Gesamtverband der Deutschen Versicherungswirtschaft e.v. Statistical Yearbook of German Insurance

Gesamtverband der Deutschen Versicherungswirtschaft e.V. German Insurance Association Wilhelmstr. 43/43 G D-10117 Berlin Tel. +49 (0) 30 - 20 20 51 31...
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Gesamtverband der Deutschen Versicherungswirtschaft e.V. German Insurance Association Wilhelmstr. 43/43 G D-10117 Berlin Tel. +49 (0) 30 - 20 20 51 31 Fax +49 (0) 30 - 20 20 66 16 [email protected] www.gdv.de

Statistical Yearbook of German Insurance

2012

Gesamtverband der Deutschen Versicherungswirtschaft e.V.

Statistical Yearbook of German Insurance 2012

Gesamtverband der Deutschen Versicherungswirtschaft e.V.

Statistical Yearbook of German Insurance 2012

Published by: Gesamtverband der Deutschen Versicherungswirtschaft e.V. (GDV) German Insurance Association Wilhelmstraße 43/43 G D-10117 Berlin Tel. +49 (0) 30/20 20 51 31 Fax +49 (0) 30/20 20 66 16 [email protected] The German Insurance Association (GDV) is listed in the Joint Transparency Register of the European Commission and the European Parliament for interest representatives. The GDV identification number is 6437280268-55. Editors: Michael Wolgast, Anja Theis Assistant editors: Thijs Benschop, Franziska Grun, Franziska Totzke Distributed by: Verlag Versicherungswirtschaft GmbH, Klosestr. 22, D-76137 Karlsruhe, Tel. +49 (0) 7 21/35 09-0 Picture: J. Röse-Oberreich, adpic www.gdv.de ISSN 0936-1960

Preface Private households and companies are day in and day out exposed to numerous risks. In modern societies the ­private insurance industry is indispensable for dealing with these risks. Demographic changes, the challenges of ­climate change, but also the ever tighter public budgets will further increase the importance of private insurance in the next few decades. At the same time, private insurers are among the most important institutional investors in economic terms. By publishing the Statistical Yearbook of German Insurance 2012 we again want to provide a selection of important data on the development of the German insurance industry and its economic and social environment. We hope that the Statistical Yearbook will continue to be a useful and reliable data source for all those who are interested in the German insurance industry and can contribute to a better understanding of the insurance industry.

Berlin, July 2012

Rolf-Peter Hoenen

Dr. Frank von Fürstenwerth

Insurance industry overall

1–24

Life insurance

25–43

Health insurance

44 –52

Property & casualty insurance

53–79

Reinsurance

80–83

Overall economic data

84–110

Social statistical data

111–117

International reference figures

118–131

List of Tables Insurance industry overall Key figures of private insurance Insurance companies by class of insurance business Insurance companies by legal form Insurance companies and premium income by federal state Insurance premium income by class of business Insurance premium income by legal form Insurance portfolios Employment in the insurance industry by federal state Employees in the insurance industry Employees in insurance companies by field of activity Insurance intermediaries and advisers Share of distribution channels in new business in the insurance industry Development of the investments of the insurance industry Investment portfolio of the insurance industry Investment portfolio of primary insurers Selected alternative investments of primary insurers Insurance business written by German primary insurers in EEA countries – by country – by class of insurance Foreign-controlled German primary insurers Insurance business written by European primary insurers in Germany Insurance density and penetration of insurance Market concentration in the insurance industry Insurance industry in comparison to other industries Insurance premium tax and fire brigade tax

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

17 18 19 20 21 22 23 24

Life insurance Life insurance companies by legal form Business development  – life insurance, Pensionskassen and pension funds – in life insurance – of Pensionskassen – of pension funds Premium income in life insurance Life insurance premiums incl. Pensionskassen and pension funds – regular and single premiums – by type of business

25 26 27 28 29 30 31 32

Life insurance premiums – regular and single premiums – by type of business New business in life insurance by type of business Riester pensions – business in force and new business Basisrenten – business in force and new business Occupational pensions: direct insurance and reinsurance business in force Supplementary insurance business in force in life insurance Benefits in life insurance Cash benefits paid in life insurance Investment portfolio of life insurance companies Long-term business development of Pensionskassen

33 34 35 36 37 38 39 40 41 42 43

Health insurance Health insurance companies by legal form Business development in health insurance Premium income in health insurance by type of insurance Business in force in health insurance Insurance benefits in health insurance Insurance benefits paid in health insurance – by type of insurance – by type of benefit Compulsory long-term care insurance Investment portfolio of health insurance companies

44 45 46 47 48 49 50 51 52

Property & casualty insurance Property & casualty insurance companies by legal form Premium income and claims expenditure in property & casualty insurance Premium income in property & casualty insurance by class Claims expenditure in property & casualty insurance by class Number of contracts and claims in property & casualty insurance  Number of contracts in property & casualty insurance by class Number of claims in property & casualty insurance by class Premium income and claims expenditure – in property insurance – in private property insurance – in comprehensive insurance on buildings – in comprehensive insurance on contents – in non-private property insurance – in industrial / commercial / agricultural property insurance – in engineering insurance – in marine and aviation insurance

53 54 55 56 57 58 59 60 61 62 63 64 65 66 67

– in credit, surety and fidelity insurance – in general liability insurance – in motor insurance – in motor vehicle third party liability insurance – in motor vehicle full own damage insurance – in motor vehicle partial own damage insurance – in motor accident insurance – in private accident insurance – in legal expenses insurance – in roadside assistance Technical results in property & casualty insurance by class Investment portfolio of property & casualty insurance companies

68 69 70 71 72 73 74 75 76 77 78 79

Reinsurance Premium income and claims expenditure of reinsurance companies Premium income of reinsurance companies by class Claims ratios and technical results of reinsurance companies by class Investment portfolio of reinsurance companies

80 81 82 83

Overall Economic Data Development of the population 1950–2060 Development of mortality Development of households 1950–2030 Volume and structure of employment Gross domestic product and its components – at current prices Gross domestic product and its components – price-adjusted Gross fixed assets – price-adjusted Net fixed assets – at replacement prices Building activity and stock of residential buildings and dwellings Business start-ups and insolvencies Health care sector Development of the number of vehicles on the road Road accidents Transportation of goods Incidence of durable goods in private households Wages and salaries Disposable income, consumption and savings Cost of living index of all private households Development of selected price indexes Expenditure on motor vehicles Financial assets of private households by type of investment – as per end of year

84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104

Acquisition of financial assets by private households by type of investment – over the year – long term Financial assets and acquisition of financial assets in the form of life insurance Incidence of occupational pension schemes Incidence of occupational pension schemes by pension vehicle Interest rates, bond yields and share prices

105 106 107 108 109 110

Social statistical data Social welfare budget by function, type and source of finance Statutory pension insurance Statutory health insurance Social long-term care insurance Statutory accident insurance Statutory unemployment insurance Tax-financed basic social security systems

111 112 113 114 115 116 117

International reference figures Premium income of primary insurers – in selected industrialised countries – in selected emerging markets Penetration of insurance and insurance density – in selected industrialised countries – in selected emerging markets Premium income of important reinsurance locations Pension funds in international comparison Population in selected industrialised countries Employment in selected industrialised countries Gross domestic product and prices in selected industrialised countries Public finances in selected industrialised countries Population and economy in the EU accession countries Gross domestic product and population in selected emerging markets Interest rates, bond yields and share prices in Europe and the USA Exchange rates

118 119 120 121 122 123 124 125 126 127 128 129 130 131

Abbreviations AGV Arbeitgeberverband der Versicherungsunternehmen (Employers’ Association of Insurance Companies) Arbeitslosengeld (unemployment benefits) ALG a.o. and others BA Bundesagentur für Arbeit (Federal Employment Agency) BaFin Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority), until 2002 Bundesaufsichtsamt für das Versicherungswesen (BAV) (Federal Supervisory Office for Insurance Companies) BI business interruption insurance BMAS B  undesministerium für Arbeit und Soziales (Federal Ministry of Labour and Social Affairs) BMF B  undesministerium der Finanzen (Federal Ministry of Finance) BMG B  undesministerium für Gesundheit (Federal Ministry of Health) bn billion DAX Deutscher Aktienindex (German Stock Index) DIHK Deutscher Industrie- und Handelskammertag (Association of German Chambers of Industry and Commerce) DIW Deutsches Institut für Wirtschaftsforschung (German Institute for Economic Research) DM Deutsche Mark DRV Deutsche Rentenversicherung (German Federal Pension Insurance Agency) ECB European Central Bank EEA European Economic Area EI engineering insurance EStG Einkommensteuergesetz (Income Tax Act) European Union EU Euro EUR

EUROSTAT Statistical Office of the European Communities FRG Federal Republic of Germany gross domestic product GDP GDV Gesamtverband der Deutschen Versicherungs­ wirtschaft e.V. (German Insurance Association) GewO Gewerbeordnung (Trade, Commerce and Industry Regulation Act) i.e. id est (that is) International Labour Organization ILO International Monetary Fund IMF including incl. ins. insurance Japanese Jap. m million motor accident MA OECD Organisation for Economic Co-operation and Development p.a. per annum paragraph para. PKV Verband der privaten Krankenversicherung e.V. (Association of German Private Healthcare Insurers) Rep. Republic Sozialgesetzbuch (Social Security Code) SGB sq km square kilometre StBA Statistisches Bundesamt (Federal Statistical Office) t ton TPL third party liability USA United States of America VAG Versicherungsaufsichtsgesetz (Insurance Supervisory Act) – ° x

value equal to zero value not available value not meaningful

1

Key figures of private insurance 1980

1990

2000

2008

2009

2010

20111

insurance companies2 (numbers) total

809

729

659

607

596

582

580

108

109

119

99

96

95

94

51

55

55

51

51

48

48

344

322

254

222

217

211

215

33

28

41

41

38

36

34

of which: life insurers health insurers property & casualty insurers reinsurers

premium income (in EUR m) primary insurance3

36,000

69,888 131,335 164,532 171,417 178,844 178,098

life insurance4

13,215

27,403

61,225

79,585

85,248

90,355

86,798

4,830

9,546

20,712

30,331

31,468

33,270

34,685

health insurance property and casualty insurance5, 6 reinsurance7

17,955

32,939

49,398

54,616

54,701

55,219

56,615

7,141

13,713

28,843

31,393

34,674

36,191

°

share in premium income of primary insurance (as %) life insurance4

36.7

39.2

46.6

48.4

49.7

50.5

48.7

health insurance

13.4

13.7

15.8

18.4

18.4

18.6

19.5

property and casualty insurance5, 6

49.9

47.1

37.6

33.2

31.9

30.9

31.8

insurance benefits (in EUR m) primary insurance

34,101

71,253 152,571 146,309 181,734 189,254

life insurance8, 9

15,157

34,909

88,080

70,779 104,646 107,361

4,592

9,504

24,087

33,648

35,191

38,612

°

14,352

26,840

40,404

41,882

41,897

43,281

43,785

449.9

454.7

457.4

health insurance10 property & casualty insurance5, 11

° 92,239

insurance portfolio (numbers in m) primary insurance12

247.6

305.4

397.5

446.5

investment portfolio (in EUR bn) primary insurers and reinsurers8

126.23

321.70

802.66 1,194.11 1,213.20 1,256.37 1,285.48

employment (numbers in 1,000) insurance industry

°

°

°

531.9

555.5

561.6

558.2

employees13

°

254.7

299.7

285.3

300.0

298.2

300.4

self-employed insurance intermediaries / advisers14

°

°

°

246.6

255.5

263.5

257.8

  1 partly provisional figures   2 life insurers, health insurers, property & casualty insurers, reinsurers, Pensionskassen and funeral expenses funds under German federal supervision carrying on actual business   3 written gross premiums   4 from 2008 incl. Pensionskassen and pension funds covered by the GDV statistics   5 German direct business; without nuclear insurance and pecuniary damage liability insurance; until 2002 without fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance   6 without insurance premium tax; insurance classes covering fire incl. fire brigade tax   7 earned premiums of reinsurers incl. additional charges, net of retrocession   8 without Pensionskassen and pension funds   9 cash benefits paid to policyholders and increase in liabilities towards policyholders 10 total expenditures on benefits paid, premium refunds and allocations to ageing reserve 11 gross claims incurred for the accounting year 12 health insurance: until 1990 number of insured under each policy section, from 2000 number of risks; motor insurance: number of risks 13 employees subject to social security contributions in primary insurance and reinsurance companies and insurance intermediation firms as at 30 June of the respective year Source: compilation from following tables 14 as per end of year; 2008: as at April 2009

2

Insurance companies* by class of insurance business

year

federal supervision1 total number of insurance companies

of which: life insurers

Pensionskassen

health insurers

property reinsurers & casualty insurers

federal and Land super­ vision2

19543

864

95

207

100

295

34

8,284

1960

939

102

213

101

218

34

9,853

1970

810

107

201

67

289

31

7,390

1980

809

108

177

51

344

33

3,343

1990

729

109

153

55

322

28

2,659

1995

677

121

141

58

268

32

2,157

1998

682

119

141

58

266

43

2,037

1999

677

120

141

57

263

44

1,983

2000

659

119

140

55

254

41

1,882

2001

640

116

134

55

249

40

1,825

2002

645

110

154

55

238

43

1,779

2003

640

106

157

54

235

45

1,716

2004

633

105

158

54

231

44

1,669

2005

632

104

160

53

227

47

1,638

2006

613

100

153

52

222

45

1,592

2007

609

100

152

51

224

41

1,592

2008

607

99

153

51

222

41

1,516

2009

596

96

153

51

217

38

1,486

2010

582

95

152

48

211

36

1,463

2011

580

94

150

48

215

34

°

* number of life insurers, health insurers, property & casualty insurers, reinsurers, Pensionskassen and funeral expenses funds under German supervision as per end of year 1 carrying on actual business 2 incl. insurance companies without actual business 3 as at 31 March 1954 Source: BaFin

3

Insurance companies* by legal form** year

joint stock c­ ompanies

mutual insurance associations1

other2

insurance institutions under public law

19543

110

684

15

32

1960

125

645

16

46

1970

140

527

16

46

1980

196

406

12

102

1990

281

352

47

81

1995

320

324

31

17

2000

324

299

27

16

2001

323

285

25

17

2002

330

280

22

19

2003

329

272

19

12

2004

328

270

17

10

2005

321

267

18

10

2006

315

267

18

9

2007

321

267

18

9

2008

307

268

18

6

2009

313

267

17

6

2010

304

265

17

6

* number of life insurers, health insurers, property & casualty insurers, reinsurers, Pensionskassen and funeral expenses funds under German supervision carrying on actual business, without small mutual insurance associations under Land supervision mostly limited to a particular region, until 1980 only insurance companies under federal supervision, as per end of year ** joint stock companies that due to their ownership structure are part of the public sector and joint stock companies whose shareholders are mutual insurance associations are included in joint stock companies 1 incl. small mutual insurance associations registered under section 53 VAG 2 mostly German establishments of foreign-based insurance companies, from 1995 without establishments of insurance companies based inside the EEA Source: BaFin 3 as at 31 March 1954

4

Insurance companies and premium income by federal state* federal state

number of insurance companies 2008

2009

2010

earned gross premiums in EUR m 2008

2009

Baden-Württemberg

47

48

46

25,674

27,328

2010 28,926

Bavaria

74

74

72

59,675

62,828

66,303

Berlin

11

11

11

1,230

1,196

1,239

Brandenburg

1

1

1

132

140

149

Bremen

1

1

1

4

5

5

Hamburg

41

38

36

15,644

10,597

11,155

Hesse

45

41

39

16,353

17,177

15,212

Mecklenburg-West Pomerania Lower Saxony North Rhine-Westphalia













46

47

47

19,204

19,839

21,329 61,820

117

111

106

57,210

60,480

Rhineland-Palatinate

6

6

6

7,921

8,424

8,862

Saar

6

6

6

2,171

2,274

2,993 573

Saxony

2

2

2

451

546

Saxony-Anhalt













13

15

15

2,104

2,374

2,383

Schleswig-Holstein Thuringia













Germany

410

401

388

207,773

213,208

220,948

* life, health, property & casualty insurers and reinsurers; only insurance companies under federal Source: BaFin supervision, assignment to federal state by company headquarters

