Trends and Opportunities in the German Life Insurance Industry to 2016: Market Profile

Date: May 24, 2012
Pages: 124
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US$ 1,000.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: T6A8F33AF55EN
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Trends and Opportunities in the German Life Insurance Industry to 2016: Market Profile
Synopsis

The report provides market analysis, information and insights into the German life insurance market, including:
  • A description of the life insurance market in Germany
  • The German life insurance market’s growth prospects by life insurance categories and customer segments
  • The various distribution channels in the German life insurance market

Summary

The German life insurance segment grew during the review period due to the country’s aging population, rising of the retirement age to 67 and tax benefits on long-term saving products such as life insurance. The individual endowment insurance category accounted for the largest share of XX% of the total life insurance written premiums in 2011, followed by general annuity products, with a share of XX%, and retirement and variable insurance products, which together generated a share of XX%. Germany’s growing GDP, increasing disposable income and life insurance product innovation is expected to contribute towards the growth of life insurance over the forecast period.

Scope

This report provides a comprehensive analysis of the life insurance market in Germany:
  • It provides historical values for Germany’s life insurance market for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in Germany’s life insurance market, along with market forecasts until 2016
  • It analyses the various distribution channels for life insurance products in Germany

Reasons To Buy
  • Make strategic business decisions using historic and forecast market data related to the German life insurance market
  • Understand the demand-side dynamics, key market trends and growth opportunities within the German life insurance market
  • Identify the growth opportunities and market dynamics within key product categories
1 INTRODUCTION

1.1 What is this Report About?
1.2 Definitions
1.3 Methodology

2 GERMAN INSURANCE INDUSTRY ATTRACTIVENESS

2.1 Insurance Industry
2.2 Key Industry Trends and Drivers
  2.2.1 Business drivers
  2.2.2 Consumer drivers
2.3 Recent Market Developments

3 LIFE INSURANCE MARKET OUTLOOK

3.1 Life Insurance Growth Prospects by Category
  3.1.1 Individual life insurance category
  3.1.2 Individual general annuity insurance category
  3.1.3 Individual pension insurance category
  3.1.4 Individual endowment insurance category
  3.1.5 Individual unit-linked insurance category
  3.1.6 Individual supplementary insurance category
  3.1.7 Group life category
3.2 Life Insurance Growth Prospects by Individual and Group Products
  3.2.1 Individual products
  3.2.2 Individual single-premium policies
  3.2.3 Individual non-single-premium policies
  3.2.4 Group insurance products
  3.2.5 Group single-premium policies
  3.2.6 Group non-single-premium policies

4 ANALYSIS BY DISTRIBUTION CHANNEL

4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 Other Distribution Channels

