Tag: Property insurance & liability insurance
Approaching an often unapproachable industry
Munich Bastian Kunkel should already pick up many readers in the first few lines in their attitude to the subject of insurance. Nobody wakes up in the morning and says:…
“Every business model has to be self-sustaining”
Munich It was the biggest change in the history of insurance giant Allianz in Germany. About a year ago, the Dax group announced the end of its German national company.…
Subsidiary AGCS warns of damage caused by business interruptions
After the flood in the Ahr valley Natural disasters can currently cause significant financial problems for companies. (Photo: dpa) Frankfurt A major fire broke out in Hamburg-Bahrenfeld a few days…
Subsidiary AGCS warns of damage caused by business interruptions
After the flood in the Ahr valley Natural disasters can currently cause significant financial problems for companies. (Photo: dpa) Frankfurt A major fire broke out in Hamburg-Bahrenfeld a few days…
Gas supply is the biggest challenge for the economy
gas A gas embargo would hit the German economy hard. (Photo: IMAGO/Jochen Eckel) Frankfurt The chief economists of leading insurers see a turning point for Germany’s economic model in the…
Cyber insurance becomes a risk
Frankfurt, Munich They have never been as valuable as they are today: cyber insurance. As a result of the Ukraine war, the risk of state-orchestrated hacker attacks has once again…
The best rates for singles and families
Cologne The desire to vacation is great after two years of the corona pandemic. According to the Tourism Analysis 2022 by the Foundation for Future Questions, 61 percent of Germans…
Storm disasters: government advisors call for compulsory insurance
Flood disaster in the Ahr Valley The 2021 flood disaster in North Rhine-Westphalia and Rhineland-Palatinate caused billions in damage. Government advisers call for compulsory insurance for building owners. (Photo: dpa)…
Recent winter storms cost insurers 1.6 billion euros
Much damage from fallen trees Above all, the north and center of Germany were affected by damage. (Photo: DPA) Munich The series of three severe storms in the past few…
3.7 billion euros for settlements with US investors
alliance The provisions have burdened the net profit of 2.8 billion euros for the past year. (Photo: dpa) Munich The losses of US investors with hedge funds from its subsidiary…
Storm low Ylenia sweeps over Germany – how cars and houses are properly secured
Storm depression Ylenia A fallen tree forces drivers to stop. (Photo: dpa) Frankfurt, Munich Storm depression “Ylenia” has swept across Germany with hurricane gusts. For Friday afternoon to Saturday morning,…
High inflation becomes a problem
Frankfurt, Munich Persistently high inflation is becoming a massive cost driver for insurers and their customers. It is now becoming apparent that the significantly increased raw material and procurement prices…
Christian Mumenthaler: Lessons from the storm
Storm “Nadia” paralyzed large parts of northern Germany at the end of January. There was a storm surge, trees fell, a pedestrian died. The Swiss Re Institute expects insured losses…
German insurers want to grow faster again in 2022
Bad Neuenahr Even six months after the flood disaster on the Ahr, much of the damage has not yet been repaired. (Photo: imago images/Bonnfilm) Munich German insurers are looking to…
Allianz sells life insurance portfolio in France
Allianz lettering Associated with the transaction are technical provisions of around 2.1 billion euros. (Photo: Reuters) Munich Allianz is selling another old portfolio of life insurance policies. More than 20,000…
Insurers pay record sums for natural damage
Ahr Valley For the reconstruction in the Ahr valley, the technical relief organization had built a makeshift bridge. (Photo: imago images / Marc John) Munich The year 2021 will go…
Allianz Direct: The restart of a prestige project
Graffiti by Usain Bolt in the Allianz Direct office in Munich. The group has made the sprint star its advertising face. (Photo: Allianz Direct) Munich Two years after its launch…
Liability risks for managers are increasing
Frankfurt The industrial insurer Allianz Global Corporate & Specialty (AGCS) sees a number of risks for executive and supervisory boards in the coming year. These included high inflation, a rising…
The best cybercrime insurance in the 2021 ranking
Cyber crime Nine percent of companies in Germany fear bankruptcy as a result of a cyber attack. (Photo: Getty Images) Dusseldorf Cybercrime is a lucrative business. The financial outlay for…
Cyber security: Risk of hackers – Cyber policies are becoming more and more expensive
Frankfurt, Paris The digital attack was aimed at one of the leading German retail groups: hackers broke into the IT systems of Media Markt and Saturn, the largest chain of…