5 year

Insurance income by class of business total of primary insurance1

life2

health

property & casualty3 total4

reinsurance5

motor

in EUR m 1950

1,174

405

227

542

184

°

1960

4,501

1,537

639

2,325

1,066

743

1970

13,676

5,068

2,068

6,540

2,959

2,079

1980

36,000

13,215

4,830

17,955

7,829

7,141

1990

69,888

27,403

9,546

32,939

14,346

13,713

1995

111,459

45,201

16,408

49,850

22,555

21,970

1998

120,677

52,505

19,320

48,852

19,959

23,969

1999

127,325

58,749

19,910

48,666

19,776

26,147

2000

131,335

61,225

20,712

49,398

20,358

28,843

2001

135,093

62,565

21,718

50,810

21,341

31,808

2002

141,008

65,301

23,082

52,625

21,968

41,048

2003

147,729

68,574

24,741

54,414

22,325

40,157

2004

152,166

70,343

26,413

55,410

22,504

37,127

2005

157,984

75,244

27,348

55,392

22,005

35,673

2006

161,945

78,455

28,483

55,007

21,221

36,015

2007

162,923

78,967

29,461

54,495

20,800

32,298

2008

164,532

79,585

30,331

54,616

20,372

31,393

2009

171,417

85,248

31,468

54,701

20,057

34,674

2010

178,844

90,355

33,270

55,219

20,158

36,191

20116

178,098

86,798

34,685

56,615

20,887

° -0.8

change against previous year as % 1998

1.8

4.0

4.1

-1.3

-3.8

1999

5.5

11.9

3.1

-0.4

-0.9

9.1

2000

3.1

4.2

4.0

1.5

2.9

10.3

2001

2.9

2.2

4.9

2.9

4.8

10.3

2002

4.4

4.4

6.3

3.6

2.9

29.0

2003

4.8

5.0

7.2

3.4

1.6

-2.2

2004

3.0

2.6

6.8

1.8

0.8

-7.5 -3.9

2005

3.8

7.0

3.5

0.0

-2.2

2006

2.5

4.3

4.2

-0.7

-3.6

1.0

2007

0.6

0.7

3.4

-0.9

-2.0

-10.3

2008

1.0

0.8

3.0

0.2

-2.1

-2.8

2009

4.2

7.1

3.8

0.2

-1.5

10.4

2010

4.3

6.0

5.7

0.9

0.5

4.4

20116

-0.4

-3.9

4.3

2.5

3.6

°

average annual rates of change as % 1950–1960

14.4

14.3

10.9

15.7

19.2

°

1960–1970

11.8

12.7

12.5

10.9

10.7

10.8 13.1

1970–1980

10.2

10.1

8.9

10.6

10.2

1980–1990

6.9

7.6

7.1

6.3

6.2

6.7

1990–2000

6.5

8.4

8.1

4.1

3.6

7.7

2000–2010

3.1

4.0

4.9

1.1

-0.1

2.3

1 written gross premiums 2 from 2001 incl. Pensionskassen and pension funds covered by the GDV statistics 3 German direct business; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 4 without nuclear insurance and pecuniary damage liability insurance; until 2002 without fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance 5 earned premiums of reinsurers incl. additional charges, net of retrocession 6 partly provisional data Source: GDV; PKV; BaFin

6

Insurance premium income* by legal form** mutual insurance associations1

insurance institutions under public law

other2

year

joint stock c­ ompanies

1951

61.1

31.6

4.5

2.8

1960

64.3

27.8

3.8

4.1 3.9

market share as %3

1970

64.0

28.0

4.1

19754

59.6

26.6

10.2

3.6

1985

58.8

26.4

11.0

3.8

1986

58.7

26.7

10.8

3.8

1987

58.7

26.9

10.8

3.6

1988

58.6

27.0

10.9

3.5

1989

60.2

25.7

10.6

3.5

19904

69.1

19.9

8.3

2.6

1991

70.0

19.5

8.0

2.6

1992

70.7

19.3

7.5

2.5

1993

70.9

19.1

7.5

2.5

1994

72.2

18.9

7.0

1.9

1995

73.4

19.3

5.9

1.5

1996

74.1

18.7

6.0

1.2

1997

74.1

18.7

6.0

1.2

1998

75.4

18.3

5.0

1.3

1999

75.4

18.2

5.0

1.4

2000

76.1

17.7

5.2

1.0

2001

79.3

15.5

4.3

1.0

2002

81.3

15.4

2.1

1.1

2003

83.5

14.1

1.5

0.9

2004

83.2

14.5

1.5

0.9

2005

82.7

14.9

1.5

0.9

2006

82.6

15.0

1.5

0.9

2007

83.0

14.6

1.4

0.9

2008

82.6

15.1

1.5

0.8

2009

81.8

15.8

1.5

0.9

2010

82.6

15.0

1.5

0.9

* life insurers, health insurers, property & casualty insurers, reinsurers, Pensionskassen and funeral expenses funds; until 1970 insurance companies under German federal supervision, from 1975 to 1989 insurance companies under federal and Land supervision, until 1989 without reinsurance companies, from 1990 insurance companies under German supervision without small mutual insurance associations under Land supervision mostly limited to a particular region ** joint stock companies that due to their ownership structure are part of the public sector and joint stock companies whose shareholders are mutual insurance associations are included in joint stock companies 1 incl. small mutual insurance associations registered under section 53 VAG 2 mostly German establishments of foreign-based insurance companies, from 1994 without establishments of insurance companies based inside the EEA 3 share of legal form in gross premiums; until 1989 written gross premiums, from 1990 earned gross premiums 4 due to modified classification, figures not comparable to previous years Source: BaFin

7

Insurance portfolios 1980

1990

1995

2000

2005

2010

20111 93.6

contracts, numbers in m life insurance2

65.8

72.4

81.1

87.6

96.9

94.2

health insurance3

24.1

32.7

52.0

47.8

53.7

67.3

68.0

property & casualty4

157.8

200.3

242.8

262.1

274.7

293.2

295.8

total

247.6

305.4

375.9

397.5

425.3

454.7

457.4

1 partly provisional figures 2 from 2005 incl. Pensionskassen and pension funds covered by the GDV statistics 3 until 1990 number of insured under each policy section (estimated); from 1995 incl. compulsory long-term care insurance, foreign travel health insurance a.o.; 2000 and 2005 change in counting method (modified definitions), not comparable to previous years 4 German direct business; without nuclear insurance and pecuniary damage liability insurance; until 2000 without marine insurance; until 2006 without credit, surety and fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance Source: GDV; PKV; BaFin

8

Employment in the insurance industry by federal state

federal state

total1

employees2

selfemployed insurance inter­ mediaries / advisers3

total1

employees2

selfemployed insurance inter­ mediaries / advisers3

numbers 2010 Baden-Württemberg

2011

73,868

36,420

37,448

72,853

36,070

36,783

109,522

61,720

47,802

108,914

61,760

47,154

Berlin

19,961

11,340

8,621

19,527

11,390

8,137

Brandenburg

12,497

2,850

9,647

11,994

2,810

9,184

Bavaria

4,608

3,180

1,428

4,558

3,180

1,378

Hamburg

Bremen

23,415

19,070

4,345

26,130

21,850

4,280

Hesse

48,124

28,290

19,834

47,582

28,130

19,452

Mecklenburg-West Pomerania Lower Saxony North Rhine-Westphalia Rhineland-Palatinate Saar Saxony

8,433

2,930

5,503

7,821

2,510

5,311

43,276

21,580

21,696

43,838

22,510

21,328

126,081

77,320

48,851

125,247

77,140

48,107

21,065

7,760

13,305

20,881

7,820

13,061

7,413

3,900

3,513

7,332

3,910

3,422

25,964

9,630

16,334

25,321

9,500

15,821

Saxony-Anhalt

11,070

3,310

7,760

10,657

3,190

7,467

Schleswig-Holstein

13,488

5,380

8,108

13,275

5,290

7,985

Thuringia

12,727

3,470

9,257

12,305

3,380

8,925

Germany

561,602

298,150

263,452

558,235

300,440

257,795

1 employees subject to social security contributions in primary insurance and reinsurance companies and insurance intermediation firms and self-employed insurance intermediaries / advisers 2 employees subject to social security contributions in primary insurance and reinsurance companies and insurance intermediation firms as at 30 June of the respective year 3 as per end of year Source: AGV; DIHK

9

Employees in the insurance industry year1

total2

insurance property & companies, total3 casualty4

life5

health

reinsurance

1950

°

54.2

28.1

18.0

7.4

0.7

1960

°

116.2

60.2

38.6

15.8

1.6

1970

°

189.5

98.2

62.9

25.8

2.6

1971

°

197.3

102.2

65.5

26.8

2.8

numbers in 1,000

1972

°

204.6

106.0

67.9

27.8

2.9

1973

°

208.1

107.8

69.1

28.3

2.9

1974

°

209.3

108.4

69.5

28.5

2.9

1975

°

203.4

105.4

67.5

27.7

2.8

1976

°

199.9

103.5

66.4

27.2

2.8

1977

°

198.7

102.9

66.0

27.0

2.8

1978

°

200.3

103.8

66.5

27.2

2.8

1979

°

202.3

104.8

67.2

27.5

2.8

1980

°

202.3

104.8

67.2

27.5

2.8

1981

°

202.9

105.1

67.4

27.6

2.8

1982

°

203.1

105.2

67.4

27.6

2.9

1983

°

200.1

103.6

66.5

27.2

2.8

1984

°

198.1

102.6

65.8

26.9

2.8

1985

°

197.3

102.2

65.5

26.8

2.8

1986

°

200.3

103.8

66.5

27.2

2.8

1987

°

202.9

105.1

67.4

27.6

2.8

1988

°

206.6

107.0

68.6

28.1

2.9

1989

°

211.1

109.3

70.1

28.7

3.0

1990

254.7

233.2

120.8

77.4

31.7

3.3

1991

268.6

251.9

128.9

82.6

33.8

3.5

1992

279.8

259.0

149.2

68.4

36.8

4.6

1993

283.9

255.9

147.4

67.6

36.3

4.6

1994

281.4

250.0

144.0

66.0

35.5

4.5

1995

273.8

245.6

141.5

64.8

34.9

4.4

1996

°

241.7

139.2

63.8

34.3

4.4

1997

269.3

239.3

135.7

67.2

31.4

5.0

1998

292.8

238.8

132.4

68.0

33.0

5.4

1999

293.6

239.6

125.9

72.6

35.1

6.0

2000

299.7

240.2

126.2

72.8

35.2

6.0

2001

302.5

245.4

129.0

74.1

36.1

6.2

2002

312.4

248.1

130.6

74.0

36.4

7.1

2003

311.1

244.3

125.5

74.9

36.8

7.1

2004

308.4

240.8

123.2

74.4

36.0

7.2

2005

306.1

233.3

117.8

68.9

39.4

7.2

2006

299.1

225.7

109.3

65.4

43.7

7.3

2007

292.0

218.9

119.2

53.1

40.2

6.4

2008

285.3

216.3

119.5

53.5

37.3

6.0

2009

300.0

216.5

123.6

46.6

40.9

5.4

2010

298.2

216.4

°

°

°

°

2011

300.4

215.5

°

°

°

°

1 until 1989 former FRG territory, from 1990 Germany, from 2010 data referring to classes of insurance business not available 2 employees subject to social security contributions in primary insurance and reinsurance companies and insurance intermediation firms 3 inside staff, employed field staff and trainees, without employees in passive phase of partial retirement according to the Partial Retirement Act 4 incl. holding companies and outsourced companies 5 without Pensionskassen and pension funds Source: AGV

10

Employees in insurance companies by field of activity*

year1

total

inside staff

trainees2

employed field staff

1970

189.5

134.9

11.2

43.4

1980

202.3

152.1

10.5

39.7

numbers in 1,000

1985

197.3

147.0

13.2

37.1

1990

233.2

167.2

15.9

50.1

1991

251.9

183.6

17.1

51.2

1992

259.0

184.9

17.4

56.7

1993

255.9

181.9

17.2

56.8

1994

250.0

180.5

14.8

54.7

1995

245.6

179.2

13.3

53.1

1996

241.7

177.5

12.2

52.0

1997

239.3

175.2

12.7

51.4

1998

238.8

174.6

13.9

50.3

1999

239.6

174.0

14.8

50.8

2000

240.2

174.3

15.4

50.5

2001

245.4

178.2

15.9

51.3

2002

248.1

179.7

16.1

52.3

2003

244.3

178.1

15.2

51.0

2004

240.8

176.6

14.1

50.1

2005

233.3

171.5

13.1

48.7

2006

225.7

167.6

12.2

45.9

2007

218.9

162.9

11.7

44.3

2008

216.3

161.5

11.6

43.2

2009

216.5

160.3

12.6

43.6

2010

216.4

160.2

13.2

43.0

20113

215.5

160.4

13.3

41.8

* employees subject to social security contributions in primary insurance and reinsurance companies, without Pensionskassen and pension funds, without employees in passive phase of partial retirement according to the Partial Retirement Act 1 until 1985 former FRG territory, from 1990 Germany; as per end of year 2 Kaufleute für Versicherungen und Finanzen (insurance and finance clerks), Versicherungskaufleute (insurance clerks), general clerical occupations a.o. 3 provisional figures Source: AGV

11

Insurance intermediaries and advisers* self-employed insurance intermediaries / advisers

2008

2009

2010

2011

numbers 172,611

176,747

182,224

175,773

insurance agents with authorization2

32,484

33,771

33,829

33,083

insurance brokers

38,883

41,972

44,192

45,641

2,465

2,861

3,011

3,075

246,443

255,351

263,256

257,572

165

174

196

223

tied insurance intermediaries1

product accessory intermediaries3 insurance intermediaries, total insurance advisers4

* as per end of year, 2008: as at April 2009 1 tied agents registered by insurance companies under section 34d para. 4 GewO 2 tied agents representing one or multiple insurance companies licensed by the competent Chamber of Industry and Commerce 3 traders who mediate insurance as a supplement to the products or services provided as part of their principal activity and perform their activity as an insurance intermediary on direct behalf of one or several insurance intermediaries who have received authorization or of one or several insurance companies (section 34d para. 3 GewO) 4 traders who provide professional insurance advice without remuneration from an insurance company or being otherwise dependent on it (section 34e GewO) Source: DIHK

12

Share of distribution channels in new business in the insurance industry life insurance

1

2009

2010

health insurance

2

property & casualty insurance3,4

2009

2010

2009

2010

as % single-tied or insurance group intermediaries

44.1

42.0

44.1

48.6

47.6

47.9

36.9

35.1

29.6

32.0

42.6

42.8

as side job

1.5

1.3

1.0

1.1

3.0

2.6

employed field staff

5.7

5.6

13.5

15.5

2.0

2.5

multi-tied intermediaries

30.3

29.5

36.8

37.5

33.7

31.1

as main occupation

brokers

20.9

23.2

31.2

31.7

29.5

28.1

multiple agents

9.4

6.3

5.6

5.8

4.2

3.0

credit institutions

20.6

23.6

2.7

3.1

5.9

6.5

as single-tied intermediaries

14.9

18.5

1.9

2.0

3.8

4.2

as multi-tied intermediaries

5.7

5.1

0.8

1.1

2.1

2.3

direct selling

2.5

2.6

4.0

3.9

9.3

9.5

other

2.5

2.3

12.4

6.9

3.5

5.0

1 according to total of mediated premiums 2 according to mediated monthly premium 3 property, accident, liability, motor and legal expenses insurance 4 according to mediated annual premium Source: GDV

13 year

Development of the investments of the insurance industry* accounting year’s balance sheet values1

net new investments2

in EUR bn

in EUR bn

change against previous year as %

gross new investments in EUR bn

disinvestments

change against previous year as %

in EUR bn

change against previous year as %

19603

10.555

17.3

1.518

2.203

1.0

0.685

-16.9

1970

37.494

10.7

3.620

6.208

7.3

2.298

24.2

1975

72.385

16.1

8.224

14.992

28.0

6.450

60.7

1980

126.231

11.3

12.837

25.340

3.6

11.278

-2.6

1982

157.151

11.4

16.340

33.046

16.5

16.143

28.5

1983

173.841

10.6

18.456

38.278

15.8

19.197

18.9

1984

191.515

10.2

17.614

40.737

6.4

22.611

17.8

1985

211.946

10.7

20.117

45.823

12.5

24.800

9.7

1986

232.558

9.7

20.471

53.237

16.2

31.642

27.6

1987

252.811

8.7

20.280

60.402

13.5

37.234

17.7

1988

276.566

9.4

23.898

59.941

-0.8

35.224

-5.4

1989

298.923

8.1

25.303

63.517

6.0

36.292

3.0

1990

321.699

7.6

23.201

70.032

10.3

43.090

18.7

1991

353.518

9.9

27.097

81.872

16.9

53.357

23.8

1992

386.112

9.2

32.114

90.861

11.0

56.808

6.5

1993

425.539

10.2

39.353

111.755

23.0

71.529

25.9

1994

469.071

10.2

44.002

127.173

13.8

80.390

12.4

1995

521.448

11.2

48.962

136.466

7.3

85.877

6.8

1996

573.918

10.1

53.094

150.191

10.1

95.522

11.2

1997

630.373

9.8

54.350

161.625

7.6

105.179

10.1

1998

688.436

9.2

57.346

200.391

24.0

139.939

33.0

1999

751.493

9.2

66.667

208.785

4.2

143.520

2.6

2000

802.660

6.8

53.288

205.450

-1.6

137.147

-4.4

2001

871.529

8.6

71.682

284.509

38.5

206.910

50.9

2002

927.026

6.4

64.077

368.107

29.4

273.052

32.0

2003

981.143

5.8

54.028

350.596

-4.8

282.387

3.4

2004

1,010.280

3.0

29.068

284.862

-18.7

251.179

-11.1

2005

1,068.036

5.7

61.489

308.377

8.3

248.013

-1.3

2006

1,114.884

4.4

57.152

367.042

19.0

307.978

24.2

2007

1,151.337

3.3

39.941

375.926

2.4

330.566

7.3

2008

1,164.096

1.1

24.680

407.665

8.4

365.200

10.5

2009

1,193.930

2.6

37.965

381.510

-6.4

340.306

-6.8

2010

1,239.526

3.8

54.875

382.733

0.3

324.414

-4.7

average annual rates of change as % 1960–1970

13.5

x

9.1

10.9

x

12.9

x

1970–1980

12.9

x

13.5

15.1

x

17.2

x

1980–1990

9.8

x

6.1

10.7

x

14.3

x

1990–2000

9.6

x

8.7

11.4

x

12.3

x

2000–2010

4.4

x

0.3

6.4

x

9.0

x

* life, health, property & casualty insurers and reinsurers, without Pensionskassen and pension funds; data from BaFin’s primary insurance and reinsurance statistics 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by policyholders (in particular from unit-linked life insurance) 2 difference between investments at the beginning and end of the year 3 property & casualty insurers without property, livestock and hail insurers and mutual ship insurance associations Source: BaFin

