Germany’s BaFin targets 30 to 40 insurers with high alternative asset exposure
Germany’s Federal Financial Supervisory Authority (BaFin) is scrutinizing 30 to 40 insurance companies with significant alternative asset holdings
🇩🇪 Germany Insurance News
Allianz, BlackRock, T&D lead €3.5bn acquisition of Viridium, life insurance consolidator
A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn
PERILS released 3rd insurance industry loss estimate for the Central Europe and Italy floods
PERILS, a Zurich-based organization providing catastrophe insurance data, released its third industry loss estimate for the Central Europe and Italy floods
EU Insurance markets could benefit from public-private reinsurance for climate risks
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
30% of the natural catastrophe budgets set by Europe’s reinsurers for 2025 may be eroded
Fitch Ratings estimates that 30% of the aggregate natural catastrophe budgets set by Europe’s big four reinsurers for 2025 may be eroded
DARAG acquires run-off portfolio from wefox Insurance
DARAG Group, a prominent legacy acquirer, has agreed to purchase a run-off portfolio from wefox Insurance AG. The portfolio includes motor damage, third-party liability
Farm Bureau Insurance partnered with insurtech Akur8 to enhance pricing process
Farm Bureau Insurance Company of Idaho, the largest property-casualty insurer based in the state, has partnered with Akur8 to enhance its pricing process
Flood events accounted for $18.2 bn in international Q4 catastrophe losses
Flood events accounted for $18.2 bn in international fourth-quarter catastrophe losses, led by October floods in Valencia, Spain
Perils revised its estimated insured losses for floods in Central Europe & Italy
PERILS has disclosed its second industry loss estimate for the floods in Central Europe and Italy to €2.08 bn
Munich Re is aiming for an IFRS net profit of €6bn in 2025
Munich Re is aiming for an IFRS net profit of €6bn in 2025. Group insurance revenue is expected to reach €64bn in 2025, and return on investment
Allianz acquires 24% of MicroStrategy’s $600 mn notes
Allianz, Germany’s largest insurer, has purchased 24.75% of MicroStrategy’s $600 mn convertible note offering. The deal was finalized in March 2024
PERILS released final insurance loss estimate for Windstorm Ciarán (Emir) of €2.07 bn
PERILS, a provider of catastrophe insurance data, has released its final industry loss estimate for Windstorm Ciarán (Emir). This storm affected France, the UK, Belgium, and the Netherlands
Perils estimated insurance losses from Storm Boris in Central and Eastern Europe at €1.9 bn
Insurers in Central and Eastern Europe and Italy are facing estimated losses of €1.89 bn from Storm Boris, which brought devastating floods to the regions
Munich Re faced €500 mn losses from Hurricane Helene
Munich Re faced losses of about €500 mn ($540.8 mn) from Hurricane Helene, impacting third-quarter profits due to above-average natural catastrophe expenses
Swiss Re sells iptiQ’s European P&C business to Allianz
Swiss Re will sell iptiQ’s European Property & Casualty (P&C) business to Allianz Direct, aligning with its strategic exit from iptiQ. This transaction, which covers iptiQ EMEA P&C S.A
Munich Re Specialty expands into Spanish insurance market with 2025 launch
Munich Re Specialty has initiated steps to enter the Spanish commercial market for primary specialty insurance, aiming to start underwriting in 2025
Storm Boris flooding leads to €2-3 bn in insured losses across Europe
Insurers faced losses of €2 bn to €3 bn from flooding after Storm Boris hit Austria, Poland, and the Czech Republic last month, according to estimates from Verisk
Storm Boris caused €1.5-3 bn in insured losses in Central Europe
Storm Boris’s torrential rains and flooding likely caused more than €1.5 bn in insured losses in Central Europe, according to an Aon
Hannover Re anticipates reinsurance prices & conditions to remain on a stable level
Hannover Re anticipates prices and conditions to remain on a sustained stable level for the treaty renewals in property and casualty reinsurance as at 1 January 2025
Insurers estimate losses from Greece wildfires and European storms
Aon reports that wildfires in Greece and severe convective storms across Europe could result in hundreds of millions of dollars in losses. Beginning August 12, storms in Switzerland and Austria brought heavy rain
ERGO generated a result of €535 mn in H1 2024
Munich Re generated a result of €284m (250m) in its ERGO field of business in Q2 and €535m (470m) in H1. Insurance revenue from insurance contracts issued in Q2 rose
Munich Re achieves profit of €3.8 bn in H1 2024
Munich Re generated a net result of €1,623 mn in the second quarter of 2024 and €3,763 mn in H1 2024. Insurance revenue from insurance contracts issued rose
Allianz robusted operating profit of €3.9 bn for Q2 2024
