The German Insurance Industry – Review and Perspectives

The German insurance industry - having 539 active insurance companies and investment portfolio of 1,509 Milliard Euro in year 2015 - is one of the most developed and competitive insurance market of the world. Beside insurance companies there are various parties contributing to this market such as independent auditors, software companies, societies and associations, regulatory institutions etc. The aim of this talk is to give an overview of different aspects of this market, especially clarify the role of actuaries in this industry. Therefore it contains a statistical summary of the insurance market, presents different legal forms of insurance companies, the most used software and technologies and the well-known societies.