14

Investment portfolio of the insurance industry* type of investment

2007

2008

2009

2010

2011

in EUR bn1 bonds and debentures

865.7

912.7

955.1

989.4

97.7

53.9

44.5

41.8

36.8

136.0

139.5

128.0

135.9

142.1

real estate

34.8

34.1

34.9

36.7

39.9

other investments

51.7

53.9

50.8

52.5

31.7

1,185.8

1,194.1

1,213.2

1,256.4

1,285.5 80.5

shares participating interests

total

1,034.8

as % of investments bonds and debentures

73.0

76.4

78.7

78.8

8.2

4.5

3.7

3.3

2.9

11.5

11.7

10.5

10.8

11.1

real estate

2.9

2.9

2.9

2.9

3.1

other investments

4.4

4.5

4.2

4.2

2.5

100.0

100.0

100.0

100.0

100.0

shares participating interests

total

* without Pensionskassen and pension funds; as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by the policyholder (in particular from unit-linked life insurance) Source: BaFin, GDV

15

Investment portfolio of primary insurers* – in absolute figures

type of investment

2007

2008

2009

2010

2011

799.6

829.3

872.7

907.2

947.9

61.2

58.6

56.9

55.4

54.7

251.2

254.1

269.2

268.7

280.9

164.1

165.9

161.1

151.2

161.5

70.9

73.5

94.2

102.1

105.4

in EUR bn1 bonds and debentures mortgages loans loans to credit institutions loans to states loans to companies

7.5

8.4

8.5

9.7

8.8

policy loans

5.2

5.5

5.1

4.9

4.6

other

3.5

0.8

0.3

0.8

0.7

247.1

243.1

255.3

255.4

256.3

government bonds

26.3

22.5

28.2

36.2

38.3

corporate bonds

10.7

14.1

15.5

17.3

17.6

mortgage bonds

bonds and debentures included in funds

140.6

171.1

184.1

208.9

220.1

subordinated loans and profit participation rights

32.6

30.4

26.9

26.3

24.3

call money, time and fixed deposits

14.7

18.4

17.4

16.7

21.9

other bonds and debentures

15.1

17.1

19.2

22.3

33.8

82.1

44.8

33.4

34.3

30.2

directly held

12.3

8.6

4.6

4.8

3.3

held in funds

69.8

36.2

28.1

29.5

26.9

participating interests

34.1

36.2

34.3

36.6

38.2

real estate

32.3

32.2

33.0

34.7

37.3

directly held

22.0

21.1

21.1

22.2

25.2

held in funds

10.3

11.1

11.9

12.5

12.1

other investments

31.6

36.1

35.9

36.0

16.8

979.7

978.5

1,009.2

1,048.9

1,070.4

shares

total

* without Pensionskassen and pension funds; as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by the policyholder (in particular from unit-linked life insurance) Source: BaFin; GDV

15

Investment portfolio of primary insurers* – in percentages type of investment

2007

2008

2009

2010

2011

81.6

84.7

86.5

86.5

88.6

6.2

6.0

5.6

5.3

5.1

25.6

26.0

26.7

25.6

26.2 15.1

as %1 bonds and debentures mortgages loans

16.8

17.0

16.0

14.4

loans to states

loans to credit institutions

7.2

7.5

9.3

9.7

9.8

loans to companies

0.8

0.9

0.8

0.9

0.8

policy loans

0.5

0.6

0.5

0.5

0.4

other

0.4

0.1

0.0

0.1

0.1 23.9

mortgage bonds

25.2

24.8

25.3

24.4

government bonds

2.7

2.3

2.8

3.4

3.6

corporate bonds

1.1

1.4

1.5

1.6

1.6

14.3

17.5

18.2

19.9

20.6

bonds and debentures included in funds subordinated loans and profit participation rights

3.3

3.1

2.7

2.5

2.3

call money, time and fixed deposits

1.5

1.9

1.7

1.6

2.0

other bonds and debentures

1.5

1.7

1.9

2.1

3.2

8.4

4.6

3.3

3.3

2.8

directly held

1.3

0.9

0.5

0.5

0.3

held in funds

shares

7.1

3.7

2.8

2.8

2.5

participating interests

3.5

3.7

3.4

3.5

3.6

real estate

3.3

3.3

3.3

3.3

3.5

directly held

2.2

2.2

2.1

2.1

2.4

held in funds

1.1

1.1

1.2

1.2

1.1

other investments

3.2

3.7

3.6

3.4

1.6

100.0

100.0

100.0

100.0

100.0

total

* without Pensionskassen and pension funds; as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by the policyholder (in particular from unit-linked life insurance) Source: BaFin; GDV

16

Selected alternative investments of primary insurers*

type of investment

2007

2008

2009

2010

20111

in EUR bn (share in total investments as %) primary insurers, total2 private equity3

4.2 (0.4)

6.0 (0.6)

6.6 (0.6)

7.2 (0.6)

9.3 (0.8)

directly held asset-backed securities and credit-linked notes

6.5 (0.6)

6.6 (0.6)

5.6 (0.5)

5.6 (0.5)

3.9 (0.3)

asset-backed securities and creditlinked notes in funds

10.2 (0.9)

9.8 (0.9)

8.3 (0.7)

7.9 (0.7)

6.5 (0.5)

hedge funds4

5.4 (0.5)

5.8 (0.5)

5.5 (0.5)

5.5 (0.5)

5.2 (0.4)

private equity3

2.9 (0.4)

4.2 (0.6)

4.7 (0.7)

5.0 (0.7)

6.3 (0.8)

directly held asset-backed securities and credit-linked notes

5.0 (0.7)

4.9 (0.7)

4.1 (0.6)

4.2 (0.6)

3.1 (0.4)

life insurers5

asset-backed securities and creditlinked notes in funds

6.1 (0.9)

6.1 (0.9)

5.3 (0.8)

4.9 (0.7)

3.9 (0.5)

hedge funds4

3.4 (0.5)

3.6 (0.5)

3.3 (0.5)

3.2 (0.4)

2.8 (0.4)

private equity3

0.5 (0.3)

0.8 (0.5)

0.8 (0.5)

0.9 (0.5)

1.1 (0.6)

directly held asset-backed securities and credit-linked notes

0.5 (0.3)

0.5 (0.4)

0.6 (0.3)

0.5 (0.3)

0.4 (0.2)

health insurers

asset-backed securities and creditlinked notes in funds

1.0 (0.6)

1.1 (0.7)

0.8 (0.5)

0.8 (0.5)

0.7 (0.4)

hedge funds4

0.7 (0.4)

0.7 (0.4)

0.6 (0.4)

0.7 (0.4)

0.8 (0.4)

property & casualty insurers private equity3

0.6 (0.5)

0.8 (0.6)

0.9 (0.7)

1.1 (0.8)

1.6 (1.1)

directly held asset-backed securities and credit-linked notes

0.5 (0.3)

0.6 (0.4)

0.5 (0.3)

0.4 (0.3)

0.3 (0.2)

asset-backed securities and creditlinked notes in funds

2.2 (1.5)

2.0 (1.4)

1.7 (1.3)

1.8 (1.3)

1.4 (1.0)

hedge funds4

0.5 (0.4)

0.6 (0.4)

0.7 (0.5)

0.8 (0.6)

0.6 (0.4)

* as per end of year 1 provisional figures 2 incl. Pensionskassen 3 direct investment 4 investments in hedge funds and tied to hedge funds 5 without Pensionskassen and pension funds Source: BaFin

Insurance business written by German primary insurers in EEA countries, by country* business written through establishments number1

17

business written by way of freedom of services

premiums in EUR m2

number1

premiums in EUR m2

115.1

2010 life Austria

2

85.8

14

Denmark





2

6.2

France





1

0.9 2.9

Italy





3

Luxembourg

1

0.4





Netherlands





3

3.6

Sweden





1



United Kingdom

1

1.6

1

0.2

total of EU-15

4

87.8

25

128.9

total of EU-27

6

94.4

29

135.6

total of EEA

7

113.0

30

146.1

non-life Austria

9

76.9

25

37.0

Belgium

7

17.0

15

17.3 21.4

Denmark

2

22.6

15

Finland





7

0.8

France

11

202.7

15

27.3

Greece

2

21.1

12

2.1

Ireland

2

0.0

12

8.2 25.5

Italy

8

191.5

18

Luxembourg

3

1.8

17

8.0

Netherlands

12

22.7

16

57.7

Portugal





11

1.8

Sweden





12

11.2

Spain

6

96.2

19

29.7

United Kingdom

8

458.2

14

46.3

total of EU-15

70

1,110.7

208

294.3

total of EU-27

79

1,120.9

309

315.3

total of EEA

80

1,170.9

328

317.6

* direct business of German primary insurers written through establishment or by way of freedom of services 1 number of establishments or of insurance companies operating by way of freedom of services and carrying on actual business 2 written gross premiums Source: BaFin

18

Insurance business written by German primary insurers in EEA countries, by class of insurance* business written through establishments

insurance class

2006

2007

2008

2009

2010

premiums in EUR m1 non-life insurance

1,154.9

1,192.6

869.1

987.8

1,174.7

accident / health insurance

28.9

21.8

32.0

36.8

29.6

motor TPL insurance

11.9

11.4

11.3

11.4

11.4

9.4

9.6

10.2

11.0

12.6

fire and other property insurance

204.3

365.9

275.6

322.1

424.0

marine and aviation insurance

372.3

297.8

201.5

256.0

270.6

general liability insurance

401.4

354.4

223.3

232.6

316.1

5.7

7.2

7.2

9.2

2.4

120.9

124.5

108.0

108.5

108.0

other motor insurance

credit and surety insurance other insurance classes life insurance total of EEA

154.5

158.4

160.4

141.6

113.0

1,309.4

1,350.9

1,029.5

1,129.4

1,287.7

business written by way of freedom of services insurance class

2006

2007

2008

2009

2010

249.7

257.4

293.9

307.8

317.6

6.8

7.5

9.6

8.6

10.5

14.7

13.2

8.1

9.3

11.4

premiums in EUR m1 non-life insurance accident / health insurance motor TPL insurance other motor insurance

0.7

0.6

0.3

0.7

1.1

fire and other property insurance

29.4

36.4

47.6

54.2

47.0

marine and aviation insurance

70.5

59.2

63.9

49.9

49.6

general liability insurance

38.0

40.8

41.7

48.7

37.9

credit and surety insurance

76.9

84.0

107.1

111.0

132.3

other insurance classes

12.6

15.7

15.5

25.4

27.8

96.3

242.9

116.7

134.5

146.1

346.0

500.2

410.6

442.3

463.7

life insurance total of EEA

* direct business of German primary insurers written through establishment or by way of freedom of services within the EEA 1 written gross premiums Source: BaFin

19

Foreign-controlled German primary insurers* country of origin

total1

life insurers

health insurers

property & casualty insurers

2010 written gross premiums in EUR m (number of insurance companies) Austria

481.4

(4)

13.8

(1)

113.4

(1)

354.2

(2)

France

10,127.7

(10)

4,065.9

(3)

2,280.1

(1)

3,781.7

(6)

Italy

11,390.4

(9)

6,177.4

(3)

2,213.7

(2)

2,999.3

(4)

Netherlands

944.9

(3)

944.9

(3)



(–)



(–)

Sweden

448.3

(1)

448.3

(1)



(–)



(–)

United Kingdom

177.0

(4)

12.4

(1)



(–)

164.6

(3)

23,569.7

(31)

11,662.6

(12)

4,607.3

(4)

7,299.9

(15)

90.3

(1)



(–)



(–)

90.3

(1)

7,693.7

(11)

5,535.5

(6)



(–)

2,158.2

(5)

3.6

(1)



(–)



(–)

3.6

(1)

4,602.0

(2)

4,467.3

(1)



(–)

134.7

(1)

35,959.3

(46)

21,665.4

(19)

4,607.3

(4)

9,868.6

(23)

total EU Russia Switzerland USA other countries total

market share as %2 total

19.8

25.0

13.8

15.8

* German insurance companies with foreign direct or indirect majority interests over 50 %; allocation by country of origin according to majority shareholder’s headquarters 1 without Pensionskassen and pension funds 2 in terms of written gross premiums of German primary insurers Source: BaFin

20

Insurance business written by European primary insurers in Germany*

year

premiums in EUR m1 (share as %2) total

through establishments

by way of freedom of services

life 1996

214

(0.4)

155

(0.3)

59

(0.1)

1997

292

(0.6)

202

(0.4)

89

(0.2)

1998

183

(0.3)

6

(0.0)

176

(0.3)

1999

966

(1.6)

75

(0.1)

891

(1.5)

2000

1,211

(1.9)

162

(0.3)

1,049

(1.7)

2001

2,085

(3.3)

260

(0.4)

1,825

(2.8)

2002

2,768

(4.1)

379

(0.6)

2,389

(3.5)

2003

2,763

(4.0)

667

(1.0)

2,096

(3.0)

2004

4,804

(6.6)

918

(1.3)

3,885

(5.3)

2005

5,150

(6.7)

981

(1.3)

4,169

(5.4)

2006

5,251

(6.6)

927

(1.2)

4,324

(5.5)

2007

5,528

(6.9)

1,019

(1.3)

4,509

(5.6)

2008

5,158

(6.4)

999

(1.2)

4,159

(5.2)

2009

4,321

(5.1)

1,066

(1.3)

3,255

(3.9)

1996

641

(0.9)

518

(0.7)

123

(0.2)

1997

696

(1.0)

487

(0.7)

209

(0.3)

non-life

1998

710

(1.0)

502

(0.7)

208

(0.3)

1999

861

(1.2)

414

(0.6)

447

(0.6)

2000

846

(1.2)

455

(0.6)

391

(0.5)

2001

2,735

(3.5)

755

(1.0)

1,980

(2.6)

2002

1,523

(1.9)

1,043

(1.3)

479

(0.6)

2003

2,039

(2.4)

1,265

(1.5)

775

(0.9)

2004

2,032

(2.4)

1,374

(1.6)

658

(0.8)

2005

2,529

(2.9)

1,521

(1.7)

1,008

(1.2)

2006

2,829

(3.2)

1,700

(1.9)

1,128

(1.3)

2007

3,261

(3.6)

1,982

(2.2)

1,280

(1.4)

2008

3,254

(3.6)

1,960

(2.2)

1,294

(1.4)

2009

3,991

(4.2)

2,368

(2.5)

1,623

(1.7)

* primary insurance companies based in other EEA countries 1 written gross premiums, direct business 2 share in total direct business in Germany Source: BaFin

21

Insurance density and penetration of insurance year1

insurance density in EUR2

penetration of insurance as %3

1950

23

2.36

1960

80

2.91

1970

224

3.79

1980

584

4.57

1991

989

5.17

1999

1,550

6.37

2000

1,597

6.41

2001

1,639

6.43

2002

1,708

6.61

2003

1,790

6.88

2004

1,844

6.93

2005

1,916

7.10

2006

1,967

7.00

2007

1,982

6.71

2008

2,006

6.65

2009

2,096

7.22

2010

2,188

7.22

20114

2,176

6.93

1 until 1980 former FRG territory, from 1991 Germany 2 written gross premiums of primary insurers, in relation to inhabitants 3 written gross premiums of primary insurers, in relation to GDP 4 provisional figures 

Source: GDV

22

Market concentration in the insurance industry individual insurers

insurance groups

market share as %1 1980

1990

2000

2005

2010

2010

life insurance   5 largest companies

37.43

33.00

30.77

33.72

38.10

48.11

10 largest companies

50.66

47.56

46.49

48.77

54.38

68.06

15 largest companies

61.37

58.20

58.27

60.05

66.02

78.75

private health insurance   5 largest companies

57.03

54.10

52.23

50.54

51.33

53.61

10 largest companies

77.72

72.88

72.06

69.66

73.32

78.01

15 largest companies

90.90

84.95

83.91

82.52

85.13

90.32

property & casualty insurance   5 largest companies

25.40

24.84

27.60

30.93

32.79

44.25

10 largest companies

37.66

37.54

39.54

42.61

46.24

62.80

15 largest companies

47.94

48.09

49.37

52.50

56.24

73.94

primary insurance, total2   5 largest companies

x

x

x

x

x

44.20

10 largest companies

x

x

x

x

x

63.43

15 largest companies

x

x

x

x

x

74.25

reinsurance   5 largest companies

69.57

71.30

72.35

75.98

88.75

°

10 largest companies

85.32

88.51

90.13

91.06

98.21

°

15 largest companies

93.98

96.73

95.77

97.25

99.65

°

1 in terms of earned gross premiums 2 a meaningful calculation of market shares based on individual insurance companies is not possible due to obligatory legal separation of life, health and property & casualty business  Source: BaFin, own calculations

23

Insurance industry in comparison to other industries 2005

2006

2007

2008

2009

2010

employment in 1,0001 retail industry

1,989.2

1,983.1

1,997.3

2,030.0

2,094.1

2,097.3

engineering

996.5

1,001.7

1,028.9

1,080.6

965.6

939.2

chemical industry

446.3

442.9

447.9

449.4

320.7

314.2

building industry

1,541.4

1,530.7

1,541.6

1,534.0

1,572.2

1,605.1

IT services2

370.6

385.8

402.3

429.8

448.8

461.9

banking industry

687.5

675.7

661.5

656.5

626.8

619.2

insurance industry3

306.1

299.1

292.0

285.3

300.0

298.2

revenue in EUR bn retail industry

348.2

380.1

392.4

419.04

460.2

°

engineering

178.9

196.5

218.9

236.1

170.8

186.3

chemical industry

152.8

162.2

173.6

176.5

107.4

133.0

building industry

75.4

82.4

81.9

86.8

83.34

83.1

IT services2

61.6

63.7

68.3

73.94

76.4

°

°

°

°

°

°

°

193.7

198.0

195.2

195.9

206.1

215.0

banking industry insurance industry5

1 employees subject to social security contributions as at 30 June 2 until 2007 economic sector “data processing and databases”, from 2008 economic sector “computer programming, consultancy and related activities” 3 employees subject to social security contributions in primary insurance and reinsurance companies and insurance intermediation firms 4 due to modified classification, figures not fully comparable to previous years 5 written gross premiums of primary insurers and earned premiums of reinsurers, net of retrocession; including premium income of Pensionskassen and pension funds covered by the GDV statistics Source: BA; BaFin; GDV; StBA

