Versicherungen: Kfz-Versicherungsmarkt stabilisiert sich laut Hannover Rück
Die Profitabilität hat sich nach Einschätzung des Rückversicherers spürbar verbessert. Allerdings bleibe die Entwicklung aufgrund hoher Ersatzteil- und Reparaturkosten fragil.
Frankfurt - The German automobile insurance market is stabilizing, according to estimates from reinsurer Hannover Rück. Hannover Rück's subsidiary, E+S Rück, announced this at a yearly insurer gathering in Baden-Baden. The technical results are returning to a slightly positive level, and profitability is improving noticeably. However, the development remains fragile, as replacement part and repair costs continue to rise significantly faster than general inflation, driving the majority of the damage inflation in the auto market, stated E+S Rück.
The company responsible for the damage insurance business in Germany within the Hannover Rück group, E+S Rück, anticipates an increasingly challenging risk landscape. While moderate natural catastrophe losses in recent years may not distract from the fact that the risk landscape remains demanding and characterized by high uncertainty, Thorsten Steinmann, CEO of E+S Rück, emphasized.
The impact of artificial intelligence on liability, cyber, and operating risks has not yet been fully quantifiable. The exact influence of the growing use of artificial intelligence on insurance, cyber, and operational risks remains to be determined.
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