Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2020

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Published: July 17, 2017 Report Code: GD-IS1518MR-ST

Report Overview
Key Players
Table of Contents
Table
Figures

GlobalData’s 'Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2020' report provides detailed analysis of the trends, drivers, challenges in the German personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the German economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Germany:

• It provides historical values for the German personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the German personal accident and health insurance segment, and market forecasts to 2020.

• It profiles the top personal accident and health insurance companies in Germany, and outlines the key regulations affecting them.

Key Highlights

• In April 2017, Munich Higher Regional Court stipulated provisions for aggregators to improve online insurance distribution activities. Aggregators are required to provide complete information to website users before completing an insurance contract online.

• On March 10, 2017, BaFin, the German financial regulatory authority, published a guidance notice on the authorization of joint-stock companies providing health insurance. The guidelines stipulated provisions regarding the documents and information required by BaFin for authorization of businesses providing health insurance.

• Effective from 2017, the contribution rate for long-term care insurance increased by 0.2 percentage points to 2.55%, or 2.8% for those without children.

• In 2017, the nursing care system was amended, and the need for long-term care is now based on the extent to which an insured’s abilities are impaired.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the German personal accident and health insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the German personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the German insurance industry, and their impact on companies and the industry's future.

Debeka
DKV Deutsche
Allianz Private
Axa
Signal
Barmenia
Johanniter Unfall Hilfe EV
Getsurance
Generali

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Policies sold

4.2.3 Profitability

4.2.4 Assets and investments

5 Outlook by Category

5.1 Personal Accident Insurance

5.1.1 Premium

5.1.2 Policies

5.2 Health Insurance

5.2.1 Premium

5.2.2 Policies

5.3 Travel Insurance

5.3.1 Premium

5.3.2 Policies

6 Distribution Channel Outlook

6.1 Analysis by Distribution Channel

7 Competitive Landscape

7.1 Company Profiles

7.1.1 Debeka Krankenversicherungsverein AG – company overview

7.1.2 DKV Deutsche Krankenversicherung AG – company overview

7.1.3 Allianz Private Krankenversicherungs-AG – company overview

7.1.4 Axa Krankenversicherung AG – company overview

7.1.5 Signal Krankenversicherung AG – company overview

8 Governance, Risk and Compliance

8.1 Legislation Overview and Historical Evolution

8.2 Latest Changes in Regulation

8.3 Legislation and Market Practice by Type of Insurance

8.3.1 Life insurance

8.3.2 Property insurance

8.3.3 Motor insurance

8.3.4 Liability insurance

8.3.5 Marine, aviation and transit insurance

8.3.6 Personal accident and health insurance

8.4 Compulsory Insurance

8.4.1 Motor third-party liability insurance

8.4.2 Workmen’s compensation insurance

8.4.3 Air carriers and aircraft operators insurance

8.4.4 Professional indemnity insurance for alternative investment fund managers

8.4.5 Product liability insurance for pharmaceutical manufacturers

8.4.6 Clinical trial liability insurance

8.4.7 Operating liability for plants posing a hazard to the environment

8.4.8 Liability for ships with respect to oil pollution

8.4.9 Liability insurance against the transport of hazardous and noxious substances by sea

8.5 Supervision and Control

8.5.1 International Association of Insurance Supervisors

8.5.2 European Insurance and Occupational Pensions Authority

8.5.3 Federation of European Risk Management Associations

8.5.4 Federal Financial Supervisory Authority

8.5.5 German Insurance Association

8.6 Non-Admitted Insurance Regulations

8.6.1 Overview

8.6.2 Intermediaries

8.6.3 Market practices

8.6.4 Fines and Penalties

8.7 Company Registration and Operations

8.7.1 Type of insurance organization

8.7.2 Establishing a local company

8.7.3 Foreign ownership

8.7.4 Types of license

8.7.5 Capital requirements

8.7.6 Solvency margin

8.7.7 Reserve requirements

8.7.8 Investment regulations

8.7.9 Statutory return requirements

8.7.10 Fee structure

8.8 Taxation

8.8.1 Insurance premium or policy taxation

8.8.2 Withholding taxes on premium paid overseas

8.8.3 Corporate tax

8.8.4 VAT

8.8.5 Captives

8.9 Legal System

8.9.1 Introduction

8.9.2 Access to court

8.9.3 Alternative dispute resolution

9 Databook

9.1 Policies and Premium

9.1.1 Claims and expenses

9.1.2 Assets and investments

9.1.3 Direct marketing and e-commerce

9.1.4 Insurance brokers and agencies

9.1.5 Bancassurance and other distribution channels

9.1.6 Personal accident insurance

9.1.7 Health insurance

9.1.8 Travel insurance

10 Definitions and Methodology

10.1 Definitions

10.2 Methodology

11 About GlobalData

11.1 Contact GlobalData

11.2 About GlobalData

11.3 GlobalData’s Services

11.4 Disclaimer

Table

Table 1: German Personal Accident and Health Insurance – Key Facts, 2015

Table 2: German Personal Accident and Health Insurance – Segment Shares of the Top Insurers, 2015