5 APPENDIX

5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: German Insurance Overall Written Premium by Segment (EUR Billion), 2007-2011
Table 3: German Insurance Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: German Insurance Overall Written Premium by Segment (EUR Billion), 2011-2016
Table 5: German Insurance Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: German Insurance Segmentation (%), 2007-2016
Table 7: Life Insurance - Written Premium by Category (EUR Billion), 2007-2011
Table 8: Life Insurance - Written Premium by Category (US$ Billion), 2007-2011
Table 9: Life Insurance - Written Premium by Category (EUR Billion), 2011-2016
Table 10: Life Insurance - Written Premium by Category (US$ Billion), 2011-2016
Table 11: Life Insurance - Incurred Loss (EUR Billion), 2007-2011
Table 12: Life Insurance - Incurred Loss (EUR Billion), 2011-2016
Table 13: Life Insurance - Loss Ratio (%), 2007-2011
Table 14: Life Insurance - Loss Ratio (%), 2011-2016
Table 15: Life Insurance - Commissions and Expenses (EUR Billion), 2007-2011
Table 16: Life Insurance - Commissions and Expenses (EUR Billion), 2011-2016
Table 17: Life Insurance - Combined Ratio (%), 2007-2011
Table 18: Life Insurance - Combined Ratio (%), 2011-2016
Table 19: Life Insurance - Frauds and Crimes (EUR Billion), 2007-2011
Table 20: Life Insurance - Frauds and Crimes (EUR Billion), 2011-2016
Table 21: Life Insurance - Total Assets (EUR Billion), 2007-2011
Table 22: Life Insurance - Total Assets (EUR Billion), 2011-2016
Table 23: Life Insurance - Total Investment Income (EUR Billion), 2007-2011
Table 24: Life Insurance - Total Investment Income (EUR Billion), 2011-2016
Table 25: Life Insurance - Retentions (EUR Billion), 2007-2011
Table 26: Life Insurance - Retentions (EUR Billion), 2011-2016
Table 27: Individual Life Insurance - Policies Sold (Thousand), 2007-2011
Table 28: Individual Life Insurance - Policies Sold (Thousand), 2011-2016
Table 29: Individual Life Insurance - Written Premium (EUR Billion), 2007-2011
Table 30: Individual Life Insurance - Written Premium (EUR Billion), 2011-2016
Table 31: Individual General Annuity Insurance - Policies Sold (Thousand), 2007-2011
Table 32: Individual General Annuity Insurance - Policies Sold (Thousand), 2011-2016
Table 33: Individual General Annuity Insurance - Written Premium (EUR Billion), 2007-2011
Table 34: Individual General Annuity Insurance - Written Premium (EUR Billion), 2011-2016
Table 35: Individual Pension Insurance - Policies Sold (Thousand), 2007-2011
Table 36: Individual Pension Insurance - Policies Sold (Thousand), 2011-2016
Table 37: Individual Pension Insurance - Written Premium (EUR Billion), 2007-2011
Table 38: Individual Pension Insurance - Written Premium (EUR Billion), 2011-2016
Table 39: Individual Endowment Insurance - Policies Sold (Thousand), 2007-2011
Table 40: Individual Endowment Insurance - Policies Sold (Thousand), 2011-2016
Table 41: Individual Endowment Insurance - Written Premium (EUR Billion), 2007-2011
Table 42: Individual Endowment Insurance - Written Premium (EUR Billion), 2011-2016
Table 43: Individual Unit-Linked Insurance - Policies Sold (Thousand), 2007-2011
Table 44: Individual Unit-Linked Insurance - Policies Sold (Thousand), 2011-2016
Table 45: Individual Unit-Linked Insurance - Written Premium (EUR Billion), 2007-2011
Table 46: Individual Unit-Linked Insurance - Written Premium (EUR Billion), 2011-2016
Table 47: Individual Supplementary Insurance - Policies Sold (Thousand), 2007-2011
Table 48: Individual Supplementary Insurance - Policies Sold (Thousand), 2011-2016
Table 49: Individual Supplementary Insurance - Written Premium (EUR Billion), 2007-2011
Table 50: Individual Supplementary Insurance - Written Premium (EUR Billion), 2011-2016
Table 51: Group Life Insurance - Policies Sold (Thousand), 2007-2011
Table 52: Group Life Insurance - Policies Sold (Thousand), 2011-2016
Table 53: Group Life Insurance - Written Premium (EUR Billion), 2007-2011
Table 54: Group Life Insurance - Written Premium (EUR Billion), 2011-2016
Table 55: Individual Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Table 56: Individual Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Table 57: Individual Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Table 58: Individual Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Table 59: Individual Non-Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Table 60: Individual Non-Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Table 61: Individual Non-Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Table 62: Individual Non-Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Table 63: Group Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Table 64: Group Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Table 65: Group Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Table 66: Group Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Table 67: Group Non-Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Table 68: Group Non-Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Table 69: Group Non-Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Table 70: Group Non-Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Table 71: Life Insurance - Direct Marketing Commission Paid (EUR Billion), 2007-2011
Table 72: Life Insurance - Direct Marketing Commission Paid (EUR Billion), 2011-2016
Table 73: Life Insurance - Written Premium Through Direct Marketing (EUR Billion), 2007-2011
Table 74: Life Insurance - Written Premium Through Direct Marketing (EUR Billion), 2011-2016
Table 75: Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2007-2011
Table 76: Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2011-2016
Table 77: Life Insurance - Number of Direct Marketing Distributors, 2007-2011
Table 78: Life Insurance - Number of Direct Marketing Distributors, 2011-2016
Table 79: Life Insurance - Bancassurance Commission Paid (EUR Billion), 2007-2011
Table 80: Life Insurance - Bancassurance Commission Paid (EUR Billion), 2011-2016
Table 81: Life Insurance - Written Premium Through Bancassurance (EUR Billion), 2007-2011
Table 82: Life Insurance - Written Premium Through Bancassurance (EUR Billion), 2011-2016
Table 83: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2007-2011
Table 84: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2011-2016
Table 85: Life Insurance - Number of Bancassurance Distributors, 2007-2011
Table 86: Life Insurance - Number of Bancassurance Distributors, 2011-2016
Table 87: Life Insurance - Commission Paid to Agencies (EUR Billion), 2007-2011
Table 88: Life Insurance - Commission Paid to Agencies (EUR Billion), 2011-2016
Table 89: Life Insurance - Written Premium Through Agencies (EUR Billion), 2007-2011
Table 90: Life Insurance - Written Premium Through Agencies (EUR Billion), 2011-2016
Table 91: Life Insurance - Policies Sold Through Agencies (Thousand), 2007-2011
Table 92: Life Insurance - Policies Sold Through Agencies (Thousand), 2011-2016
Table 93: Life Insurance - Number of Agencies, 2007-2011
Table 94: Life Insurance - Number of Agencies, 2011-2016
Table 95: Life Insurance - Commission Paid to Other Channels (EUR Billion), 2007-2011
Table 96: Life Insurance - Commission Paid to Other Channels (EUR Billion), 2011-2016
Table 97: Life Insurance - Written Premium Through Other Channels (EUR Billion), 2007-2011
Table 98: Life Insurance - Written Premium Through Other Channels (EUR Billion), 2011-2016
Table 99: Life Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Table 100: Life Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Table 101: Life Insurance - Number of Distributors in Other Channels, 2007-2011
Table 102: Life Insurance - Number of Distributors in Other Channels, 2011-2016

