The costs of many life insurers have been criticized.
Frankfurt The economic situation of German life insurers is currently mixed: the increased interest rates mean they can invest their customers’ money again at better conditions. But the existing investments in the companies’ portfolios are losing value. At the same time, the costs of many products are being criticized, and competitive pressure from higher-interest daily and fixed-term deposits is growing.
In this mixed situation, consumers find it difficult to assess how their life insurer is doing financially and how it will overcome the current challenges.
Evidence of this is provided by the annual study by the Institute for Finance at Ludwigshafen University on the twelve largest life insurers active in new business in Germany, which appears on Friday in the “Magazine for Insurance” and is available to the Handelsblatt in advance.
The results are mixed: five insurers received a grade of “very good” to “good”, four received a “satisfactory” rating. Two providers are rated “sufficient”, one receives the rating “just about sufficient”.
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