24

Insurance premium tax and fire brigade tax year1

insurance premium tax tax rate as %2, 3

fire brigade tax

tax revenue in EUR m

tax rate as %4, 5

tax revenue in EUR m

1950

5

33

4

10

1955

5

72

4

13

1960

5

111

4

19

1965

5

197

4

33

1970

5

315

4

49

1975

5

586

4

96

1980

5

908

5

124

1985

5

1,266

5

182

1988

5

1,485

5

197

1989

7

2,142

5

197

1990

7

2,266

5

200

1991

106

2,997

5

227

1992

10

4,139

5

245

1993

126

4,750

5

289

1994

12

5,829

86

304

1995

15

7,211

8

389

1996

15

7,336

8

386

1997

15

7,223

8

363

1998

15

7,133

8

331

1999

15

7,116

8

308

2000

15

7,243

8

288

2001

15

7,427

8

293

2002

16

8,327

8

306

2003

16

8,870

8

328

2004

16

8,751

8

353

2005

16

8,750

8

331

2006

16

8,775

8

322

2007

19

10,331

8

319

2008

19

10,478

8

327

2009

19

10,548

8

323

2010

19

10,284

196

326

2011

19

10,755

19

365

2012

19

°

19

°

1 until 1990 former FRG territory, from 1991 Germany 2 general tax rate; particular risks/insurance classes are subject to different rates 3 taxable base is the insurance premium without insurance premium tax but incl. fire brigade tax 4 general tax rate; from 1 July 2010 the tax rate for fire insurance and fire BI is 22 % 5 taxable base is the insurance premium incl. calculated fire brigade tax but without insurance premium tax; from 1 July 2010 premiums of insurance contracts subject to fire brigade tax liability are only proportionately subject to insurance premium tax or fire brigade tax respectively 6 applicable from 1 July of the respective year Source: BMF; GDV

25

Life insurance companies* by legal form** insurance institutions under public law

other2

year

joint stock companies

mutual insurance associations1

1960

39

35

11

8

1970

39

35

11

11

1980

54

27

7

9

1990

69

25

10

6

1995

86

25

10

4

1996

86

25

10

4

1997

84

25

10

4

1998

86

24

9

4

1999

86

24

9

4

2000

86

24

9

4

2001

86

22

8

4

2002

80

21

6

4

2003

77

20

5

3

2004

78

20

4

3

2005

75

20

4

3

2006

74

20

4

3

2007

75

20

4

3

2008

74

19

4

2

2009

74

19

4

2

2010

73

18

4

2

numbers

market share as %3 1975

66.2

22.0

8.4

3.4

1980

66.1

21.6

8.7

3.6

1990

69.1

19.3

7.8

3.7

1995

71.7

18.0

7.9

2.4

1996

71.4

18.0

8.1

2.5

1997

71.4

17.9

8.2

2.4

1998

74.0

17.6

5.8

2.5

1999

74.4

17.1

5.9

2.6

2000

74.2

17.3

6.8

1.7

2001

77.6

15.4

5.2

1.8

2002

81.3

14.8

2.2

1.8

2003

83.1

13.7

1.4

1.9

2004

83.6

13.3

1.3

1.8

2005

83.4

13.5

1.3

1.9

2006

83.1

13.7

1.2

1.9

2007

83.5

13.5

1.2

1.9

2008

83.8

13.4

1.2

1.7

2009

83.6

13.4

1.2

1.8

2010

84.4

12.6

1.3

1.7

* insurance companies under German supervision carrying on actual business, without small mutual insurance associations under Land supervision mostly limited to a particular region, until 1980 only insurance companies under federal supervision ** joint stock companies that due to ownership structure are part of the public sector and joint stock companies whose shareholders are mutual insurance associations are included in joint stock companies 1 incl. small mutual insurance associations registered under section 53 VAG 2 mostly German establishments of foreign-based insurance companies, from 1995 without establishments of insurance companies based inside the EEA 3 share of legal form in gross premiums; until 1980 written gross premiums, from 1990 earned gross premiums Source: BaFin

26

Business development life insurance, Pensionskassen and pension funds* 2006

2007

2008

2009

2010

2011

new business number of contracts (m)

8.5

7.9

6.9

6.4

6.3

6.5

166.9

161.3

175.0

156.1

162.6

173.8

regular premium contracts

154.4

148.6

162.1

135.3

135.8

151.2

single premium contracts

12.5

12.7

12.9

20.8

26.8

22.6

8.1

7.9

8.4

8.1

8.5

8.6

258.7

248.0

253.8

245.3

260.1

280.4

number of contracts (m)

97.1

97.2

96.3

95.1

94.2

93.6

written gross premiums (EUR bn)2

78.5

79.0

79.6

85.2

90.4

86.8

premium sum (EUR bn)

annual premium equivalent (EUR bn)1 sum insured (EUR bn) business in force

change against previous year as % new business number of contracts premium sum

8.5

-6.4

-12.5

-8.4

-0.3

3.2

14.5

-3.4

8.5

-10.8

4.2

6.9

regular premium contracts

13.1

-3.7

9.1

-16.5

0.3

11.3

single premium contracts

35.1

1.5

1.4

61.7

29.0

-15.7

annual premium equivalent

14.0

-2.4

5.6

-3.7

5.6

0.8

8.0

-4.2

2.3

-3.3

6.0

7.8

sum insured business in force number of contracts

0.2

0.1

-1.0

-1.3

-0.9

-0.7

written gross premiums

4.3

0.7

0.8

7.1

6.0

-3.9

* beside life insurers, the GDV statistics currently cover 25 inter-company Pensionskassen and 17 pension funds (mostly new institutions established by insurers) 1 new business one year’s regular premiums plus 10 % of the single premiums Source: GDV 2 without premiums resulting from bonus and rebate provisions 

27

Business development in life insurance* 2006

2007

2008

2009

2010

2011

new business number of contracts (m)

8.0

7.6

6.7

6.1

6.1

6.3

157.1

153.9

168.5

150.2

157.4

167.5

regular premium contracts

145.5

142.0

156.1

130.5

131.0

145.7

single premium contracts

11.6

11.9

12.4

19.7

26.4

21.8

7.7

7.6

8.1

7.8

8.3

8.3

251.4

243.1

249.3

241.8

256.6

276.3

premium sum (EUR bn)

annual premium equivalent (EUR bn)1 sum insured (EUR bn) business in force number of contracts (m)

94.0

93.9

92.8

91.5

90.5

89.7

written gross premiums (EUR bn)2

74.9

75.4

76.3

81.4

87.2

83.2

2.9

change against previous year as % new business number of contracts

9.5

-5.2

-12.2

-8.1

-0.2

19.5

-2.1

9.5

-10.9

4.8

6.4

regular premium contracts

18.9

-2.5

10.0

-16.4

0.4

11.2

premium sum single premium contracts

27.4

3.0

4.0

59.3

33.9

-17.4

annual premium equivalent

16.7

-1.0

6.7

-4.0

6.6

0.0

sum insured

10.4

-3.3

2.6

-3.0

6.1

7.7

-0.2

-0.1

-1.2

-1.5

-1.0

-0.9

3.1

0.8

1.2

6.6

7.1

-4.6

business in force number of contracts written gross premiums

* without Pensionskassen and pension funds • 1 new business one year’s regular premiums plus 10 % of the single premiums • 2 without premiums resulting from bonus and rebate provisions  Source: GDV

28

Business development of Pensionskassen* 2006

2007

2008

2009

2010

2011

332.5

256.5

222.1

176.8

173.8

194.2

new business number of contracts (in 1,000) premium sum (EUR m)

8,570.4 6,354.1 5,699.2 4,618.2 4,549.8 5,383.1

regular premium contracts

8,405.2 6,211.4 5,573.5 4,486.8 4,438.1 5,264.6

single premium contracts annual premium equivalent (EUR m)1 sum insured (EUR m)

165.2

142.7

125.7

131.4

111.7

118.5

352.7

251.5

217.7

172.2

174.6

202.6

7,328.7 4,909.6 4,455.2 3,523.2 3,511.7 4,097.6

business in force number of contracts (in 1,000)

2,907.6 3,070.5 3,193.9 3,286.4 3,380.4 3,500.1

written gross premiums (EUR m)2

2,752.2 2,820.5 2,826.0 2,821.3 2,787.0 2,810.6

change against previous year as % new business number of contracts

-27.5

-22.9

-13.4

-20.4

-1.7

11.7

premium sum

-38.0

-25.9

-10.3

-19.0

-1.5

18.3

regular premium contracts

-38.7

-26.1

-10.3

-19.5

-1.1

18.6

single premium contracts

43.6

-13.9

-11.9

4.6

-15.0

6.0

annual premium equivalent

-33.0

-28.7

-13.4

-20.9

1.4

16.0

sum insured

-37.9

-33.0

-9.3

-20.9

-0.3

16.7

9.0

5.6

4.0

2.9

2.9

3.5

10.2

2.5

0.2

-0.2

-1.2

0.8

business in force number of contracts written gross premiums

* the GDV statistics currently cover 25 inter-company Pensionskassen (mostly new institutions established by insurers) 1 new business one year’s regular premiums plus 10 % of the single premiums Source: GDV 2 without premiums resulting from bonus and rebate provisions 

29

Business development of pension funds* 2006

2007

2008

2009

2010

2011

new business number of contracts (in 1,000)

108.0

premium sum (EUR m)

55.4

1,195.2 1,055.4

29.8

30.8

31.8

713.9 1,262.0

25.6

625.7

939.2

regular premium contracts

434.1

429.9

365.1

331.0

333.9

264.3

single premium contracts

761.1

625.5

348.8

931.0

291.8

674.9

95.1

79.0

48.8

107.2

43.1

77.8

annual premium equivalent (EUR m)1 business in force number of contracts (in 1,000)

185.0

238.0

262.2

289.1

317.0

344.1

written gross premiums (EUR m)2

831.4

712.0

453.7 1,055.5

409.2

798.7

change against previous year as % new business number of contracts

537.1

-48.7

-53.7

16.1

3.5

3.1

premium sum

168.4

-11.7

-32.4

76.8

-50.4

50.1

regular premium contracts

10.4

-1.0

-15.1

-9.3

0.9

-20.8

single premium contracts

1,361.1

-17.8

-44.2

166.9

-68.7

131.3

annual premium equivalent

349.3

-16.9

-38.2

119.5

-59.8

80.6

business in force number of contracts

143.7

28.7

10.1

10.3

9.6

8.6

written gross premiums

649.0

-14.4

-36.3

132.6

-61.2

95.2

* the GDV statistics currently cover 17 pension funds (mostly new institutions established by ­insurers) 1 new business one year’s regular premiums plus 10 % of the single premiums 2 without premiums resulting from bonus and rebate provisions  Source: GDV

30

Premium income in life insurance* year

life insurance1 in EUR m

Pensionskassen/ pension funds2

change against previous year as %

in EUR m

change against previous year as %

total in EUR m

change against previous year as %

1975

8,218

7.7



x

8,218

7.7

1980

13,215

8.8



x

13,215

8.8

1981

14,294

8.2



x

14,294

8.2

1982

15,202

6.4



x

15,202

6.4

1983

16,633

9.4



x

16,633

9.4

1984

17,333

4.2



x

17,333

4.2

1985

18,385

6.1



x

18,385

6.1

1986

19,669

7.0



x

19,669

7.0

1987

21,222

7.9



x

21,222

7.9

1988

23,102

8.9



x

23,102

8.9

1989

25,027

8.3



x

25,027

8.3

1990

27,403

9.5



x

27,403

9.5

1991

31,098

13.5



x

31,098

13.5

1992

34,489

10.9



x

34,489

10.9

1993

38,514

11.7



x

38,514

11.7

1994

42,416

10.1



x

42,416

10.1

1995

45,201

6.6



x

45,201

6.6

1996

47,494

5.1



x

47,494

5.1

19973

50,500

4.8



x

50,500

4.8

1998

52,505

4.0



x

52,505

4.0

1999

58,749

11.9



x

58,749

11.9

2000

61,225

4.2



x

61,225

4.2

2001

62,387

1.9

178

x

62,565

2.2

2002

65,018

4.2

283

59.0

65,301

4.4

2003

67,618

4.0

956

238.0

68,574

5.0

2004

68,399

1.2

1,944

103.3

70,343

2.6

2005

72,636

6.2

2,608

34.1

75,244

7.0

2006

74,872

3.1

3,583

37.4

78,455

4.3

2007

75,434

0.8

3,533

-1.4

78,967

0.7

2008

76,306

1.2

3,279

-7.1

79,585

0.8

2009

81,371

6.6

3,877

18.2

85,248

7.1

2010

87,159

7.1

3,196

-17.6

90,355

6.0

2011

83,188

-4.6

3,610

12.9

86,798

-3.9

average annual rates of change as % 1980–1990

7.6

x

x

x

7.6

1990–2000

8.4

x

x

x

8.4

x x

2000–20104

3.6

x

37.9

x

4.0

x

* written gross premiums without premiums resulting from bonus and rebate provisions 1 without Pensionskassen and pension funds 2 the GDV statistics currently cover 25 inter-company Pensionskassen and 17 pension funds (mostly new institutions established by insurers) 3 as at 1 January 1998 a major insurance portfolio was transferred from a non-member to a member company, the 1997 reference figures have been adjusted accordingly, the growth rate refers to gross premiums in 1997 without portfolio transfer 4 Pensionskassen and pension funds: 2001–2010 Source: GDV

31 year

Life insurance premiums incl. Pensionskassen and pension funds* – regular and single premiums** regular premiums1

in EUR bn

single premiums2

change against previous year as %

in EUR bn

change against previous year as %

total

in EUR bn

share of single ­premiums2

change against previous year as %

as %

2002

58.131

4.3

7.170

7.4

65.301

4.7

11.0

2003

60.222

3.6

8.352

16.5

68.574

5.0

12.2

2004

62.401

3.6

7.942

-4.9

70.343

2.6

11.3

2005

65.844

5.5

9.400

18.3

75.244

7.0

12.5

2006

65.751

-0.1

12.704

35.2

78.455

4.3

16.2

2007

66.091

0.5

12.876

1.4

78.967

0.7

16.3

2008

66.445

0.5

13.140

2.1

79.585

0.8

16.5

2009

64.255

-3.3

20.993

59.8

85.248

7.1

24.6

2010

63.324

-1.5

27.031

28.8

90.355

6.0

29.9

2011

63.915

0.9

22.883

-15.3

86.798

-3.9

26.4

* life insurance incl. Pensionskassen and pension funds; the GDV statistics currently cover 25 intercompany Pensionskassen and 17 pension funds (mostly new institutions established by insurers) ** in each case written gross premiums without premiums resulting from bonus and rebate provisions 1 2002 incl. single premiums from supplementary insurance in life insurance without Pensionskassen and pension funds 2 single premiums for pension funds from new business; 2002 without single premiums from ­supplementary insurance in life insurance without Pensionskassen and pension funds Source: GDV

32

Life insurance premiums* incl. Pensionskassen and pension funds – by type of business group insurance

supplementary insurance2

year

endowment insurance

unit-linked endowment and annuity insurance

2001

55.6

5.7

22.1

11.1

5.5

2002

52.6

7.3

22.5

11.4

6.1

2003

46.3

8.4

25.5

13.1

6.7

2004

44.0

9.4

27.4

12.3

6.9

2005

41.6

10.4

28.6

12.4

6.9

2006

38.3

11.7

31.5

11.9

6.6

2007

36.5

13.3

30.8

12.6

6.8

2008

35.5

14.5

30.7

12.2

7.0

2009

34.8

13.3

33.3

12.0

6.7

2010

32.2

13.0

35.4

12.9

6.4

2011

30.8

13.9

35.4

12.7

7.2

annuities and pension insurance1

share as %3

* life insurance incl. Pensionskassen and pension funds; the GDV statistics currently cover 25 intercompany Pensionskassen and 17 pension funds (mostly new institutions established by insurers) 1 incl. occupational disability and long-term care insurance 2 from 2004 supplementary insurance of Pensionskassen on a pro rata basis 3 in terms of written gross premiums of direct business Source: GDV