LIST OF FIGURES

Figure 1: German Insurance Overall Written Premium by Segment (EUR Billion), 2007-2016
Figure 2: German Insurance Market Dynamics by Segment, 2007-2016
Figure 3: Life Insurance - Written Premium by Category (EUR Billion), 2007-2016
Figure 4: Life Insurance -Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance - Market Dynamics by Category, 2007-2016
Figure 6: Life Insurance - Incurred Loss (EUR Billion), 2007-2011
Figure 7: Life Insurance - Incurred Loss (EUR Billion), 2011-2016
Figure 8: Life Insurance - Loss Ratio (%), 2007-2011
Figure 9: Life Insurance - Loss Ratio (%), 2011-2016
Figure 10: Life Insurance - Commissions and Expenses (EUR Billion), 2007-2011
Figure 11: Life Insurance - Commissions and Expenses (EUR Billion), 2011-2016
Figure 12: Life Insurance - Combined Ratio (%), 2007-2011
Figure 13: Life Insurance - Combined Ratio (%), 2011-2016
Figure 14: Life Insurance - Frauds and Crimes (EUR Billion), 2007-2011
Figure 15: Life Insurance - Frauds and Crimes (EUR Billion), 2011-2016
Figure 16: Life Insurance - Total Assets (EUR Billion), 2007-2011
Figure 17: Life Insurance - Total Assets (EUR Billion), 2011-2016
Figure 18: Life Insurance - Total Investment Income (EUR Billion), 2007-2011
Figure 19: Life Insurance - Total Investment Income (EUR Billion), 2011-2016
Figure 20: Life Insurance - Retentions (EUR Billion), 2007-2011
Figure 21: Life Insurance - Retentions (EUR Billion), 2011-2016
Figure 22: Life Insurance - Investment by Type (EUR Billion), 2007-2011
Figure 23: Life Insurance - Investment by Type (% Share), 2007 and 2011
Figure 24: Life Insurance - Density and Penetration (%), 2007-2011
Figure 25: Life Insurance - Number of Policies Sold (Thousand), 2007-2011
Figure 26: Life Insurance - Number of Policies Sold (Thousand), 2011-2016
Figure 27: Life Insurance - Premium Per Capita (EUR), 2007-2011
Figure 28: Individual Life Insurance - Policies Sold (Thousand), 2007-2011
Figure 29: Individual Life Insurance - Policies Sold (Thousand), 2011-2016
Figure 30: Individual Life Insurance - Written Premium (EUR Billion), 2007-2011
Figure 31: Individual Life Insurance - Written Premium (EUR Billion), 2011-2016
Figure 32: Individual General Annuity Insurance - Policies Sold (Thousand), 2007-2011
Figure 33: Individual General Annuity Insurance - Policies Sold (Thousand), 2011-2016
Figure 34: Individual General Annuity Insurance - Written Premium (EUR Billion), 2007-2011
Figure 35: Individual General Annuity Insurance - Written Premium (EUR Billion), 2011-2016
Figure 36: Individual Pension Insurance - Policies Sold (Thousand), 2007-2011
Figure 37: Individual Pension Insurance - Policies Sold (Thousand), 2011-2016
Figure 38: Individual Pension Insurance - Written Premium (EUR Billion), 2007-2011
Figure 39: Individual Pension Insurance - Written Premium (EUR Billion), 2011-2016
Figure 40: Individual Endowment Insurance - Policies Sold (Thousand), 2007-2011
Figure 41: Individual Endowment Insurance - Policies Sold (Thousand), 2011-2016
Figure 42: Individual Endowment Insurance - Written Premium (EUR Billion), 2007-2011
Figure 43: Individual Endowment Insurance - Written Premium (EUR Billion), 2011-2016
Figure 44: Individual Unit-Linked Insurance - Policies Sold (Thousand), 2007-2011
Figure 45: Individual Unit-Linked Insurance - Policies Sold (Thousand), 2011-2016
Figure 46: Individual Unit-Linked Insurance - Written Premium (EUR Billion), 2007-2011
Figure 47: Individual Unit-Linked Insurance - Written Premium (EUR Billion), 2011-2016
Figure 48: Individual Supplementary Insurance - Policies Sold (Thousand), 2007-2011
Figure 49: Individual Supplementary Insurance - Policies Sold (Thousand), 2011-2016
Figure 50: Individual Supplementary Insurance - Written Premium (EUR Billion), 2007-2011
Figure 51: Individual Supplementary Insurance - Written Premium (EUR Billion), 2011-2016
Figure 52: Group Life Insurance - Policies Sold (Thousand), 2007-2011
Figure 53: Group Life Insurance - Policies Sold (Thousand), 2011-2016
Figure 54: Group Life Insurance - Written Premium (EUR Billion), 2007-2011
