Life Report

Product Insurance Market Reports Life Rev Germany

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Germany's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Germany's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Germany

The Germany life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Germany.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Germany and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Germany’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Germany is available.

Axco’s report describes the regulatory framework that applies to the German domestic life insurance sector, including whether non-admitted insurance is permitted in Germany; as well as the legislation necessary to know regarding Germany’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Germany with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including German market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Germany, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of German pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Germany report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Germany Life and Benefits Report Extract

Below are brief extracts of information from the Germany Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

At the time of writing the COVID-19 pandemic was impacting the majority of life insurance markets around the world, not limited to a major decline in the financial markets, increased mortality, and disability claims costs. The pandemic was expected to impact the business operations and profitability of insurers, capital position, and availability as well as conditions of acceptance of new business.

According to preliminary figures from the GDV (the insurance association) life insurance premium for 2019 increased to EUR 103bn ....


The pensions system in Germany is comprised of three pillars. The first pillar social security; second pillar occupational pensions; and third pillar private pension savings. The first pillar pension is universally provided. In recognition of the projected problems the German government commenced a gradual increase in the state pension age, which has begun to rise from 65 to 67 between 2012 and 2029. Given the rapidly increasing dependency ratio, even allowing for these changes, the pressures on financing the old age pension will continue to increase. There is an ongoing debate over whether a further increase ....


There is no national health service in Germany, in the sense of a health service with universal entitlement, funded through tax revenues. Every citizen is entitled, and indeed most are compelled, to belong to one of the statutory sickness institutions (krankenkassen) operating within a network. The self-employed were included in this system by the healthcare reform legislated in February 2007. Public healthcare is of a good standard, though greater choice and flexibility can be achieved through the private system ....

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