33

Life insurance premiums* – regular and single premiums** year

regular premiums1

in EUR bn

change against previous year as %

single premiums2

in EUR bn

change against previous year as %

total3

in EUR bn

share of single premiums2

change against previous year as %

as %

1976

8.604

8.3

0.364

34.2

8.970

9.2

4.1

1977

9.426

9.5

0.576

58.5

10.004

11.5

5.8

1978

10.434

10.7

0.515

-10.6

10.951

9.5

4.7

1979

11.559

10.8

0.589

14.3

12.150

11.0

4.8

1980

12.634

9.3

0.579

-1.7

13.215

8.8

4.4

1981

13.701

8.4

0.591

2.1

14.294

8.2

4.1

1982

14.553

6.2

0.647

9.5

15.202

6.4

4.3

1983

15.487

6.4

1.144

76.8

16.633

9.4

6.9

1984

16.487

6.5

0.844

-26.2

17.333

4.2

4.9

1985

17.557

6.5

0.827

-2.1

18.386

6.1

4.5

1986

18.724

6.6

0.945

14.3

19.669

7.0

4.8

1987

20.011

6.9

1.211

28.1

21.222

7.9

5.7

1988

21.636

8.1

1.466

21.0

23.102

8.9

6.3

1989

23.594

9.0

1.433

-2.3

25.027

8.3

5.7

1990

26.022

10.3

1.381

-3.6

27.403

9.5

5.0

1991

29.653

14.0

1.445

4.6

31.098

13.5

4.6

1992

32.620

10.0

1.869

29.3

34.489

10.9

5.4

1993

35.724

9.5

2.790

49.3

38.514

11.7

7.2

1994

39.019

9.2

3.398

21.8

42.416

10.1

8.0

1995

41.223

5.6

3.978

17.1

45.201

6.6

8.8 8.6

1996

43.394

5.3

4.100

3.0

47.494

5.1

19974

46.089

4.6

4.411

7.1

50.500

4.8

8.7

1998

47.556

3.2

4.949

12.2

52.505

4.0

9.4

1999

51.501

8.3

7.248

46.5

58.749

11.9

12.3

2000

54.444

5.7

6.781

-6.4

61.225

4.2

11.1

2001

55.714

2.3

6.674

-1.6

62.387

1.9

10.7

2002

57.895

3.9

7.122

6.7

65.018

4.2

11.0

2003

59.374

2.6

8.244

15.8

67.618

4.0

12.2

2004

60.673

2.2

7.726

-6.3

68.399

1.2

11.3

2005

63.419

4.5

9.217

19.3

72.636

6.2

12.7

2006

63.125

-0.5

11.747

27.5

74.872

3.1

15.7

2007

63.345

0.4

12.089

2.9

75.434

0.8

16.0

2008

63.643

0.5

12.663

4.8

76.306

1.2

16.6

2009

61.449

-3.4

19.922

57.3

81.371

6.6

24.5

2010

60.539

-1.5

26.620

33.6

87.159

7.1

30.5

2011

61.104

0.9

22.084

-17.0

83.188

-4.6

26.5

* without Pensionskassen and pension funds ** in each case written gross premiums without premiums resulting from bonus and rebate provisions 1 until 2003 incl. single premiums from supplementary insurance 2 until 2003 only single premiums under main insurance contracts 3 until 1986 incl. additional charges of policyholders 4 as at 1 January 1998 a major insurance portfolio was transferred from a non-member to a member company, the 1997 reference figures have been adjusted accordingly, the growth rate refers to gross premiums in 1997 without portfolio transfer Source: GDV

34

Life insurance premiums* – by type of business

year

endowment insurance

unit-linked endowment and annuity insurance

group insurance2

supplementary insurance

1976

84.7

0.5

1977

84.7

0.5

4.1

6.7

4.0

3.9

6.8

1978

84.1

4.1

0.4

3.9

7.4

1979

4.2

84.3

0.4

3.7

7.2

4.4

1980

83.9

0.4

3.7

7.5

4.5

1981

83.8

0.4

3.5

7.6

4.7

1982

83.5

0.4

3.7

7.6

4.8

1983

81.1

0.3

6.6

7.2

4.8

1984

83.1

0.4

4.1

7.3

5.1

1985

83.3

0.3

4.0

7.1

5.3

1986

83.0

0.3

4.2

7.1

5.4

1987

82.4

0.5

4.7

7.0

5.4

1988

81.8

0.6

5.1

7.1

5.4

1989

82.2

0.7

4.7

7.0

5.4

1990

82.0

1.0

4.8

6.8

5.4

1991

81.4

1.4

5.1

6.7

5.4

1992

79.5

1.7

6.8

6.7

5.3

1993

76.1

1.9

10.1

6.7

5.2

1994

72.5

2.0

12.4

7.9

5.2

1995

70.0

2.2

14.0

8.6

5.2

1996

68.4

2.5

14.7

9.1

5.3

19974

66.2

2.4

16.4

9.6

5.4

1998

63.4

2.9

18.1

10.1

5.5

1999

57.7

3.7

22.8

10.4

5.4

2000

55.6

5.7

22.1

11.1

5.5

2001

52.7

7.3

22.4

11.5

6.1

2002

49.8

8.2

23.6

11.8

6.6

2003

47.0

8.6

24.4

13.3

6.7

2004

45.3

9.6

25.5

12.6

7.0

2005

43.1

10.8

26.2

12.8

7.1

2006

40.1

12.3

28.4

12.4

6.8

2007

38.3

13.9

27.6

13.2

7.0

2008

37.0

15.1

27.9

12.8

7.2

2009

36.5

13.9

30.1

12.6

6.9

2010

33.5

13.4

33.2

13.3

6.6

2011

32.2

14.5

32.7

13.2

7.4

annuities and pension insurance1

share as %3

* without Pensionskassen and pension funds 1 incl. occupational disability and long-term care insurance 2 from 1994 group insurance includes individual policies subject to a rebate which previously were recorded under the heading of individual endowment insurance 3 in terms of written gross premiums of direct business 4 as at 1 January 1998 a major insurance portfolio was transferred from a non-member to a member company, the 1997 reference figures have been adjusted accordingly; a comparison with 1996 figures is not meaningful Source: GDV

35

New business in life insurance* by type of business 1995

2000

2005

2009

2010

2011

567.0

numbers in 1,000 individual insurance contracts endowment insurance unit-linked endowment insurance1 unit-linked annuities

2,768.5

1,486.5

962.4

562.8

561.3

220.1

1,281.7

391.8

169.7

156.7

140.8

°

°

857.0

1,135.5

982.0

937.7

term insurance

603.9

649.4

738.7

732.8

706.0

689.5

annuities and pension insurance

727.7

961.8

1,868.7

1,370.1

1,506.1

1,573.7

occupational disability insurance

458.6

38.8

184.4

323.6

374.0

403.3

long-term care insurance

4.2

0.1

5.3

11.7

14.0

17.0

other individual insurance2

6.8

6.1

73.0

244.2

309.1

311.2

group insurance contracts endowment insurance

473.9

468.3

391.8

183.8

180.9

168.1

term insurance linked to building loans

585.9

544.3

290.2

285.0

239.8

232.2

1,183.7

1,481.2

1,103.5

670.6

517.4

568.8

140.2

238.0

331.0

405.1

554.2

644.9

6,753.7

7,301.8

7,337.0

6,145.4

6,130.8

6,309.6

9.0

residual debt insurance other group insurance total of new business

share as % individual insurance contracts endowment insurance unit-linked endowment insurance1 unit-linked annuities term insurance annuities and pension insurance

41.0

20.3

13.1

9.1

9.2

3.2

17.5

5.3

2.8

2.6

2.2

°

°

11.7

18.5

16.0

14.9

8.9

8.9

10.1

11.9

11.5

10.9

10.8

13.2

25.5

22.3

24.6

24.9

occupational disability insurance

0.6

2.5

4.4

6.1

6.6

7.3

long-term care insurance

0.1

0.0

0.1

0.2

0.2

0.3

0.1

0.1

0.9

4.0

5.0

4.9

other individual insurance2

group insurance contracts endowment insurance

7.0

6.4

5.3

3.0

3.0

2.7

term insurance linked to building loans

8.7

7.5

4.0

4.6

3.9

3.7

residual debt insurance

17.5

20.3

15.1

10.9

8.4

9.0

other group insurance

2.1

3.3

4.5

6.6

9.0

10.2

100.0

100.0

100.0

100.0

100.0

100.0

total of new business

* without Pensionskassen and pension funds; policies with first premium paid 1 1995 and 2000 incl. unit-linked annuities 2 life insurance contracts without profit participation, tontine and capital redemption operations a.o. Source: GDV

36 year

Riester pensions* – business in force and new business number of contracts

regular premium for one year

in 1,000

sum insured or 12 times the amount of the annual pension in EUR m

business in force 2001

415.8

86.7

2,631.0

2002

2,936.8

465.7

14,410.4

2003

3,352.0

532.8

16,593.6

2004

3,472.6

950.0

24,832.5

2005

4,418.7

1,291.5

32,593.0

2006

6,245.9

2,503.3

58,809.1

2007

8,042.0

3,333.3

77,114.6

2008

9,131.3

4,628.1

104,875.5

2009

9,825.8

5,041.0

113,515.4

2010

10,318.6

5,025.6

122,269.6

2011

10,818.6

5,351.9

132,328.3

change against previous year as % 2003

14.1

14.4

15.2

2004

3.6

78.3

49.7

2005

27.2

36.0

31.3

2006

41.4

93.8

80.4

2007

28.8

33.2

31.1

2008

13.5

38.8

36.0

2009

7.6

8.9

8.2

2010

5.0

-0.3

7.7

2011

4.8

6.5

8.2 12,886.4

new business1 2002

2,569.8

420.8

2003

521.4

121.3

3,494.2

2004

295.8

533.5

11,624.2

2005

1,119.1

450.6

10,150.3

2006

2,012.0

1,392.5

30,663.3

2007

2,067.1

1,101.3

24,600.5

2008

1,569.8

1,887.4

40,217.1

2009

1,159.8

987.0

21,514.9

2010

981.6

817.1

20,864.4

2011

946.4

829.6

21,595.9

* life insurance policies eligible for subsidy under section 82(1) and (2) EStG 1 policies with first premium paid; regular premium for one year and sum insured including adjustments of contracts in force on account of increase in state subsidy (2004, 2006, 2008) Source: GDV

Basisrenten* – business in force and new business year

number of contracts

regular premium for one year

in 1,000

37

sum insured or 12 times the amount of the annual pension in EUR m

business in force 2005

147.8

219.8

3,832.6

2006

295.8

542.4

8,829.0

2007

608.1

1,255.8

2,431.5

2008

862.8

1,762.9

30,375.3

2009

1,080.0

2,122.0

36,354.0

2010

1,277.2

2,416.8

41,775.2

2011

1,486.1

2,757.9

47,630.3

change against previous year as % 2006

100.1

146.8

130.4

2007

105.6

131.5

131.4

2008

41.9

40.4

48.7

2009

25.2

20.4

19.7

2010

18.3

13.9

14.9

2011

16.4

14.1

14.0

2005

153.2

221.2

3,885.5

2006

173.7

358.9

5,769.9

2007

317.8

730.4

11,675.4

new business1

2008

284.3

657.6

11,371.6

2009

234.1

542.1

9,365.2

2010

218.2

517.2

8,751.9

2011

211.3

548.1

9,011.0

* life insurance policies eligible for tax breaks under section 10(1) para. 2b EStG 1 policies with first premium paid Source: GDV

38

Occupational pensions: direct insurance and reinsurance business in force direct insurance contracts sum insured in EUR bn

reinsurance contracts

year

numbers in m

numbers in m

sum insured in EUR bn

1974

1.34

7.13

°

°

1980

2.41

27.91

°

°

1990

3.83

67.86

°

°

1991

4.14

76.88

°

°

1992

4.43

88.03

°

°

1993

4.64

95.92

°

°

1994

4.78

102.79

°

°

1995

4.68

104.55

°

°

1996

5.12

117.69

°

°

1997

5.26

122.60

1.11

50.49

1998

5.39

129.68

1.08

53.96

1999

5.73

143.27

1.14

58.34

2000

5.80

148.01

1.33

66.12

2001

5.90

151.50

1.50

77.20 86.31

2002

5.83

153.15

1.80

2003

5.82

153.73

2.03

89.55

2004

5.94

158.39

2.18

91.03

2005

5.86

157.01

2.27

92.02

2006

6.02

162.47

2.36

91.11 95.06

2007

6.17

166.78

2.37

2008

6.40

173.35

2.50

97.65

2009

6.58

178.36

2.61

100.34

2010

6.75

183.38

2.76

104.29

2011

7.11

192.87

2.86

109.02

Source: GDV

39

Supplementary insurance business in force in life insurance* year

number of contracts in m (share as %) total

supplementary accident insurance

supplementary disability insurance

supplementary term insurance

other ­supplementary insurance

1990

39.2

29.1

(74.2)

8.5

(21.6)

0.7

(1.8)

0.9

(2.4)

1995

39.8

25.9

(65.0)

10.6

(26.5)

1.3

(3.4)

2.0

(5.1)

1996

39.2

24.8

(63.3)

10.7

(27.3)

1.4

(3.7)

2.3

(5.7)

1997

41.2

25.8

(62.6)

11.2

(27.2)

1.8

(4.3)

2.4

(5.9)

1998

40.3

24.3

(60.4)

11.6

(28.7)

1.8

(4.5)

2.6

(6.4)

1999

40.2

22.7

(56.6)

12.8

(31.8)

1.9

(4.7)

2.8

(6.9)

2000

39.1

21.2

(54.3)

12.9

(33.0)

2.0

(5.1)

3.0

(7.6)

2001

39.0

19.9

(51.1)

13.8

(35.3)

2.1

(5.4)

3.2

(8.2)

2002

38.5

18.6

(48.4)

14.2

(36.9)

2.0

(5.2)

3.7

(9.5)

2003

38.2

17.4

(45.6)

14.8

(38.8)

2.2

(5.6)

3.8

(10.0)

2004

37.8

16.1

(42.6)

15.4

(40.7)

2.5

(6.7)

3.8

(10.0)

2005

36.6

15.0

(40.9)

15.2

(41.6)

2.7

(7.3)

3.7

(10.2)

2006

35.5

13.9

(39.2)

15.1

(42.6)

2.8

(7.9)

3.7

(10.3)

2007

34.3

12.9

(37.7)

14.9

(43.4)

3.0

(8.6)

3.5

(10.3) (10.0)

2008

32.7

11.9

(36.5)

14.5

(44.3)

3.0

(9.2)

3.3

2009

31.2

11.0

(35.3)

14.1

(45.3)

3.0

(9.7)

3.0

(9.7)

2010

30.0

10.2

(34.1)

13.8

(46.0)

3.1

(10.2)

2.9

(9.7)

2011

29.4

9.5

(32.2)

13.8

(47.1)

3.1

(10.5)

3.0

(10.2)

year

sum insured in EUR bn (share as %) total

supplementary accident insurance

supplementary disability insurance

supplementary term insurance

other ­supplementary insurance

1990

629.0

290.6

(46.2)

310.4

(49.3)

11.8

(1.9)

16.2

(2.6)

1995

899.0

329.5

(36.6)

491.5

(54.7)

27.8

(3.1)

50.2

(5.6)

1996

942.1

328.2

(34.8)

524.0

(55.7)

31.4

(3.3)

58.4

(6.2)

1997

1,004.4

334.4

(33.3)

571.1

(56.9)

35.6

(3.5)

63.3

(6.3)

1998

1,041.6

329.5

(31.6)

607.6

(58.3)

37.4

(3.6)

67.1

(6.5)

1999

1,119.2

327.3

(29.3)

673.0

(60.1)

43.4

(3.9)

75.5

(6.7)

2000

1,143.0

314.4

(27.5)

704.9

(61.7)

42.7

(3.7)

81.0

(7.1)

2001

1,222.3

302.2

(24.7)

790.2

(64.7)

44.0

(3.6)

85.9

(7.0)

2002

1,282.1

289.8

(22.6)

846.4

(66.0)

44.9

(3.5)

101.0

(7.9)

2003

1,347.7

281.7

(20.9)

909.5

(67.5)

49.0

(3.6)

107.5

(8.0)

2004

1,403.7

271.9

(19.4)

968.9

(69.0)

56.0

(4.0)

106.9

(7.6)

2005

1,391.5

259.0

(18.6)

970.5

(69.8)

57.5

(4.1)

104.5

(7.5)

2006

1,394.5

246.6

(17.7)

989.8

(71.0)

58.5

(4.2)

99.6

(7.1)

2007

1,388.1

235.4

(16.9)

1,003.4

(72.3)

59.7

(4.3)

89.6

(6.5)

2008

1,368.1

224.2

(16.4)

1,002.2

(73.2)

59.6

(4.4)

82.1

(6.0)

2009

1,357.9

211.5

(15.6)

1,013.3

(74.6)

58.3

(4.3)

74.8

(5.5)

2010

1,371.0

202.2

(14.8)

1,023.6

(74.7)

59.2

(4.3)

86.0

(6.2)

2011

1,387.9

192.6

(13.9)

1,040.4

(74.9)

59.5

(4.3)

95.4

(6.9)

* without Pensionskassen and pension funds Source: GDV

40 year

Benefits in life insurance* benefits, total

in EUR m

cash benefits paid to policy holders

change against previous year as %

in EUR m

increase in liabilities towards policyholders

change against previous year as %

in EUR m

1985

25,182

9.9

11,295

8.7

13,887

1990

34,909

2.9

17,888

11.1

17,021

1991

39,598

13.4

20,004

11.8

19,594

1992

44,701

12.9

21,785

8.9

22,916

1993

50,368

12.7

24,320

11.6

26,048

1994

55,026

9.2

27,685

13.8

27,341

1995

61,743

12.2

30,817

11.3

30,926

1996

65,863

6.7

33,269

8.0

32,594

19971

71,134

x

36,960

x

34,174

1998

76,835

8.0

40,226

8.8

36,609

1999

84,050

9.4

44,442

10.5

39,608

2000

88,080

4.8

49,405

11.2

38,675

2001

81,260

-7.7

52,340

5.9

28,920

2002

75,184

-7.5

56,244

7.5

18,940

2003

84,709

12.7

65,233

16.0

19,476

2004

81,622

-3.6

64,418

-1.2

17,204

2005

94,624

15.9

64,007

-0.6

30,617

2006

95,378

0.8

66,462

3.8

28,916 24,708

2007

90,869

-4.7

66,161

-0.5

2008

70,779

-22.1

71,876

8.6

-1,097

2009

104,646

47.8

71,195

-0.9

33,451

2010

107,361

2.6

71,915

1.0

35,446

2011

92,239

-14.1

84,328

17.3

7,911

average annual rates of change as % 1985–1990

6.8

x

9.6

x

x

1990–2000

9.7

x

10.7

x

x

2000–2010

2.1

x

3.9

x

x

* without Pensionskassen and pension funds 1 as at 1 January 1998 a major insurance portfolio was transferred from a non-member to a member company, the 1997 reference figures have been adjusted accordingly; a comparison with 1996 figures is not meaningful Source: GDV

