The German Actuarial Association proposes a concerted solution for insurability of natural hazards

The German Actuarial Association proposes a concerted solution for insurability of natural hazards

October 11, 2023 – The German Actuarial Association proposes a concerted solution consisting of prevention, private insurance and accumulation loss coverage in the event of a disaster in order to achieve sufficient long-term insurability of natural hazards. One aspect could be the elimination of insurance tax. He intervened in the debate about the introduction of … Read more

Changes in Digital Visibility: Allianz Loses Top Position in Three Categories

Changes in Digital Visibility: Allianz Loses Top Position in Three Categories

8/7/2023 – Allianz lost its top position in three categories of digital visibility this year and won in one. This is a result of the E-Visibility study by Research Tools. Overall, the visibility of the top ten most present companies decreased slightly. 156 providers in the insurance industry are active and visible on the Internet. … Read more

Concerns About Digital Attacks and ESG Risks Driving Executive Priorities, Says Beazley Study

Concerns About Digital Attacks and ESG Risks Driving Executive Priorities, Says Beazley Study

8/4/2023 – According to a study by Beazley, concerns about digital attacks top the list of concerns for 30 percent of executives. 33 percent therefore want to invest in their safety. At the same time, sustainability is a factor for a quarter. 32 percent of managers do not feel well prepared for ESG requirements. How … Read more

Motorcycle Theft Statistics 2022: Berlin Tops the List, Freiburg im Breisgau with the Highest Rate

Motorcycle Theft Statistics 2022: Berlin Tops the List, Freiburg im Breisgau with the Highest Rate

August 1st, 2023 – In absolute figures, the most motorcycle thefts were again registered in Berlin in 2022. In the 84 major German cities, the rate of change was between plus 1,500 and minus 60 percent. This is evident from the current police crime statistics. In relation to the inhabitants, Freiburg im Breisgau occupies the … Read more

The auto insurance companies that acquired the highest number of customers

The auto insurance companies that acquired the highest number of customers

3/27/2023 – Over three dozen of the 50 largest providers in motor insurance expanded their portfolios between 2016 and 2021. Huk-Coburg-Allgemeine grew the strongest in absolute terms. Measured in percentage terms – due to the merger – the provincial was ahead by a nose, as the “Industry Monitor 2016-2021: Motor Insurance” from VERS Leipzig shows. … Read more

Former Generali board member joins Provincial’s team of recruits

Former Generali board member joins Provincial’s team of recruits

20.3.2023 dr Rainer Sommer (50) will become a member of the board of directors on June 1st Provincial Holding AG as well as the subsidiaries Provincial Insurance Ltd, Provincial North Brandkasse AG, Provincial Northwest Life Insurance AG and provincial Rhineland Life Insurance Ltd. The company announced this on Friday evening. Technological further development at the … Read more

Court ruling forces intermediaries to prepare for contingencies

Court ruling forces intermediaries to prepare for contingencies

February 8, 2023 – According to a decision by the European Court of Justice, insurance agents and brokers have to comply with customers’ right to information in more detail than before. Upon request, they must specify which cooperation partners have received the data and explain the processes in a transparent manner. Just naming a category … Read more

Six insurers in the test brochure – VersicherungsJournal Austria

Six insurers in the test brochure – VersicherungsJournal Austria

12/16/2022 – Telemark Marketing has once again tested what experiences potential customers have when they contact major insurers for the first time. Wait times on the phone vary from company to company, with five minutes not enough time to establish contact in seven percent of cases. Clarification of a content-related question was answered positively in … Read more

Mega trends are also mega challenges for insurers

Mega trends are also mega challenges for insurers

24/11/2022 – In the short term, inflation will have the greatest impact on insurance companies, premiums and claims benefits will increase, consultants must prevent a wave of write-offs. Greater damage can also be expected from climate change, but the current situation of impending recession is slowing the trend towards sustainable action. In the long run, … Read more

Practical inventory: This avoids the risk of underinsurance

Practical inventory: This avoids the risk of underinsurance

August 8th, 2022 – The costs for starting a new dental practice can amount to up to 600,000 euros, depending on the focus. The mediation of a practice inventory insurance is correspondingly demanding. Consultation topics here are, for example, the aspects of underinsurance and determination of the sum insured. The insurance expert Nicole Gerwert describes … Read more