Table 3: German Government Credit Ratings

Table 4: German Personal Accident and Health Insurance – Gross Written Premium (Euro Billion and US$ Billion), 2011–2015

Table 5: German Personal Accident and Health Insurance – Penetration (%), 2011–2015

Table 6: German Personal Accident and Health Insurance – Gross Written Premium (Euro Billion and US$ Billion), 2015–2020

Table 7: German Personal Accident and Health Insurance – Penetration (%), 2015–2020

Table 8: German Personal Accident and Health Insurance – Premium per Capita (Euro and US$), 2011–2015

Table 9: German Personal Accident and Health Insurance – Premium per Capita (Euro and US$), 2015–2020

Table 10: German Personal Accident and Health Insurance – Number of Policies Sold (Million), 2011–2015

Table 11: German Personal Accident and Health Insurance – Number of Policies Sold (Million), 2015–2020

Table 12: German Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015

Table 13: German Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020

Table 14: German Personal Accident and Health Insurance – Total Assets (Euro Billion and US$ Billion), 2011–2015

Table 15: German Personal Accident and Health Insurance – Total Assets (Euro Billion and US$ Billion), 2015–2020

Table 16: German Personal Accident and Health Insurance – Total Investment Income (Euro Billion and US$ Billion), 2011–2015

Table 17: German Personal Accident and Health Insurance – Total Investment Income (Euro Billion and US$ Billion), 2015–2020

Table 18: German Personal Accident and Health Insurance – Investment Portfolio (Euro Billion), 2011–2015

Table 19: German Personal Accident and Health Insurance – Investment Portfolio (Euro Billion), 2015–2020

Table 20: German Personal Accident and Health Insurance – Direct Written Premium by Category (Euro Billion), 2011–2015

Table 21: German Personal Accident and Health Insurance – Direct Written Premium by Category (Euro Billion), 2015–2020

Table 22: German Personal Accident Insurance – Direct Written Premium (Euro Billion and US$ Billion), 2011–2015

Table 23: German Personal Accident Insurance – Direct Written Premium (Euro Billion and US$ Billion), 2015–2020

Table 24: German Personal Accident Insurance – Number of Policies Sold (Million), 2011–2015

Table 25: German Personal Accident Insurance – Number of Policies Sold (Million), 2015–2020

Table 26: German Health Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2011–2015

Table 27: German Health Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2015–2020

Table 28: German Health Insurance – Number of Policies Sold (Million), 2011–2015

Table 29: German Health Insurance – Number of Policies Sold (Million), 2015–2020

Table 30: German Travel Insurance – Direct Written Premium (Euro Billion), 2011–2015

Table 31: German Travel Insurance – Direct Written Premium (Euro Billion), 2015–2020

Table 32: German Travel Insurance – Number of Policies Sold (Million), 2011–2015

Table 33: German Travel Insurance – Number of Policies Sold (Million), 2015–2020

Table 34: German Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (Euro Billion), 2011–2015

Table 35: German Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (Euro Billion), 2015–2020

Table 36: German Personal Accident and Health Insurance – Percentage of Direct Written Premium, by Distribution Channel, 2011–2020

Table 37: German Personal Accident and Health Insurance – Market Shares of Leading Insurers (%), 2015

Table 38: Debeka Krankenversicherungsverein AG – Key Facts

Table 39: Debeka Krankenversicherungsverein AG – Key Financials (US$ Billion), 2011–2015

Table 40: DKV Deutsche Krankenversicherung AG – Key Facts

Table 41: DKV Deutsche Krankenversicherung AG – Key Financials (US$ Billion), 2011–2015

Table 42: Allianz Private Krankenversicherungs-AG – Key Facts

Table 43: Allianz Private Krankenversicherungs-AG – Key Financials (US$ Million), 2011–2015

Table 44: Axa Krankenversicherung AG – Key Facts

Table 45: Axa Krankenversicherung AG – Key Financials (US$ Million), 2011–2015

Table 46: Signal Krankenversicherung AG – Key Facts

Table 47: Signal Krankenversicherung AG – Key Financials (US$ Million), 2011–2015