41

Cash benefits paid in life insurance* breakdown of cash benefits

2010

2011

in EUR m share as % in EUR m share as %

change against previous year as %

total expenditures on benefits paid

50,422.2

70.1

61,662.4

73.2

22.3

capital sums payable under main insurance contracts

41,084.6

57.1

52,481.3

62.3

27.7

3,731.6

9.1

3,897.6

7.4

4.4

142.3

0.3

165.4

0.3

16.3

37,210.7

90.6

48,418.3

92.3

30.1

5,343.1

7.4

5,712.8

6.8

6.9

193.1

0.3

195.7

0.2

1.4

1,977.4

2.8

2,019.4

2.4

2.1

due as a result of death disability, marriage or other events maturity annuities payable under main contracts capital sums payable under supplementary contracts annuities payable under supplementary contracts other expenditure on insurance benefits benefits paid prior to maturity profit shares distributed1 total of cash benefits paid to policyholders

1,824.0

2.5

1,253.2

1.5

-31.3

12,990.0

18.1

13,950.5

16.5

7.4

8,502.7

11.8

8,715.0

10.3

2.5

71,914.9

100.0

84,327.9

100.0

17.3

* without Pensionskassen and pension funds 1 distributed profit shares, terminal bonuses, supplementary death benefits and similar benefit components, unless already included into the headings mentioned above, e.g. when profit shares are used to increase the sum insured Source: GDV

42

Investment portfolio of life insurance companies* – in absolute figures

type of investment

2007

2008

2009

2010

2011

573.0

588.2

616.3

639.6

663.2

56.5

54.0

52.2

50.6

49.6

171.3

172.4

181.3

181.3

189.8

107.7

107.6

103.1

95.9

105.0

54.0

54.1

67.4

73.0

73.4

loans to companies

3.4

4.8

5.7

6.9

6.3

policy loans

5.2

5.5

5.0

4.9

4.6

in EUR bn1 bonds and debentures mortgages loans loans to credit institutions loans to states

other mortgage bonds government bonds

1.1

0.4

0.2

0.6

0.5

178.3

173.4

181.3

179.1

176.6

20.9

16.8

20.7

25.9

27.3

8.1

10.2

10.3

12.0

11.8

bonds and debentures included in funds

96.6

118.7

129.9

149.4

156.4

subordinated loans and profit participation rights

22.6

20.6

18.1

17.6

16.1

7.8

9.7

9.2

8.5

12.1

10.8

12.5

13.2

15.2

23.5

59.4

32.2

22.5

23.4

21.2

directly held

9.7

7.0

4.2

3.7

2.4

held in funds

49.7

25.2

18.3

19.7

18.8

participating interests

16.6

17.8

16.7

17.2

18.5

real estate

23.8

23.6

23.9

25.4

27.2

directly held

15.7

15.1

14.8

16.1

18.5

held in funds

8.1

8.5

9.1

9.3

8.7

other investments

23.6

27.4

28.0

28.7

12.5

696.5

689.1

707.4

734.4

742.7

corporate bonds

call money, time and fixed deposits other bonds and debentures shares

total for information: equity capital liabilities towards policyholders3 net return on investment as %

11.72

12.0

11.2

11.6

12.0

668.6

677.0

697.0

721.6

730.6

4.7

3.5

4.2

4.3

4.1

* without Pensionskassen and pension funds; as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by policyholders (in particular from unit-linked insurance) 2 not comparable to previous year’s figure; decrease in equity capital is due to change in reporting standards in accordance with the German Accounting Law Modernisation Act 3 without liabilities where the investment risk is carried by policyholders (in particular from unitlinked insurance) Source: BaFin; GDV

42

Investment portfolio of life insurance companies* – in percentages type of investments

2007

2008

2009

2010

2011

82.3

85.3

87.1

87.1

89.3

8.1

7.8

7.4

6.9

6.7

24.6

25.0

25.6

24.7

25.6 14.1

as %1 bonds and debentures mortgages loans

15.5

15.6

14.6

13.1

loans to states

loans to credit institutions

7.7

7.8

9.5

9.9

9.9

loans to companies

0.5

0.7

0.8

0.9

0.8

policy loans

0.7

0.8

0.7

0.7

0.6

other

0.2

0.1

0.0

0.1

0.1 23.8

mortgage bonds

25.6

25.2

25.6

24.4

government bonds

3.0

2.4

2.9

3.5

3.7

corporate bonds

1.2

1.5

1.5

1.6

1.6

13.9

17.2

18.4

20.3

21.1

bonds and debentures included in funds subordinated loans and profit participation rights

3.2

3.0

2.6

2.4

2.2

call money, time and fixed deposits

1.1

1.4

1.3

1.2

1.6

other bonds and debentures

1.5

1.8

1.9

2.1

3.2

8.5

4.7

3.2

3.2

2.9

directly held

1.4

1.0

0.6

0.5

0.3

held in funds

shares

7.1

3.7

2.6

2.7

2.5

participating interests

2.4

2.6

2.4

2.3

2.5

real estate

3.4

3.4

3.4

3.5

3.7

directly held

2.3

2.2

2.1

2.2

2.5

held in funds

1.2

1.2

1.3

1.3

1.2

other investments

3.4

4.0

4.0

3.9

1.7

100.0

100.0

100.0

100.0

100.0

total

* without Pensionskassen and pension funds; as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover and investments where the investment risk is carried by policyholders (in particular from unit-linked insurance) Source: BaFin; GDV

43

Long-term business development of Pensionskassen* 1970

written gross premiums (EUR m) gross claims incurred (EUR m) investment portfolio (EUR bn)2

1980

1990

20001

2005

539.6

1,496.3

2,866.0

1,952.3

5,376.4

328.3

689.7

2,046.2

2,431.0

3,113.8

°

16.5

35.2

69.0

86.3

1,922.5

2,202.2

2,556.8

2,402.2

5,473.9

262.0

387.3

615.7

906.2

1,038.1

91.1

109.6

107.5

134.4

139.1

pension insurance contracts in force (numbers in 1,000)2 future beneficiaries disabled and old age pensioners surviving dependants

2006

2007

2008

2009

2010

written gross premiums (EUR m)

5,571.1

5,435.9

6,128.7

5,897.9

5,858.5

gross claims incurred (EUR m)

3,245.7

3,380.3

3,565.7

3,675.3

3,657.9

investment portfolio (EUR bn)2

92.2

98.4

103.1

107.3

108.9

pension insurance contracts in force (numbers in 1,000)2 future beneficiaries

5,746.3

5,994.2

6,167.3

6,336.2

6,536.7

disabled and old age pensioners

1,045.7

1,056.5

1,065.8

1,051.4

1,039.5

141.9

144.7

147.6

140.9

139.8

surviving dependants

* Pensionskassen under federal supervision 1 the figures for the years from 2000 are not comparable to figures for previous years (in particular due to changes regarding the companies included in the statistics) 2 as per end of year Source: BaFin

Health insurance companies* by legal form** year

joint stock c­ ompanies

mutual insurance associations1

insurance institutions under public law

44 other2

numbers 1960

7

90





1970

8

57





1980

10

39





1990

18

37

1



1995

28

29





1996

28

29





1997

28

27





1998

30

27





1999

30

24





2000

31

24





2001

31

24





2002

30

23





2003

31

23





2004

30

23





2005

29

23





2006

27

23





2007

28

23





2008

27

23





2009

28

23





2010

25

23





1960

33.7

66.3





1970

39.4

60.6





market share as %3

1980

43.3

56.7





1990

46.1

49.9

4.0



1995

50.4

49.6





1996

50.4

49.6





1997

50.8

49.2





1998

51.1

48.9





1999

52.3

47.7





2000

53.0

47.0





2001

54.3

45.7





2002

53.3

46.7





2003

55.4

44.6





2004

54.9

45.1





2005

54.9

45.1





2006

54.6

45.4





2007

55.1

44.9





2008

56.8

43.2





2009

56.9

43.1





2010

57.0

43.0





* insurance companies under German supervision carrying on actual business, without small mutual insurance associations under Land supervision mostly limited to a particular region, until 1980 only insurance companies under federal supervision ** joint stock companies that due to ownership structure are part of the public sector and joint stock companies whose shareholders are mutual insurance associations are included in joint stock companies 1 incl. small mutual insurance associations registered under section 53 VAG 2 mostly German establishments of foreign-based insurance companies, from 1995 without establishments of insurance companies based inside the EEA 3 share of legal form in gross premiums; until 1980 written gross premiums, from 1990 earned gross Source: BaFin premiums

45

Business development in health insurance

year

premium income1 total

health ­insurance

insurance portfolio

compulsory long-term care ­insurance

insured persons in comprehensive health insurance

in EUR m

insured persons in compulsory long-term care ­insurance

supplementary contracts

numbers in 1,000

1985

6,573

6,573

°

5,241

°

4,318

1990

9,546

9,546

°

6,614

°

5,178

1995

16,408

15,155

1,253

6,945

7,912

°

1996

17,518

15,821

1,697

6,946

7,926

11,549

1997

18,558

16,391

2,167

7,065

8,008

13,142

1998

19,320

17,171

2,149

7,206

8,131

13,942

1999

19,910

17,935

1,975

7,356

8,226

13,736

2000

20,712

18,703

2,009

7,494

8,365

13,824

2001

21,718

19,763

1,955

7,710

8,619

13,913

2002

23,082

21,097

1,985

7,924

8,827

14,160

2003

24,741

22,893

1,848

8,110

8,999

14,687

2004

26,413

24,542

1,871

8,259

9,118

15,897

2005

27,348

25,480

1,868

8,373

9,164

17,087

2006

28,483

26,612

1,871

8,489

9,277

18,400

2007

29,461

27,578

1,883

8,549

9,320

20,009

2008

30,331

28,360

1,970

8,639

9,374

20,983

2009

31,468

29,394

2,074

8,811

9,534

21,478

2010

33,270

31,174

2,096

8,896

9,593

21,969

20112

34,685

32,580

2,105

8,976

9,667

22,511

change against previous year as % 1996

6.8

4.4

35.4

0.0

0.2

°

1997

5.9

3.6

27.7

1.7

1.0

13.8

1998

4.1

4.8

-0.8

2.0

1.5

6.1

1999

3.1

4.4

-8.1

2.1

1.2

-1.5

2000

4.0

4.3

1.7

1.9

1.7

0.6

2001

4.9

5.7

-2.7

2.9

3.0

0.6

2002

6.3

6.7

1.5

2.8

2.4

1.8

2003

7.2

8.5

-6.9

2.3

1.9

3.7

2004

6.8

7.2

1.2

1.8

1.3

8.2

2005

3.5

3.8

-0.2

1.4

0.5

7.5

2006

4.2

4.4

0.2

1.4

1.2

7.7

2007

3.4

3.6

0.6

0.7

0.5

8.7

2008

3.0

2.8

4.6

1.1

0.6

4.9

2009

3.8

3.6

5.6

2.0

1.7

2.4

2010

5.7

6.1

1.1

1.0

0.6

2.3

20112

4.3

4.5

0.4

0.9

0.8

2.5

average annual rates of change as % 1985–1990

7.7

7.7

°

4.8

°

3.7

1990–2000

8.1

7.0

9.93

1.3

1.13

10.3

2000–2010

4.9

5.2

0.4

1.7

1.4

4.7

1 written gross premiums 2 provisional figures 3 1995–2000 Source: PKV

46

Premium income in health insurance by type of insurance* year

total health insurance

comprehensive health insurance

daily benefits insurance

hospital daily benefits insurance

supplementary health insurance1

special suppletypes of mentary insurance2 long-term care ­insurance3

in EUR m 1985

6,573

4,173

516

648

1,236

°

°

1990

9,546

6,435

725

767

1,619

°

°

1995

15,155

10,878

864

810

2,603

°,

°

1997

16,391

11,692

845

780

2,694

381

°

1998

17,171

12,291

869

767

2,855

389

°

1999

17,935

13,008

881

795

2,843

408

°

2000

18,703

13,722

896

778

2,858

449

°

2001

19,763

14,682

936

768

2,914

463

°

2002

21,097

15,891

977

755

2,989

485

°

2003

22,893

17,523

1,026

767

3,077

501

°

2004

24,542

18,907

1,057

777

3,282

519

°

2005

25,480

19,665

1,047

751

3,285

562

170

2006

26,612

20,510

1,042

727

3,520

608

205

2007

27,578

21,209

1,040

699

3,724

646

260

2008

28,360

21,790

1,000

645

3,931

672

322

2009

29,394

22,564

1,010

629

4,121

690

380

2010

31,174

24,072

1,019

611

4,338

696

439

20114

32,580

25,195

1,065

595

4,530

700

495

1997

3.6

4.1

1.1

-1.4

3.1

10.8

°

1998

4.8

5.1

2.8

-1.7

6.0

2.1

°

1999

4.4

5.8

1.4

3.7

-0.4

4.9

°

2000

4.3

5.5

1.7

-2.1

0.5

10.0

°

2001

5.7

7.0

4.5

-1.3

2.0

3.1

°

2002

6.7

8.2

4.4

-1.7

2.6

4.8

°

2003

8.5

10.3

5.0

1.6

2.9

3.3

°

2004

7.2

7.9

3.0

1.3

6.7

3.6

°

2005

3.8

4.0

-0.9

-3.3

0.1

8.3

°

2006

4.4

4.3

-0.5

-3.2

7.2

8.2

20.6

2007

3.6

3.4

-0.2

-3.9

5.8

6.3

26.8

2008

2.8

2.7

-3.8

-7.7

5.6

4.0

23.8

2009

3.6

3.6

1.0

-2.5

4.8

2.7

18.0

2010

6.1

6.7

0.9

-2.9

5.3

0.9

15.5

20114

4.5

4.7

4.5

-2.6

4.4

0.6

12.8

1985–1990

7.7

9.0

7.0

3.4

5.5

1990–2000

7.0

7.9

2.1

0.1

5.8

6.95

2000–2010

5.2

5.8

1.3

-2.4

4.3

4.5

change against previous year as %

average annual rates of change as % °

° ° 20.96

* without compulsory long-term care insurance 1 from 2005 new types of insurance (previous years: other independent partial insurance); not comparable with previous years 2 insurance as a substitute for the state health scheme for civil servants, residual debt insurance, salary continuation insurance, foreign travel health insurance, international health insurance; until 1995 included in the other types of insurance; from 2005 also incl. segmental insurances (Ausschnittsversicherungen) 3 until 2004 included in supplementary health insurance 4 provisional figures 5 1996–2000 6 2005–2010 Source: PKV

47 year

Business in force* in health insurance

persons insurance of daily benefits outwith optional benefits in ­insurance patient comprehospital supplehensive persons persons persons persons mentary cover insurwith with with with ance1 compre- supple- compre- supplehensive mentary hensive mentary cover cover cover cover

supple- compulmentary sory longlongterm term care in- care insurance surance

foreign travel health insurance2

numbers in 1,000 1983

5,077

4,657

3,171

°

°

°

°

°

°

1984

5,141

4,781

3,266

°

°

°

°

°

°

1985

5,241

4,809

3,406

°

°

°

10

°

8,702

1986

5,362

5,006

3,537

761

399

°

26

°

9,321

1987

5,632

5,097

3,613

847

382

°

46

°

10,352

1988

5,877

5,259

3,723

948

390

°

54

°

12,682

1989

6,410

5,999

3,732

1,099

405

°

76

°

16,829

1990

6,614

6,207

3,853

1,195

444

°

103

°

16,521

19913

6,333

5,839

4,001

1,291

489

°

133

°

19,003

1992

6,686

6,036

4,194

1,382

528

°

195

°

21,064

1993

6,829

6,234

4,302

1,419

568

°

298

°

23,335

1994

6,934

6,274

4,373

1,388

615

1,089

316

°

24,357

1995

6,945

6,234

4,296

1,393

632

1,484

380

7,912

21,608

1996

6,946

6,085

4,337

1,379

648

1,647

405

7,926

22,629

19974

7,065

6,257

4,359

1,460

771

3,428

412

8,008

22,977

1998

7,206

6,318

4,381

1,537

804

4,526

543

8,131

23,041

1999

7,356

6,417

4,362

1,609

929

4,359

570

8,226

23,352

2000

7,494

6,516

4,394

1,703

920

4,416

605

8,365

25,425

20015

7,710

6,747

4,453

1,793

989

4,608

656

8,619

27,146

2002

7,924

6,968

4,473

1,898

1,044

4,793

690

8,827

26,824

2003

8,110

7,102

4,715

1,953

1,174

5,094

750

8,999

26,603

2004

8,259

7,117

4,804

1,980

1,263

6,181

787

9,118

26,576

2005

8,373

7,206

5,040

2,012

1,225

5,038

833

9,164

20,328

2006

8,489

7,206

5,097

2,036

1,301

5,892

989

9,277

21,136

2007

8,549

7,215

5,168

2,029

1,342

6,347

1,174

9,320

22,513

2008

8,639

7,218

5,383

2,029

1,375

6,628

1,316

9,373

23,763

2009

8,811

7,300

5,565

2,055

1,396

6,762

1,501

9,534

24,771

2010

8,896

7,299

5,644

2,046

1,491

7,443

1,700

9,593

24,542

20116

8,976

7,322

5,727

2,073

1,523

7,679

1,883

9,667

24,490

* persons insured as per end of year, in foreign travel health insurance persons insured during the year 1 until 2004 persons insured in out-patient tariffs including dental benefits 2 from 2005 change of counting method; about 6.5 m persons insured included in the new insurance type “special segmental insurance” 3 from 1991 comparability with previous years restricted due to a change in the survey basis; elimination of double counts, net new business in 1991: persons with comprehensive cover: 262,000 persons, insurance of optional benefits in hospital: 209,000 persons 4 change in counting method and delimitation, change in 1997: persons with comprehensive cover: +104,000, persons with supplementary cover: -150,000 5 change in counting method, change in 2001 long-term care insurance: +202,500 6 provisional figures Source: PKV

