Insurance Post

Survival of the fittest


By Knut Schaefer.For people outside Germany it is hard to appreciate quite what an impact the current row over reinsurance ratings is having on its insurance industry. To say that it is the big talking point in the country would be an understatement.Germany has the oldest reinsurance industry in the world and, of course, many of the biggest reinsurers. In stark contrast, the German insurance industry is highly fragmented and has largely resisted the recent trend towards consolidation. There