German Life Insurance Sector Negative Outlook Affirmed; Non-Life Outlook to Stable Report Says Mar 04
Standard & Poors, March 2004
Abstract
FRANKFURT (Standard & Poor's) March 10, 2004--Prospects for the two sectors of Germany's insurance market are diverging, Standard & Poor's said in a report published today. Continued pressure on the Germany's life insurers has led Standard & Poor's to affirm the existing negative outlook on the life sector. Meanwhile, the outlook on the German non-life insurance sector has been revised to stable from negative, bolstered by improved underwriting results and cyclical stability foreseen for the sector near term. "The business model of the German life insurance industry is being severely tested," said Standard & Poor's credit analyst Karin Clemens. Low interest rates remain insurers' main dilemma, but the growing costs of increased longevity, and upcoming changes in regulation and taxation...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Germany (Federal Republic of) (Unsolicited Ratings)
- Allianz SE
- Munich Reinsurance Co.
- Allianz Versicherungs AG
- Gerling-Konzern Allgemeine Versicherungs-AG
- AXA Versicherung AG
- Gothaer Allgemeine Versicherung AG
- R+V Allgemeine Versicherung AG
- ERGO Versicherung AG
- Wuerttembergische Versicherung AG
- LVM Landwirtschaftlicher Versicherungsverein Muenster a.G. (Unsolicited Ratings)
- Nuernberger Lebensversicherung AG
- HUK-COBURG Haftpflicht-Unterstuetzungs-Kasse kraftfahrender Beamter Deutschlands a.G. in Coburg (Unsolicited Ratings)
- Volksfuersorge Deutsche Lebensversicherung AG
- Zurich Deutscher Herold Lebensversicherung AG
- Zurich Lebensversicherungs-Gesellschaft (Zurich)
- R+V Lebensversicherung AG
- Allianz Lebensversicherungs Aktiengesellschaft
- AachenMuenchener Lebensversicherung AG
- ERGO Lebensversicherung AG
- Victoria Lebensversicherung AG
- Alte Leipziger Lebensversicherung a.G.
- HDI-Lebensversicherung AG
- Gothaer Lebensversicherung AG
- AXA Lebensversicherung AG
- PROVINZIAL Rheinland Lebensversicherung AG (Unsolicited Ratings)
- SV Sparkassen Versicherung Oeffentliche Lebensversicherungsanstalt Hessen-Nassau-Thueringen
- DBV Deutsche Beamtenversicherung Lebensversicherung AG
- Zurich Versicherung AG
- ERGO Versicherungsgruppe AG
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