48

Insurance benefits in health insurance* year

total benefits

change against previous year as %

expenditure in respect of claims

premium refunds

allocation to ageing reserve

in EUR m 1950

174

°

174

°

°

1960

482

°

452

30

°

1970

1,541

°

1,397

144

°

1980

4,592

°

3,696

279

616

1990

9,504

°

7,325

584

1,595

1991

10,656

12.1

8,106

678

1,872

1992

11,655

9.4

8,886

785

1,984

1993

13,389

14.9

9,625

1,319

2,445

1994

14,715

9.9

10,231

1,574

2,910

1995

16,804

14.2

10,981

2,038

3,785

1996

19,103

13.7

11,309

2,888

4,906

1997

20,352

6.5

12,098

2,847

5,407

1998

21,714

6.7

12,546

3,236

5,932

1999

23,895

10.0

13,075

3,296

7,525

2000

24,087

0.8

13,815

2,861

7,410

2001

25,744

6.9

14,770

2,305

8,669

2002

25,191

-2.1

15,449

1,660

8,082

2003

27,246

8.2

16,041

2,381

8,824

2004

28,562

4.8

16,655

3,234

8,673

2005

30,455

6.6

17,451

3,444

9,560

2006

31,758

4.3

18,034

3,662

10,062

2007

33,006

3.9

19,108

3,686

10,212

2008

33,648

1.9

20,422

2,493

10,734

2009

35,191

4.6

21,333

2,914

10,945

2010

38,612

9.7

22,172

3,760

12,681

average annual rates of change as % 1950–1960

10.7

x

10.0

°

°

1960–1970

12.3

x

11.9

17.0

°

1970–1980

11.5

x

10.2

6.8

°

1980–1990

7.5

x

7.1

7.7

10.0

1990–2000

9.7

x

6.6

17.2

16.6

2000–2010

4.8

x

4.7

2.8

5.5

* incl. compulsory long-term care insurance Source: until 1980 BaFin; from 1990 PKV

49 year

Insurance benefits paid in health insurance by type of insurance total benefits paid

of which: medical expenses ­insurance

daily benefits insurance

hospital daily benefits ­insurance

compulsory long-term care insurance

in EUR m 1995

10,719.4

9,513.9

°

°

92.8

1996

11,212.8

9,788.6

°

°

300.8

1997

11,993.3

10,393.5

°

°

446.8

1998

12,462.2

10,821.3

°

°

449.8

1999

13,038.1

11,368.0

°

°

462.9

2000

13,614.6

11,912.7

°

°

471.1

2001

14,419.7

12,705.1

°

°

486.1

2002

15,219.5

13,040.3

736.7

519.0

496.9

2003

15,810.0

13,608.6

730.0

509.0

517.9

2004

16,553.4

14,327.7

726.0

511.8

528.5

2005

17,300.2

15,023.5

717.9

508.9

549.8

2006

17,838.5

15,572.9

707.5

494.1

563.8

2007

18,897.6

16,546.5

705.4

500.6

578.1

2008

20,169.0

17,661.7

744.5

512.4

617.7

2009

21,121.1

18,469.4

803.8

507.4

667.7

2010

21,916.0

19,873.0

840.2

504.3

698.8

20111

22,755.0

°

°

°

°

1 provisional figures Source: PKV

50

Insurance benefits paid in health insurance* by type of benefit year

total benefits paid

out-patient treatment

1999

12,575.2

4,926.2

2000

13,143.5

5,265.5

2001

13,933.6

2002

in-patient t­ reatment

dental ­treatment

other

4,537.5

1,786.0

1,325.4

4,662.3

1,852.5

1,363.2

5,772.1

4,762.2

2,030.4

1,368.9

14,722.6

6,132.1

4,822.0

2,086.2

1,682.3

2003

15,292.1

6,580.1

4,867.9

2,160.6

1,683.5

2004

16,024.9

6,968.4

5,042.5

2,316.8

1,697.2

2005

16,750.4

7,382.8

5,203.8

2,436.9

1,726.9

2006

17,274.7

7,682.8

5,388.7

2,501.4

1,701.8

2007

18,319.5

8,273.9

5,556.0

2,716.6

1,773.0

2008

19,551.3

8,921.1

5,838.5

2,902.1

1,889.6

2009

20,453.4

9,316.0

6,114.0

3,039.4

1,984.0

2010

21,217.0

9,557.0

6,426.0

3,214.0

2,019.8

20111

22,010.0

°

°

°

° 2.9

in EUR m

change against previous year as % 2000

4.5

6.9

2.8

3.7

2001

6.0

9.6

2.1

9.6

0.4

2002

5.7

6.2

1.3

2.7

22.9 0.1

2003

3.9

7.3

1.0

3.6

2004

4.8

5.9

3.6

7.2

0.8

2005

4.5

5.9

3.2

5.2

1.7

2006

3.1

4.1

3.6

2.6

-1.5

2007

6.0

7.7

3.1

8.6

4.2

2008

6.7

7.8

5.1

6.8

6.6

2009

4.6

4.4

4.7

4.7

5.0

2010

3.7

2.6

5.1

5.7

1.8

20111

3.7

°

°

°

°

* without compulsory long-term care insurance 1 provisional figures

Source: PKV

51

Compulsory long-term care insurance 2005

2007

2008

2009

2010

20111

insured persons (in 1,000)

9,164.3

9,320.0

9,373.9

9,534.1

9,593.0

9,667.0

premium income2 (EUR m)

1,867.5

1,882.9

1,970.2

2,074.2

2,096.0

2,105.0

115.9

140.2

131.1

138.2

142.7

°

75.1

98.4

91.6

96.5

99.4

°

benefit recipients (in 1,000) out-patient long-term care care level I

38.6

49.4

49.6

55.0

57.5

°

care level II

26.6

36.0

31.3

30.9

31.3

°

care level III in-patient long-term care

10.0

13.0

10.7

10.6

10.5

°

40.8

41.9

39.5

41.6

43.3

°

care level I

11.1

12.6

12.3

14.4

15.2

°

care level II

18.5

18.5

17.2

17.4

18.0

°

care level III benefit payments, total (EUR m)

11.2

10.7

9.9

9.8

10.0

°

549.8

578.1

617.7

667.7

698.8

°

out-patient long-term care

286.4

303.0

329.5

362.1

377.4

°

in-patient long-term care

263.4

275.1

288.2

305.6

321.4

°

1 provisional figures 2 written gross premiums

Source: PKV

52

Investment portfolio of health insurance companies* – in absolute figures

type of investment

2007

2008

2009

2010

2011

125.2

138.0

149.9

162.0

176.5

3.2

3.3

3.4

3.6

4.0

47.0

51.1

58.8

60.4

64.8

in EUR bn1 bonds and debentures mortgages loans loans to credit institutions

35.5

37.1

38.2

37.7

39.6

loans to states

11.1

13.3

19.5

21.6

24.2

0.3

0.6

1.0

1.0

1.0











0.1

0.1

0.1

0.1

0.1

loans to companies policy loans other mortgage bonds

44.8

45.7

48.6

51.9

55.8

government bonds

1.7

2.3

3.6

5.6

6.0

corporate bonds

1.1

1.8

2.1

2.1

2.6

17.2

22.3

23.2

26.7

28.9

bonds and debentures included in funds subordinated loans and profit participation rights

6.2

5.8

5.2

5.0

4.5

call money, time and fixed deposits

2.0

3.6

2.2

2.8

4.3

other bonds and debentures

2.1

2.2

2.8

3.8

5.5

8.4

4.0

3.2

2.7

2.5

directly held

1.2

0.5

0.3

0.3

0.2

held in funds

7.2

3.5

2.9

2.5

2.3

participating interests

2.9

3.5

3.6

4.1

4.3

real estate

3.1

3.4

3.7

4.1

4.6

directly held

1.8

1.8

1.8

1.9

2.2

held in funds

1.3

1.7

1.9

2.2

2.3

other investments

3.0

3.5

3.4

3.4

1.7

142.7

152.5

163.9

176.4

189.6

shares

total for information: equity capital ageing reserve

4.5

4.7

4.9

4.9

°

123.6

134.4

145.3

158.0

170.02

* as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover 2 provisional figure Source: BaFin; GDV; PKV

52

Investment portfolio of health insurance companies* – in percentages type of investment

2007

2008

2009

2010

2011

87.8

90.5

91.5

91.8

93.1

2.2

2.1

2.1

2.0

2.1

32.9

33.5

35.9

34.2

34.2

as %1 bonds and debentures mortgages loans

24.9

24.3

23.3

21.4

20.9

loans to states

loans to credit institutions

7.8

8.7

11.9

12.2

12.7

loans to companies

0.2

0.4

0.6

0.5

0.5











0.1

0.1

0.1

0.1

0.0 29.4

policy loans other mortgage bonds

31.4

30.0

29.7

29.4

government bonds

1.2

1.5

2.2

3.2

3.2

corporate bonds

0.8

1.2

1.3

1.2

1.4

12.1

14.6

14.1

15.2

15.3

bonds and debentures included in funds subordinated loans and profit participation rights

4.4

3.8

3.2

2.9

2.4

call money, time and fixed deposits

1.4

2.3

1.4

1.6

2.2

other bonds and debentures

1.5

1.4

1.7

2.1

2.9

5.9

2.6

1.9

1.6

1.3

directly held

0.8

0.4

0.2

0.2

0.1

held in funds

shares

5.1

2.3

1.7

1.4

1.2

participating interests

2.0

2.3

2.2

2.3

2.3

real estate

2.2

2.3

2.3

2.3

2.4

directly held

1.3

1.2

1.1

1.1

1.2

held in funds

0.9

1.1

1.2

1.3

1.2

other investments

2.1

2.3

2.1

1.9

0.9

100.0

100.0

100.0

100.0

100.0

total

* as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover Source: BaFin; GDV

53

Property & casualty insurance companies* by legal form**

year

joint stock c­ ompanies

mutual insurance associations1

insurance institutions under public law

other2

1960

79

168

5

38

1970

93

136

5

33

numbers

1980

132

91

5

93

1990

165

75

25

77 10

1995

179

71

19

1996

181

68

19

9

1997

184

67

16

8

1998

180

67

16

8

1999

181

66

16

8

2000

174

63

16

7

2001

173

59

15

7

2002

165

59

12

7

2003

159

58

10

6

2004

154

59

10

6

2005

150

59

10

6

2006

150

59

10

6

2007

153

59

10

6

2008

145

59

10

4

2009

149

59

10

4

2010

144

59

10

4

market share as %3 1976

72.5

19.1

3.0

5.4

1980

72.3

19.1

3.0

5.6

1990

66.8

17.1

12.2

4.0

1995

71.1

18.2

8.7

1.9

1996

73.7

16.3

8.7

1.2

1997

73.9

16.2

8.7

1.2

1998

74.6

15.5

8.7

1.2

1999

74.3

16.0

8.5

1.3

2000

74.4

15.0

8.3

1.3

2001

79.5

11.8

7.4

1.3

2002

81.7

12.7

4.1

1.5

2003

85.1

10.9

3.0

1.0

2004

84.7

11.1

3.1

1.1

2005

85.2

10.8

3.0

1.0

2006

86.3

9.7

3.1

1.0

2007

86.8

9.4

2.9

0.9

2008

87.1

9.1

3.1

0.8

2009

84.7

11.6

2.9

0.8

2010

86.2

10.1

2.9

0.8

* insurance companies under German supervision carrying on actual business, without small mutual insurance associations under Land supervision mostly limited to a particular region, until 1980 only insurance companies under federal supervision ** joint stock companies that due to ownership structure are part of the public sector and joint stock companies whose shareholders are mutual insurance associations are included in joint stock companies 1 incl. small mutual insurance associations registered under section 53 VAG 2 mostly German establishments of foreign-based insurance companies, from 1995 without establishments of insurance companies based inside the EEA 3 share of legal form in gross premiums; until 1980 written gross premiums, from 1990 earned gross Source: BaFin premiums

54

Premium income and claims expenditure in property & casualty insurance* year

premiums1 in EUR m

claims expenditure2

change against previous year as %

in EUR m

change against previous year as %

claims ratio as %3

1978

14,971

°

11,926

°

80.9

1979

16,824

12.4

13,236

11.0

80.6

1980

17,955

6.7

14,352

8.4

81.3

1981

19,588

9.1

15,828

10.3

82.4

1982

20,594

5.1

16,500

4.2

81.1

1983

21,799

5.9

17,599

6.7

82.0

1984

23,151

6.2

18,492

5.1

80.9

1985

24,883

7.5

18,959

2.5

77.4

1986

25,957

4.3

20,364

7.4

79.5

1987

27,425

5.7

21,551

5.8

79.7 77.9

1988

29,406

7.2

22,297

3.5

1989

31,077

5.7

23,404

5.0

76.9

1990

32,939

6.0

26,840

14.7

83.7

1991

37,751

14.6

29,600

10.3

80.8

1992

40,840

8.2

32,918

11.2

83.0 82.7

1993

44,346

8.6

35,778

8.7

1994

48,213

8.7

36,937

3.2

78.2

1995

49,850

3.4

38,149

3.3

77.4

1996

49,899

0.1

38,137

0.0

78.3

1997

49,516

-0.8

38,680

1.4

79.8

1998

48,852

-1.3

39,344

1.7

82.0

1999

48,666

-0.4

41,280

4.9

86.4

2000

49,398

1.5

40,404

-2.1

82.6

2001

50,810

2.9

40,955

1.4

81.5

2002

52,625

3.6

43,988

7.4

84.7

2003

54,414

3.4

39,896

-9.3

74.4 72.3

2004

55,410

1.8

39,390

-1.3

2005

55,392

0.0

39,643

0.6

73.0

2006

55,007

-0.7

39,887

0.6

74.1

2007

54,495

-0.9

42,049

5.4

78.6

2008

54,616

0.2

41,882

-0.4

78.8 78.5

2009

54,701

0.2

41,897

0.0

2010

55,219

0.9

43,281

3.3

80.3

2011

56,615

2.5

43,785

1.2

79.4

* German direct business; without nuclear insurance and pecuniary damage liability insurance; until 2002 without fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance 1 written gross premiums; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV; BaFin

55

Premium income* in property & casualty insurance by class

insurance class

2010

2011

in EUR m

change against previous year as %

in EUR m

change against previous year as %

15,139

1.2

15,454

2.1

7,961

2.2

8,145

2.3

– comprehensive insurance on buildings

4,790

2.7

4,951

3.4

– comprehensive insurance on contents

2,652

1.8

2,682

1.1

7,179

0.1

7,309

1.8

– industrial / commercial / agricultural property insurance

5,587

-0.7

5,635

0.9

– engineering insurance / EI-BI

1,592

3.1

1,674

5.2

marine and aviation insurance1

1,775

x

1,818

2.4

total of property insurance – private property insurance, of which:

– non-private property insurance

credit, surety and fidelity insurance

1,541

10.1

1,540

-0.1

general liability insurance

6,782

-0.8

6,927

2.1

total of motor insurance

20,158

0.5

20,887

3.6

– motor vehicle TPL

12,124

-0.2

12,551

3.5

– motor vehicle full own damage

6,530

2.5

6,811

4.3

– motor vehicle partial own damage

1,394

-2.0

1,420

1.9

– motor accident

110

-3.6

105

-4.3

private accident insurance

6,411

0.3

6,487

1.2

legal expenses insurance

3,248

1.3

3,331

2.6

165

1.8

171

3.4

55,219

0.9

56,615

2.5

roadside assistance total of property & casualty insurance2

* written gross premiums, German direct business; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 1 from 2010 incl. aviation insurance and aircraft and spacecraft liability insurance, due to this modification no rate of change for 2010 displayed 2 without nuclear insurance and pecuniary damage liability insurance Source: GDV

56

Claims expenditure* in property & casualty insurance by class insurance class

2010

2011

change against previous year as %

in EUR m

11,150

9.8

11,171

0.2

5,531

10.9

5,489

-0.8

– comprehensive insurance on buildings

4,095

15.3

3,996

-2.4

– comprehensive insurance on contents

1,206

-0.6

1,265

4.9

5,619

8.8

5,682

1.1

– industrial / commercial / agricultural property insurance

4,467

9.2

4,540

1.6

– engineering insurance / EI-BI

1,152

7.4

1,142

-0.9

1,136

x

1,231

8.3

658

-38.7

727

10.4

general liability insurance

4,710

1.7

4,608

-2.2

total of motor insurance

20,060

3.3

20,444

1.9

– motor vehicle TPL

12,558

2.8

12,452

-0.8

in EUR m

total of property insurance – private property insurance, of which:

– non-private property insurance

marine and aviation insurance1 credit, surety and fidelity insurance

– motor vehicle full own damage – motor vehicle partial own damage – motor accident

change against previous year as %

6,481

5.3

6,872

6.0

999

-3.4

1,099

10.0 -5.8

22

-2.1

21

private accident insurance

3,037

3.7

3,070

1.1

legal expenses insurance

2,336

-3.1

2,338

0.1

193

10.3

195

1.0

43,281

3.3

43,785

1.2

roadside assistance2 total of property & casualty insurance3

* gross claims incurred for the accounting year, German direct business 1 from 2010: incl. aviation and aircraft and spacecraft liability insurance, due to this modification no rate of change for 2010 displayed 2 2011: provisional figure 3 without nuclear insurance and pecuniary damage liability insurance Source: GDV; BaFin

