Direct Written Premium Dynamics by Segment, (2009–2018)
Figure 5: German Reinsurance – Premium Accepted by Category (EUR Billion), 2009–2018
Figure 6: German Reinsurance – Premium Accepted by Category (% Share), 2013 and 2018
Figure 7: German Reinsurance – Premium Accepted Dynamics by Category, 2009–2018
Figure 8: German Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2009–2018
Figure 9: German Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 10: German Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 11: German Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 12: German Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 13: German Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 14: German Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 15: German Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 16: Number of Reinsurance Companies in Germany, 2008–2011
Figure 17: Shares of Key Reinsurers in the German Reinsurance Segment (%), 2011
Figure 18: Germany, Frankfurt Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 19: German GDP at Constant Prices (US$ Billion), 2008–2012
Figure 20: German GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 21: German GDP at Current Prices (US$ Billion), 2008–2012
Figure 22: German GDP Per Capita at Current Prices (US$), 2008–2012
Figure 23: German GDP by Key Segments (%) 2008 and 2012
Figure 24: German Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 25: German Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 26: German Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 27: German Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 28: German Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 29: German Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007–2011
Figure 30: German Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 31: German Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 32: German Inflation Rate (%), 2008–2012
Figure 33: German Exports as a Percentage of GDP (%), 2008–2012
Figure 34: German Imports as a Percentage of GDP (%), 2008–2012
Figure 35: German Merchandise Exports Growth (%), 2008–2012
Figure 36: German Merchandise Imports Growth (%), 2008–2011
Figure 37: German Annual Average Exchange Rate US$–EUR, 2008–2012
Figure 38: German Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2011
Figure 39: German Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2011
Figure 40: German Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 41: German Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 42: German Internet Subscriptions (Millions), 2007–2011
Figure 43: German Size of Labor Force (Million), 2008–2012
Figure 44: German Unemployment Rate (%), 2008–2012
Figure 45: German Gross National Disposable Income (US$ Billion), 2008–2012
Figure 46: German Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 47: German Total Population (Million), 2008–2012
Figure 48: German Urban and Rural Populations (%), 2008–2012
Figure 49: German Population Distribution by Age (%), 2008–2012
  1. Münchener Rückversicherungs-Gesellschaft (Munich Re)
  2. Hannover Rück SE (Hannover Re)
  3. Allianz SE
  4. E+S Rück AG
  5. General Reinsurance AG
  6. Generali Deutschland
  7. R+V Versicherung
  8. Deutsche Rück
  9. Verband Oeffent Leben
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