Germany
Storms hit German insurers for €7bn
Floods and hailstorms through 2013 are set to cost German insurers almost €7bn according to the German Insurance Association.
International: Europe boards the telematics train
European powerhouse Germany is the latest country to show an appetite for collecting driving data. But the global spread isn’t stopping there.
Europe C-suite: Regulation and complexity behind rise in demand for German D&O policies
The complexity of the liability regime for directors’ and officers’ insurance and increased regulation is fuelling demand for German D&O policies.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
European PI market to be worth £6.27bn by 2017
The professional indemnity insurance market across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK- will be worth around €7.5bn (£6.27bn)by 2017.
Fitch predicts stable outlook for German non-life ratings
Ratings agency Fitch says it does not foresee a significant number of rating changes in the next 12 to 24 months within the German non-life sector.
German non-life ratings to remain stable, according to Fitch
Ratings agency Fitch says it does not foresee a significant number of rating changes in the next 12 to 24 months within the German non-life sector.
Talanx posts 8% increase in GWP in first nine months
German insurer giant Talanx posted an 8% increase in gross written premium in the first nine months of 2013 to €21.4bn.
Telefónica partnership offers first telematics product in Germany
Telefónica has partnered with Sparkassen Direktversicherung to bring the first insurance telematics product to Germany from this month.
Allianz Group to beat 2013 forecast
Insurance giant Allianz will beat its 2013 profit forecast of €9.7bn despite European storm losses.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) to be “achievable” for the full year after achieving profit of €2.2bn for the first nine months.
AIR Worldwide estimates windstorm Christian losses could reach €2.3bn
Catastrophe modelling firm AIR Worldwide has estimated insured losses from windstorm Christian will range between €1.5bn and €2.3bn, with the majority of insured losses occurring in Denmark and Germany.
International: Europe: Changing the channel
A recent study suggests insurers are failing to take advantage of digital channels. How can they harness the benefits on offer?
Windstorm could result in underwriting losses in Germany, predicts AM Best
Regionally focused German insurers may incur underwriting losses for the year from an accumulation of natural catastrophes, a report from AM Best has found.
Europe-wide Windstorm Christian losses could hit €1.3bn
Losses from a storm hitting Northern Central Europe could top €1.3bn according to latest estimates from Willis Re.
Europe: Changing the channel
In a competitive market such as insurance, industry players need to keep up with their customers to target the most effective channels for communication and engagement.
Winter storm Christian is worst in a decade
Winter storm “Christian” (known as “St. Jude” in the United Kingdom) battered the western shores of southern Britain early on Monday, October 28, 2013, as one of the strongest extratropical cyclones to affect the region in perhaps a decade.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
Europe: Insurance valuation processes
How does insurance valuation practice differ in territories around the world? Nigel Wilson explains.
German nat cat loss estimates released
Germany continued to fuel catastrophe losses for insurers and reinsurers in the third quarter, with several underwriters issuing estimates from hailstorms in the region.
International: Europe: Go west
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Hiscox expands Prima Insure deal into Germany
Bermuda-based insurer Hiscox has agreed to grow the use of distribution tool Prima Insure into Germany after seeing success in France.
Swiss Re forecasts $240m hit from German hailstorms
Hailstorms in northern and southern Germany in July will generate a claims burden of approximately $240m (€177.6m) for Swiss Re, the firm said today.
Europe: A pen for Europe?
Managing general agents have seen a resurgence of popularity in the UK, but has there been a similar renaissance across the continent? Tim Evershed investigates.