Germany

Introduction: 

The Federal Republic of Germany has been an EU member state since its inception in 1957 and its national currency is the Euro.

The German insurance market is among the largest in the world in terms of premium volume. The market is impacted by technology and digitalization as well as customer needs which keep changing while market requirements gain complexity.

Both life and non-life segments have kept a positive growth in the last years, however, the later marks a higher increase.

 

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