Background: Group insurance is booming in new business for life insurers: at 28.4 percent, they had the second highest share of new business in all main insurance lines in 2022, as the current balance sheet rating of German life insurers from the MAP Report shows. With 1,252,913 policies, a total of 66,032 more contracts were sold than in the previous year (plus 5.6 percent). Reinhard Klages, author of the traditional MAP report series at Franke and Bornberg, also points out accordingly: “This type of insurance was the only one in which more policies were sold than in the previous year.”
Only the booming fund products, which the MAP report lists under “other life insurance” according to the insurers’ annual reports, have a higher share of new business at 34.7 percent.
Of course, despite the now enormous importance of collective insurance, a slight attrition in the portfolio could not be prevented. With 15,443,161 insurance policies, the industry had a total of 91,490 fewer policies in its portfolio in 2022 than in 2021. Nevertheless, the current premium booked across the industry increased: from 10.29 billion euros in 2021 to 10.51 billion euros in 2022. In However, this dominance of new business is not yet evident: group insurance policies will account for a total of 19.13 percent of all main insurance policies in 2022.
Versicherungsbote presents life insurers with the highest collective new business
This insurance messenger photo series presents the companies that, in absolute numbers, were able to sell the most contracts in group insurance in 2022. The numbers are taken from MAP Report 931: the current MAP report on life insurance. In addition, a new report with a PKV rating has been published, number 932 (Versicherungsbote reported). The current editions of the traditional rating can be purchased for a fee on the Franke and Bornberg website be ordered.
2023-12-11 05:26:07
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