Summary
Life Insurance in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The German life insurance market had total gross written premiums of $115.4 billion in 2022, representing a compound annual growth rate (CAGR) of 3.6% between 2017 and 2022.
- The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $77.9 billion, equivalent to 67.5% of the market's overall value.
- Future growth in the German life insurance market is likely to be supported by innovation and the integration of new technology into life insurance providers’ product offerings. Also, an increase in consumer confidence and disposable household income is likely to support the market. The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.8% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $153.3billion by the end of 2027.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Germany
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Germany
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Germany life insurance market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Germany life insurance market by value in 2022?
- What will be the size of the Germany life insurance market in 2027?
- What factors are affecting the strength of competition in the Germany life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Germany's life insurance market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. Allianz SE
8.2. Assicurazioni Generali SpA
8.3. R+V Versicherung AG
8.4. Zurich Insurance Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Germany life insurance market value: $ billion, 2017-22(e)
Table 2: Germany life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Germany life insurance market category segmentation: $ billion, 2017-2022
Table 4: Germany life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Germany life insurance market value forecast: $ billion, 2022-27
Table 6: Germany life insurance market share: % share, by value, 2022(e)
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Assicurazioni Generali SpA: key facts
Table 12: Assicurazioni Generali SpA: Annual Financial Ratios
Table 13: Assicurazioni Generali SpA: Key Employees
Table 14: Assicurazioni Generali SpA: Key Employees Continued
Table 15: R+V Versicherung AG: key facts
Table 16: R+V Versicherung AG: Key Employees
Table 17: Zurich Insurance Group Ltd: key facts
Table 18: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 19: Zurich Insurance Group Ltd: Key Employees
Table 20: Zurich Insurance Group Ltd: Key Employees Continued
Table 21: Germany size of population (million), 2018–22
Table 22: Germany gdp (constant 2005 prices, $ billion), 2018–22
Table 23: Germany gdp (current prices, $ billion), 2018–22
Table 24: Germany inflation, 2018–22
Table 25: Germany consumer price index (absolute), 2018–22
Table 26: Germany exchange rate, 2016–20
List of Figures
Figure 1: Germany life insurance market value: $ billion, 2017-22(e)
Figure 2: Germany life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Germany life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Germany life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Germany, 2022
Figure 6: Drivers of buyer power in the life insurance market in Germany, 2022
Figure 7: Drivers of supplier power in the life insurance market in Germany, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Germany, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Germany, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Germany, 2022
Figure 11: Germany life insurance market share: % share, by value, 2022(e)
