Market Report, "Germany Insurance Report Q3 2016", published

We have a moderately positive long-term outlook for Germany's insurance sector, with low single-digit growth rates expected across both major segments. The market's mature nature means that premium growth will largely track GDP growth over the next five years. Ordinarily, a market this mature would provide few opportunities for new entrants; however, Germany's market has a very large number of players and is highly competitive, indicating that there is scope for consolidation via merger and acquisition activity. .

Key Updates & Forecasts

We have revised down our forecast for growth in the life sector this year, to 0.6% for 2016, from 1.2% previously. However, the long-term outlook remains positive, with gross premium growth of 1.6% expected in 2017 and then a gradual acceleration to 2.2% in 2020, in the absence of major sector (or wider economic) shocks. An ageing population, innovation in product development and a large pool of capital all underpin prospects for growth largely in line with GDP growth, during the majority of our forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1197487_germany_insurance_report_q3.aspx?afid=301

Accounting for 54% of total premiums written over 2016, non-life insurance is expected to outperform life insurance in terms of growth potential over the next 5 years. From a low of 2.1% growth in gross written premiums in 2016, we expect a gradual acceleration in sector growth throughout the forecast period, to 3.5% in 2020. Reflecting continued gyrations in the USD/EUR rate, returns in dollars are likely to be much more volatile.

A number of factors will account for the forecast growth in Germany's mature insurance sector, including the country's changing demographics, ongoing innovation and product development by insurers, access to capital and reinsurance markets, as well as the understanding among the public of the importance of private provision for retirement incomes.

The Germany Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Germany Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the German insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for Germany to test other views - a key input for successful budgeting and strategic business planning in Germany's insurance market.

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