Allianz has reported a robust operating profit of €3.9 bn for Q2 2024, a slight increase from €3.8 bn in Q2 2023. All segments of the company contributed to this result
Global insured losses from natural catastrophes to reach $60 bn in H1 2024
Frequent small to medium events caused global insured losses from natural catastrophes to reach $60 bn in the first half of 2024, according to Swiss Re
Climate & Digitalisation are challenging traditional insurance products
Developments such as climate change and digitalisation are changing risk pools and can challenge the viability of traditional insurance products
Anders Malmström will succeed John Dacey as Swiss Re’s Group CFO
Swiss Re announced today that Anders Malmström will succeed John Dacey as Group Chief Financial Officer as of 1 April 2025
Natural disasters in 1H 2024: $117 bn economic & $58 bn insured losses
Aon estimated of more than $117 bn in economic losses from global natural disasters during the 1H 2024, lower than the 21st-century 1H average
Insurtech Feather sequred €6 mn in funding led by Keen Venture
Insurtech Feather, a startup offering digital insurance solutions for expats in Europe, has secured €6 mn in funding. Keen Venture Partners led the round
Flooding in Bavaria and Baden-Württemberg will cost insurers €2 bn
The German Insurance Association (GDV) forecasts that recent flooding in Bavaria and Baden-Württemberg will cost insurers about €2 bn
Severe storms & flooding impacted for insured losses in Central Europe
Severe storms and flooding have impacted Central Europe, leading to economic and insured losses in the hundreds of millions of euros
Insured Losses in Germany from floods will range from €2 bn to €3 bn
Moody’s RMS estimates that insured losses in Germany from the Central Europe Floods will likely range from €2 bn to €3 bn
Munich Re announced a preliminary net profit of €2.1 bn for Q1 2024
Global reinsurer Munich Re has announced a preliminary net profit of €2.1 billion for Q1 of 2024, as the firm highlights a better than expected operational performance
PERILS estimated EUR 691 mn insured loss for Babet-Aline Floods & Storms
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its third industry loss estimate
Insurtech Element secured €50 mn from Versorgungswerk der Zahnärztekammer
German insurtech startup Element has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi
20% of sports accidents happens to skiers – German Insurers’ Association data
One in five sports accidents happens to skiers, a study performed by the German Insurers’ Association (GDV) shows
Insured losses from the flooding in Germany will remain €1 bn if flood dykes hold
The insured losses from the recent flooding in various regions of Germany are expected to remain under €1 bn if the flood dykes hold, as per Onnen Siems
Fitch Ratings’ German life insurance sector outlook is neutral
The neutral outlook for the German life insurance sector reflects Fitch Ratings’ expectation of a mixed operating environment, with improving investment yields
Moody’s estimates insured losses from Windstorm Ciarán $1–$1.6 bn
Moody’s RMS, the risk modeling and solutions company, estimates that insured losses from Windstorm Ciarán, also known as Emir, will likely fall between $1 bn and $1.6 bn
Insurtech Wefox raised $55 mn addition funding from Deutsche Bank and UniCredit
Insurtech Wefox has secured a substantial boost with $55 mn in fresh funding from Deutsche Bank and UniCredit as an extension of the $400 mn
European insurance industry faced a year of changes and challenges
The European insurance industry faced a year of changes and challenges, with the top ten insurance companies remaining consistent while a noticeable reshuffling
Deutsche Bank launches digital asset custody & tokenization with Taurus
Deutsche Bank is set to establish digital asset custody and tokenization services via a new partnership with Switzerland-based Taurus, a Swiss startup
Allianz Net-Zero Transition Plan 2030 targets to decarbonize insurance
Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment
Verisk indicates that 45% of risks insured for flooding loss
Verisk, a data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy
German insurers’ non-life underwriting profitability will weaken
German public-sector insurers’ non-life underwriting profitability will likely weaken in 2023, driven by higher reinsurance prices and claims inflation
Trends at Europe’s largest insurers illustrate an upward movement in insurance pricing
Trends at Europe’s largest insurance companies illustrate an upward movement in commercial insurance pricing which is set to continue, albeit at a slower pace
Insurtech Wefox begun shrinking workforce of around 1,400 employees
According to a report by Süddeutsche Zeitung, Berlin-based digital insurtech wefox has begun shrinking its workforce of around 1,400 employees
- « Previous
- 1
- 2
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y