The claims expenses of the 50 companies with the highest sales fell in 2022 – by up to over 90 percent. For almost every second player, however, expenses increased, at the peak by more than three quarters. The loss ratios were between under twelve and almost 72 percent. (Image: Wichert) more …A liability insurer had … Read more
September 2, 2024 – The claims expenses of the 50 largest market participants in liability insurance fell by five percent in 2022. However, 21 of them recorded increases of up to over 90 percent (Huk24). Baloise saw the biggest decline at 77 percent. The loss ratios were between 11.9 (Baloise) and 72 percent (BGV-Versicherung). This … Read more
8/29/2024 – Allianz Direct recorded the largest drop in premiums in motor liability insurance over a six-year period, at over 51 percent. Premium income at Cosmos, Axa and HDI each shrank by a good eighth. According to the “Industry Monitor 2017-2022: Motor Vehicle Insurance” by VERS Leipzig, premium income fell for twelve other players in … Read more
8/26/2024 – Almost three dozen of the 50 largest providers of motor liability insurance expanded their portfolios between 2017 and 2022. Rhion, which only entered the car insurance business in 2017, grew the most. It was able to increase by over 1,200 percent. This is shown by the “Industry Monitor 2017-2022: Motor Vehicle Insurance” by … Read more
14.8.2024 – In addition to old-age pensions and survivors’ benefits, a professional pension fund can also provide cover in the event of occupational disability. However, the associated requirements are often very strict. For lawyers, for example, a benefit may require the return of a professional license. Specialist broker Thomas Stephan describes the problem. ADVERTISING As … Read more
6.8.2024 – Damage that occurs in connection with the practice of a profession can be very expensive and long-term for medical professionals. In special cases, there is a risk of license being withdrawn. Old contracts, on the other hand, often offer only inadequate protection. It is important to adapt the professional and non-professional risks over … Read more
August 5, 2024 – Allianz is convinced of the importance of local representatives and will continue to rely on a national presence in the future. One focus of the investments laid out in the “ABV Future Program” is on group sales. Several measures in the program, including dedicated and part-time sales representatives, were implemented as … Read more
5.8.2024 – In today’s world, companies cannot ignore the danger of cyber risks. Sustainable investments must be made in IT security. The focus should be on holistic solutions for prevention and response to damage. A key component of this is risk assessment. Insurance companies and insurance brokers also play an important role here, writes Gerrit … Read more
February 19, 2024 – Anyone who carelessly increases their transfer limit as part of a phishing attack and thereby enables online fraudsters to access their bank account is acting with gross negligence. He therefore has no right to have his financial institution credit his account with the money stolen by the fraudsters. The Frankfurt am … Read more
January 23, 2024 – At its peak, a deductible brings a cost advantage of 42 percent and a workshop commitment of 36 percent on the annual vehicle premium. This is shown by an evaluation by Verivox. Die Verivox GmbH examined the offerings of 70 motor vehicle insurance companies for savings opportunities for consumers. Around 400 … Read more