Figure 55: Group Life Insurance - Written Premium (EUR Billion), 2011-2016
Figure 56: Individual Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Figure 57: Individual Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Figure 58: Individual Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Figure 59: Individual Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Figure 60: Individual Non-Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Figure 61: Individual Non-Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Figure 62: Individual Non-Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Figure 63: Individual Non-Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Figure 64: Group Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Figure 65: Group Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Figure 66: Group Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Figure 67: Group Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Figure 68: Group Non-Single-Premium Policies - Policies Sold (Thousand), 2007-2011
Figure 69: Group Non-Single-Premium Policies - Policies Sold (Thousand), 2011-2016
Figure 70: Group Non-Single-Premium Policies - Written Premium (EUR Billion), 2007-2011
Figure 71: Group Non-Single-Premium Policies - Written Premium (EUR Billion), 2011-2016
Figure 72: Life Insurance New Business Written Premium Through Distribution Channels (% Share), 2011 and 2016
Figure 73: Life Insurance - Direct Marketing Commission Paid (EUR Billion), 2007-2011
Figure 74: Life Insurance - Direct Marketing Commission Paid (EUR Billion), 2011-2016
Figure 75: Life Insurance - Written Premium Through Direct Marketing (EUR Billion), 2007-2011
Figure 76: Life Insurance - Written Premium Through Direct Marketing (EUR Billion), 2011-2016
Figure 77: Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2007-2011
Figure 78: Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2011-2016
Figure 79: Life Insurance - Number of Direct Marketing Distributors, 2007-2011
Figure 80: Life Insurance - Number of Direct Marketing Distributors, 2011-2016
Figure 81: Life Insurance - Bancassurance Commission Paid (EUR Billion), 2007-2011
Figure 82: Life Insurance - Bancassurance Commission Paid (EUR Billion), 2011-2016
Figure 83: Life Insurance - Written Premium Through Bancassurance (EUR Billion), 2007-2011
Figure 84: Life Insurance - Written Premium Through Bancassurance (EUR Billion), 2011-2016
Figure 85: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2007-2011
Figure 86: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2011-2016
Figure 87: Life Insurance - Number of Bancassurance Distributors, 2007-2011
Figure 88: Life Insurance - Number of Bancassurance Distributors, 2011-2016
Figure 89: Life Insurance - Commission Paid to Agencies (EUR Billion), 2007-2011
Figure 90: Life Insurance - Commission Paid to Agencies (EUR Billion), 2011-2016
Figure 91: Life Insurance - Written Premium Through Agencies (EUR Billion), 2007-2011
Figure 92: Life Insurance - Written Premium Through Agencies (EUR Billion), 2011-2016
Figure 93: Life Insurance - Policies Sold Through Agencies (Thousand), 2007-2011
Figure 94: Life Insurance - Policies Sold Through Agencies (Thousand), 2011-2016
Figure 95: Life Insurance - Number of Agencies, 2007-2011
Figure 96: Life Insurance - Number of Agencies, 2011-2016
Figure 97: Life Insurance - Commission Paid to Other Channels (EUR Billion), 2007-2011
Figure 98: Life Insurance - Commission Paid to Other Channels (EUR Billion), 2011-2016
Figure 99: Life Insurance - Written Premium Through Other Channels (EUR Billion), 2007-2011
Figure 100: Life Insurance - Written Premium Through Other Channels (EUR Billion), 2011-2016
Figure 101: Life Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Figure 102: Life Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Figure 103: Life Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 104: Life Insurance - Number of Distributors in Other Channels, 2011-2016

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