Table 48: Germany– Insurance Regulatory Framework Key Features

Table 49: Germany– Life Insurance Regulatory Framework

Table 50: Germany– Property Insurance Regulatory Framework

Table 51: Germany– Motor Insurance Regulatory Framework

Table 52: Germany– Liability Insurance Regulatory Framework

Table 53:Germany – Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft

Table 54: Germany– Insurance Premium Tax (IPT)

Table 55: Germany– Corporate Tax Rates for the Financial Year 2017

Table 56: German Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015

Table 57: German Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020

Table 58: German Personal Accident and Health Insurance – Claims and Expenses, 2011–2015

Table 59: German Personal Accident and Health Insurance – Claims and Expenses, 2015–2020

Table 60: German Personal Accident and Health Insurance – Assets and Investments, 2011–2015

Table 61: German Personal Accident and Health Insurance – Assets and Investments, 2015–2020

Table 62: German Personal Accident and Health Insurance – Direct Marketing and E-Commerce, 2011–2015

Table 63: German Personal Accident and Health Insurance – Direct Marketing and E-Commerce, 2015–2020

Table 64: German Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2011–2015

Table 65: German Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2015–2020

Table 66: German Personal Accident and Health Insurance – Bancassurance and Other Distribution Channels, 2011–2015

Table 67: German Personal Accident and Health Insurance – Bancassurance and Other Distribution Channels, 2015–2020

Table 68: German Personal Accident and Health Insurance – Personal Accident Insurance, 2011–2015

Table 69: German Personal Accident and Health Insurance – Personal Accident Insurance, 2015–2020

Table 70: German Personal Accident and Health Insurance – Health Insurance, 2011–2015

Table 71: German Personal Accident and Health Insurance – Health Insurance, 2015–2020

Table 72: German Personal Accident and Health Insurance – Travel Insurance, 2011–2015

Table 73: German Personal Accident and Health Insurance – Travel Insurance, 2015–2020

Table 74: Insurance Industry Definitions

Figures

Figure 1: German Real GDP (EUR Billion), 2011–2020

Figure 2: EUR–US$ Exchange Rate, 2011–2020

Figure 3: German Consumer Price Inflation (%), 2011–2020

Figure 4: German Current Account Balance as Percentage of GDP (%), 2011–2015

Figure 5: German Unemployment Rate, 2011–2020

Figure 6: German Population by Age Group, 1990–2025

Figure 7: German Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015

Figure 8: German Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015

Figure 9: German Personal Accident and Health Insurance – Gross Written Premium (Euro Billion), 2011–2020

Figure 10: German Personal Accident and Health Insurance – Penetration (%), 2011–2020

Figure 11: German Personal Accident and Health Insurance – Premium per Capita (Euro), 2011–2020

Figure 12: German Personal Accident and Health Insurance – Number of Policies Sold (Million), 2011–2020

Figure 13: German Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2020

Figure 14: German Personal Accident and Health Insurance – Total Assets (Euro Billion), 2011–2020

Figure 15: German Personal Accident and Health Insurance – Total Investment Income (Euro Billion), 2011–2020

Figure 16: German Personal Accident and Health Insurance – Investment Portfolio (Euro Billion), 2011–2020

Figure 17: German Personal Accident and Health Insurance – Investment Portfolio Dynamics by Category, 2011–2020

Figure 18: German Personal Accident and Health Insurance – Direct Written Premium by Category (Euro Billion), 2011–2020

Figure 19: German Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2011–2020

Figure 20: German Personal Accident Insurance – Direct Written Premium (Euro Billion), 2011–2020

Figure 21: German Personal Accident Insurance – Number of Policies Sold (Million), 2011–2020

Figure 22: German Health Insurance – Direct Written Premium (EUR Billion), 2011–2020

Figure 23: German Health Insurance – Number of Policies Sold (Million), 2011–2020

Figure 24: German Travel Insurance – Direct Written Premium (Euro Billion), 2011–2020

Figure 25: German Travel Insurance – Number of Policies Sold (Million), 2011–2020

Figure 26: German Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020

Figure 27: German Personal Accident and Health Insurance – Market Shares of Leading Insurers (%), 2014

Figure 28: Germany– The Three Pillars of Solvency II

Figure 29: Germany– Insurance Supervision and Control at Various Levels

Figure 30: Germany– Insurance Regulatory Frameworks for Company Registration and Operation

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