Daily news and analysis on insurance industry trends, regulations, and market insights
Cyberattacks on German businesses and government agencies are on the rise and investment in cyber protection needs to be stepped up, says German insurance association the GDV. It follows attacks on pa
The German commercial insurance market has moved “decisively” into a soft phase, with strong insurer competition and abundant capacity creating increasingly favourable conditions for large buyers, Tys
The German Federal Office of Civil Protection and Disaster Relief (BBK) is organising a large-scale training and crisis management exercise from 4 to 6 November to help mitigate rising drought risk fa
The board of the German risk and insurance managers’ association (GVNW) said the role of the risk manager is undergoing a “profound” transformation in Germany currently. Historically seen as insurance
German risk and insurance management association GVNW is concerned that smaller member firms may be at a disadvantage to their larger peers under the commission-based broker remuneration system preval
German companies are increasingly being targeted by cyberattacks that they suspect are linked to foreign intelligence services, a study by digital industry association Bitkom showed in late August. Th
Europe’s recent heatwaves may be fading from the headlines, but the risk environment they reveal is not. Consequently, says BELFOR’s Martin Schachtschneider, risk managers face a future in which yeste
The Rhine is currently carrying less water than since records began in Germany and the Netherlands, bringing a serious threat to shipping and supply chain headaches, alongside higher costs for core in
GVNW president Patrick Fiedler reported a mixed industrial insurance market for members at the association’s Symposium, as lines split in different directions and insurers increasingly distinguish bet
Willis expects the German commercial and industrial insurance market to remain soft for the rest of the year but become “increasingly selective” as we head into 1 January renewals. “Several factors sh
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