German Insurance Market Analysis and Growth Report, 2018
German Insurance Market Analysis and Growth Report, 2018

Report Summary:

researchFOLKS’ ’‘Germany Insurance Market Analysis” report offers a retrospective analysis of trends and events occurred in the industry in the recent few years with forward looking statements and also a comprehensive view on the impact of growing customer data volume and technology adoption in the industry. The report also provides accurately validated market statistics of both life and non-life segments along with the future projections till 2022. 

Technology, connectivity and internet usage has revolutionized the industry and offering huge growth opportunities for the insurers, which is encouraging them to pursue innovation with data and technology providers in order to improve their capabilities and product offerings. However, this has created evolving risks from cyber threats. In our report, we pinpoint how the insurers are responding to changing technology landscape and addressing cyber related issues in greater detail.

Our report also touches on various innovative distribution channels adopted by insurers, market growth drivers, emerging technologies in the market and industry benchmarking with other peer countries and their relative market positioning for both life and non-life business segments. In addition, the report also touches on regulatory framework, and broader implications of regulatory policy changes on insurance market.

Insurance Market in Germany - Highlights of the report:

The emerging digital insurance in Germany is offering new growth potential for the insurance companies. The digital insurance offers services that can lessen the existing costs, cover the areas that were left by traditional insurance, decrease the distribution costs, protection coverage, customized risk coverage, and security from cyber threats.

InsurTech companies that offer technological innovations to insurance companies has been doubled in Germany compared to previous year. Digital insurers through their cost-efficient models are increasing the competitive landscape in the insurance industry of the country. Digital sales are another area that the insurers are increasing their focus on to reach more customer base.

Artificial technology with machine learning and blockchain with distributed ledger technology are the two technology trends shaking the insurance industry and insurTech companies in Germany. The use of chatbots and automation in claims processing improved the creation of new products and data assessment to identify any potential risks. Blockchain Insurance Industry Initiative (B3i) helps the insurTech companies to develop blockchain-based solutions for insurance companies in the region.

The financial regulatory body of Germany, BaFin, has introduced new policies for the insurance companies regarding the selection and appointment of trustees of the guaranteed funds. The Finance Ministry of Germany plans to remove the legal limit on technical interest rates by introducing a new European risk capital rule by December 2018.

List of Companies mentioned in the report:

    • Allianz
    • Hannover Re
    • HypoVereinsbank
    • Munich Re
    • Talanx
    • ERGO Insurance Group
    • Generali insurance
    • Swiss Life
    • Zurich Group
    • Axa health insurance

Scope of the report:

    • The overview of insurance industry market and comprehensive analysis of the market drivers
    • It provides conventional and contemporary information about insurance market and predictions till 2022
    • It details the emerging technologies and various distribution channels adopted by insurers to improve the customer base and their economic, regional and business impact on the overall industry
    • Opportunities presented by Insurtech startups to the insurers, investment in Insurtech companies and key trends to watch in Insurtech market
    • Detailed information about existing market leaders, their strategies and government policies driving insurance market

Key Questions answered by the report:

    • What is the penetration rate of life and non-life insurance business segments; and the futuristic overview?
    • Who are the leading insurers in the market and what strategies they are adopting to maintain leadership positions?
    • What are the growth opportunities provided by the alternative distribution channels to the insurance market?
    • How are the emerging technologies and new product launches affecting the local insurers of the country?

Reasons to purchase this report:

    • Enhance the decision-making with the comprehensive information about trends, conventional statistics, and forecast for next five years
    • Understand the competitive landscape in the insurance industry and their marketing strategies
    • Unfold hidden growth opportunities with the use of data about emerging transitions in the market and customer transactional behaviors
    • Broaden the insight about regulatory policies and frameworks that impact insurance industry market
Table of Contents:

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking with Peer Countries

5. Market Attractiveness

6. Regulatory Framework

7. SWOT Analysis

8. Porter’s Five Forces Analysis

9. InsurTech Landscape

10. Industry Enablers/Growth Drivers

11. Market analysis by business segment

12. Market Analysis by Distribution Channels

13. Key Industry Developments

14. Industry Outlook

15. Key Operators in the Market – Company Profiles

16. Appendix

16.1 Industry Stats


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