APRIL 26, 2021 09:53 AM (EDT)
Best's Market Segment Report: AM Best Maintains Stable Outlook on German Non-Life Insurance Segment
Senior Financial Analyst
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Senior Director, Analytics & Head of Operations
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|Richard Banks |
Director, Industry Research – EMEA
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Director, Market Development & Communications
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FOR IMMEDIATE RELEASE
AMSTERDAM - APRIL 26, 2021 09:53 AM (EDT)
AM Best has maintained its stable market segment outlook on the German non-life insurance segment.
AM Best’s stable outlook is underpinned by German non-life insurers’ focus on pricing discipline, as carriers strive to maintain underwriting profitability in the face of subdued support from investment earnings. In addition, strong and stable solvency levels will support the outlook in 2021, underpinned by German non-life insurers’ conservative investment portfolios.
Meanwhile, COVID-19 insurance losses in Germany have mainly impacted commercial and industrial lines, which should underpin continued rate improvements for that business.
However, a new Best’s Market Segment Report, “Market Segment Outlook: Germany Non-Life Insurance”, notes that AM Best could revise its outlook on the segment to negative if a further deterioration in economic conditions leads to significant volatility in investment performance, or if technical profitability deteriorates.
To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=308035 .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.