57 year

Number of contracts and claims in property & casualty insurance* number of contracts1 in 1,000

number of claims2

change against previous year as %

in 1,000

change against previous year as %

1985

174,886

°

18,552

°

1986

179,580

2.7

19,781

6.6

1987

183,087

2.0

20,074

1.5

1988

188,370

2.9

19,790

-1.4

1989

193,806

2.9

19,406

-1.9

1990

200,320

3.4

22,965

18.3

1991

222,341

11.0

21,092

-8.2

1992

230,077

3.5

23,495

11.4

1993

235,814

2.5

24,084

2.5

1994

239,003

1.4

23,818

-1.1

1995

242,832

1.6

22,710

-4.7

1996

243,584

0.3

21,691

-4.5

1997

246,379

1.1

22,540

3.9

1998

252,775

2.6

22,435

-0.5

1999

258,175

2.1

23,495

4.7

2000

262,138

1.5

23,369

-0.5

2001

266,151

1.5

22,150

-5.2

2002

269,360

1.2

25,255

14.0

2003

271,110

0.6

23,000

-8.9

2004

273,003

0.7

22,604

-1.7

2005

274,650

0.6

21,983

-2.7

2006

277,306

1.0

21,918

-0.3

2007

284,238

2.5

24,341

11.1

2008

286,246

0.7

22,912

-5.9

2009

289,369

1.1

22,906

0.0

2010

293,160

1.3

23,747

3.7

2011

295,839

0.9

23,337

-1.7

* German direct business; without nuclear insurance and pecuniary damage liability insurance 1 until 2000 without marine insurance, until 2006 without credit, surety and fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance 2 without marine insurance, aviation insurance, aircraft and spacecraft liability insurance and credit, surety and fidelity insurance Source: GDV; BaFin

58

Number of contracts* in property and casualty insurance by class insurance class

1995

2000

2005

2010

2011

numbers in 1,000 total of property insurance1

66,153

67,398

67,378

69,885

69,943

– private property insurance1, of which:

52,093

53,362

53,662

54,099

54,130

– c omprehensive insurance on buildings1

17,126

18,085

18,939

19,248

19,165

– c omprehensive insurance on contents1

24,237

24,889

24,780

25,103

25,193

– non-private property insurance1

14,060

14,036

13,754

15,786

15,813

12,556

11,856

11,758

12,337

12,441

1,504

2,180

1,996

3,449

3,372

marine and aviation insurance2

°

°

263

250

250

credit, surety and fidelity insurance

°

°

°

292

291

general liability insurance

34,955

37,805

41,820

43,753

44,226

total of motor insurance3

92,130

97,211

99,138

105,150

106,641

– motor vehicle TPL3

47,130

51,757

54,334

57,837

58,779

– motor vehicle full own damage3

15,659

19,979

22,116

25,802

26,366

– motor vehicle partial own damage3

20,150

19,059

18,042

17,516

17,687

9,191

6,416

4,645

3,994

3,809

private accident insurance

28,157

29,059

29,193

27,314

27,293

legal expenses insurance4

18,691

19,317

19,453

20,929

21,096

2,746

11,348

17,405

25,587

26,099

242,832

262,138

274,650

293,160

295,839

– industrial / commercial / agricultural property insurance1 – engineering insurance / EI-BI1

– motor accident3

roadside assistance5 total of property & casualty insurance6

change against previous year as % total of property insurance1 – private property insurance1, of which: – c omprehensive insurance on buildings1 – comprehensive insurance on contents1

1.6

0.8

0.6

2.3

0.1

10.2

0.1

0.1

0.8

0.1

37.5

0.9

0.6

0.7

-0.4

1.2

0.1

0.0

0.9

0.4

– non-private property insurance1

-21.2

3.6

2.6

7.8

0.2

– industrial / commercial / agricultural property insurance1

-23.0

1.1

1.0

1.7

0.9

-1.9

19.3

13.4

37.0

-2.2

– engineering insurance / EI-BI1 marine and aviation insurance2

°

°

6.9

x

0.0

credit, surety and fidelity insurance

°

°

°

6.7

-0.3

general liability insurance

4.7

1.3

1.5

1.2

1.1

total of motor insurance3

1.0

1.1

1.0

1.6

1.4

– motor vehicle TPL3

2.3

1.8

0.9

1.7

1.6

– motor vehicle full own damage3

2.3

5.0

2.0

2.3

2.2

– motor vehicle partial own damage3

1.2

-1.5

-0.1

1.2

1.0

-7.1

-6.7

0.7

-3.2

-4.6

private accident insurance

0.1

0.6

-0.2

-2.6

-0.1

legal expenses insurance4

1.5

0.3

-0.2

1.4

0.8

roadside assistance5

-0.9

15.9

-1.3

1.8

2.0

total of property & casualty insurance6

1.6

1.5

0.6

1.3

0.9

– motor accident3

* German direct business • 1 until 1995: incl. co-insurance business • 2 from 2010: incl. aviation insurance and aircraft and spacecraft liability insurance, due to this modification no rate of change for 2010 displayed • 3 number of risks • 4 from 2007: change in counting method for group and collective contracts • 5 from 2009: incl. group contracts; 2011: provisional figures • 6 without nuclear insurance and pecuniary damage liability insurance; until 2000 without marine; until 2006 without credit, surety and fidelity insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance Source: GDV; BaFin

59

Number of claims* in property & casualty insurance by class

insurance class

1995

2000

2005

2010

2011

numbers in 1,000 total of property insurance1

5,200

5,802

5,163

5,537

5,119

– private property insurance1, of which:

3,743

4,116

3,900

4,025

3,645

– comprehensive insurance on buildings1

1,493

1,867

1,978

2,448

2,040

– comprehensive insurance on contents1

1,431

1,536

1,338

1,096

1,147

1,457

1,686

1,263

1,512

1,474

1,024

1,062

869

1,028

955

433

625

394

484

518

general liability insurance

3,668

3,835

3,425

2,967

2,901

total of motor insurance

9,314

9,124

8,673

9,649

9,722

– motor vehicle TPL

4,330

4,259

3,848

3,982

3,908

– motor vehicle full own damage

3,146

3,293

3,420

4,287

4,431

– motor vehicle partial own damage

1,828

1,566

1,403

1,378

1,382

10

5

3

2

2

829

829

823

848

847

3,534

3,475

3,463

3,822

3,833

164

305

437

925

915

22,710

23,369

21,983

23,747

23,337

– non-private property insurance1 – industrial / commercial / agricultural property insurance1 – engineering insurance / EI-BI1

– motor accident private accident insurance legal expenses insurance roadside assistance2 total of property & casualty insurance3

change against previous year as % total of property insurance1

-4.7

3.6

-5.7

11.5

-7.6

– private property insurance1, of which:

-5.5

1.9

-5.8

13.2

-9.4

– c omprehensive insurance on buildings1

-6.0

2.2

-5.5

29.0

-16.6

– c omprehensive insurance on contents1

-6.7

3.7

-6.1

-6.5

4.6

-2.5

8.0

-5.4

7.2

-2.5 -7.1

– non-private property insurance1 – industrial / commercial / agricultural property insurance1 – engineering insurance / EI-BI1 general liability insurance

5.0

2.0

-6.7

5.4

-16.5

19.8

-2.4

11.3

7.2

-1.8

-1.5

-4.5

-2.2

-2.2

total of motor insurance

-8.7

-1.5

-0.7

2.6

0.8

– motor vehicle TPL

-2.4

-4.0

-1.7

4.5

-1.9

– motor vehicle full own damage – motor vehicle partial own damage – motor accident

-16.5

3.2

1.3

3.2

3.4

-7.8

-3.8

-2.6

-4.1

0.3

-26.5

-11.7

-10.3

-3.1

-9.5

private accident insurance

0.3

-3.9

2.2

1.3

-0.1

legal expenses insurance

2.9

-3.0

-3.0

-1.4

0.3

roadside assistance2

0.5

4.8

0.2

17.4

-1.0

-4.7

-0.5

-2.7

3.7

-1.7

total of property & casualty insurance3

* German direct business 1 until 1995: incl. co-insurance business 2 from 2009: incl. group contracts; 2011: provisional figures 3 without nuclear insurance, pecuniary damage liability insurance, aircraft and spacecraft liability insurance, marine insurance, aviation insurance, credit, surety and fidelity insurance Source: GDV

60

Premium income and claims expenditure in property insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1960

°

617.6

°

289.5

°

48.7

1965

°

1,040.6

°

556.1

°

55.2

1970

146

1,647.0

°

1,163.7

°

73.3

1975

152

3,290.2

°

2,023.6

°

61.9

1980

164

4,775.9

9.6

3,463.8

6.3

74.1

1982

167

5,683.2

8.5

4,313.1

7.4

77.2

1983

170

6,047.2

6.4

4,640.8

7.6

77.7

1984

172

6,481.3

7.2

4,623.5

-0.4

72.3

1985

170

6,860.8

5.9

4,754.7

2.8

70.1

1986

173

7,146.8

4.2

5,030.3

5.8

70.9

1987

173

7,394.1

3.5

5,163.0

2.6

70.1

1988

172

7,775.3

5.2

5,095.7

-1.3

66.5

1989

177

7,927.2

2.0

5,637.3

10.6

71.6

1990

175

8,350.8

5.3

7,397.0

31.2

89.6

1991

183

9,412.3

12.7

6,902.9

-6.7

74.5

1992

184

10,244.2

8.8

7,490.6

8.5

74.5

1993

187

11,289.4

10.2

8,254.8

10.2

74.6

1994

178

12,122.3

7.4

8,252.4

0.0

69.2

1995

182

12,545.4

3.5

8,327.8

0.9

66.7

1996

181

12,873.5

2.6

8,441.5

1.4

65.9

1997

183

12,882.7

0.1

8,756.2

3.7

67.7

1998

182

12,653.7

-1.8

8,701.4

-0.6

68.3

1999

176

12,387.0

-2.1

9,778.8

12.4

78.5

2000

173

12,298.9

-0.7

8,953.7

-8.4

72.2

2001

168

12,381.9

0.7

8,920.8

-0.4

71.9

2002

163

13,113.4

5.9

12,364.0

38.6

94.4

2003

164

13,843.6

5.6

9,200.8

-25.6

66.7

2004

163

14,110.1

1.9

9,001.4

-2.2

64.0

2005

160

14,172.4

0.4

9,279.9

3.1

65.7

2006

156

14,233.7

0.4

9,677.5

4.3

68.3

2007

156

14,016.2

-1.5

11,399.5

17.8

81.3

2008

159

14,583.0

4.0

10,320.8

-9.5

71.4

2009

161

14,961.9

2.6

10,153.3

-1.6

68.1

2010

162

15,139.4

1.2

11,149.6

9.8

73.6

2011

162

15,454.0

2.1

11,171.1

0.2

72.6

average annual rates of change as % 1960–1970

x

10.3

x

14.9

x

x

1970–1980

x

11.2

x

11.5

x

x

1980–1990

x

5.7

x

7.9

x

x

1990–2000

x

3.9

x

1.9

x

x

2000–2010

x

2.1

x

2.2

x

x

* German direct business 1 written gross premiums; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

61 year

Premium income and claims expenditure in private property insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1975

°

969.8

°

557.7

°

59.2

1980

°

1,770.8

14.1

1,114.4

8.7

65.1

1982

°

2,273.6

12.1

1,544.5

11.7

70.0

1983

°

2,450.4

7.8

1,681.8

8.9

70.2

1984

°

2,667.3

8.8

1,939.0

15.3

74.4

1985

°

2,854.4

7.0

1,781.8

-8.1

63.7

1986

°

2,989.8

4.7

2,060.5

15.6

69.8

1987

°

3,123.0

4.5

2,059.1

-0.1

66.6

1988

°

3,322.0

6.4

1,875.1

-8.9

57.3

1989

°

3,434.7

3.4

1,897.0

1.2

55.8

1990

°

3,697.3

7.6

3,421.5

80.4

94.1

1991

°

4,068.7

10.0

2,193.7

-35.9

54.9

1992

°

4,434.7

9.0

2,807.5

28.0

64.9

1993

°

4,827.4

8.9

3,288.5

17.1

69.7

1994

°

5,372.1

11.3

3,277.5

-0.3

62.2

1995

°

5,897.5

9.8

3,563.2

8.7

61.1

1996

°

6,223.1

5.5

3,592.6

0.8

58.5

1997

166

6,341.2

1.9

4,047.3

12.7

64.1

1998

164

6,429.4

1.4

3,845.8

-5.0

59.9

1999

161

6,454.6

0.4

4,387.1

14.1

68.0

2000

157

6,468.1

0.2

4,061.9

-7.4

62.7

2001

154

6,510.8

0.7

3,951.0

-2.7

60.6

2002

149

6,626.9

1.8

5,954.2

50.7

90.1

2003

149

6,728.1

1.5

4,489.5

-24.6

66.8

2004

147

6,869.4

2.1

4,499.1

0.2

65.8

2005

140

7,052.5

2.7

4,415.3

-1.9

62.9

2006

138

7,142.7

1.3

4,549.5

3.0

63.9

2007

137

7,202.2

0.8

5,915.3

30.0

82.0

2008

140

7,563.3

5.0

5,087.0

-14.0

68.0

2009

137

7,791.7

3.0

4,988.9

-1.9

64.3

2010

138

7,960.6

2.2

5,531.0

10.9

69.6

2011

137

8,144.5

2.3

5,488.8

-0.8

67.7

average annual rates of change as % 1975–1980

x

12.8

x

14.8

x

x

1980–1990

x

7.6

x

11.9

x

x

1990–2000

x

5.8

x

1.7

x

x

2000–2010

x

2.1

x

3.1

x

x

* German direct business 1 written gross premiums; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

62

Premium income and claims expenditure in comprehensive insurance on buildings* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1975

101

354.0

°

186.3

°

54.1

1980

119

675.4

16.1

452.3

0.8

69.4

1982

123

907.6

13.3

641.7

12.7

73.0

1983

126

966.3

6.5

777.0

21.1

81.8

1984

129

1,072.9

11.0

985.6

26.8

94.4

1985

130

1,163.5

8.4

857.4

-13.0

75.1

1986

130

1,217.8

4.7

1,013.9

18.3

84.3

1987

130

1,266.3

4.0

960.0

-5.3

76.5

1988

129

1,363.5

7.7

822.0

-14.4

61.4

1989

135

1,397.0

2.5

840.7

2.3

60.7

1990

135

1,541.4

10.3

2,119.0

152.0

140.6

1991

140

1,793.5

16.4

1,061.6

-49.9

60.8

1992

140

1,993.7

11.2

1,455.1

37.1

75.4

1993

143

2,196.1

10.2

1,747.4

20.1

81.7

1994

147

2,677.9

21.9

1,831.4

4.8

70.2

1995

154

3,082.8

15.1

2,079.3

13.5

68.2

1996

154

3,299.0

7.0

2,095.3

0.8

64.6

1997

151

3,400.4

3.1

2,481.4

18.4

73.5

1998

145

3,439.0

1.1

2,345.9

-5.5

68.3

1999

144

3,462.2

0.7

2,827.5

20.5

81.8

2000

139

3,510.7

1.4

2,510.4

-11.2

71.6

2001

136

3,533.7

0.7

2,436.2

-3.0

68.8

2002

135

3,623.6

2.5

4,187.5

71.9

116.1

2003

137

3,715.8

2.5

2,918.7

-30.3

78.9

2004

131

3,845.0

3.5

3,016.7

3.4

79.0

2005

127

3,985.0

3.6

2,995.7

-0.7

75.7

2006

123

4,065.9

2.0

3,165.5

5.7

78.2

2007

123

4,134.2

1.7

4,538.7

43.4

110.0

2008

126

4,436.6

7.3

3,710.6

-18.2

85.0

2009

125

4,664.8

5.1

3,551.3

-4.3

76.9

2010

126

4,789.5

2.7

4,094.6

15.3

85.8

2011

125

4,950.9

3.4

3,996.0

-2.4

81.3

average annual rates of change as % 1975–1980

x

13.8

x

19.4

x

x

1980–1990

x

8.6

x

16.7

x

x

1990–2000

x

8.6

x

1.7

x

x

2000–2010

x

3.2

x

5.0

x

x

* German direct business 1 written gross premiums; without insurance premium tax; incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

63 year

Premium income and claims expenditure in comprehensive insurance on contents* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1974

111

410.5

°

245.2

°

62.5

1975

118

471.6

14.9

313.6

27.9

69.1

1980

128

877.9

13.0

571.1

13.4

67.4

1982

134

1,100.2

11.5

751.7

10.2

70.5

1983

136

1,209.2

9.9

777.3

3.4

66.3

1984

139

1,294.2

7.0

801.1

3.1

63.2

1985

139

1,368.9

5.8

801.3

0.0

59.5

1986

141

1,426.4

4.2

856.3

6.9

60.8

1987

142

1,481.6

3.9

906.4

5.9

61.6

1988

140

1,528.3

3.1

876.1

-3.3

57.6

1989

146

1,578.2

3.3

866.0

-1.2

55.3

1990

146

1,651.8

4.7

923.5

6.6

56.4

1991

150

1,742.7

5.5

929.7

0.7

54.1

1992

148

1,853.0

6.3

1,080.9

16.3

59.3

1993

151

1,973.0

6.5

1,160.2

7.3

59.9

1994

150

2,103.4

6.6

1,194.1

2.9

57.7

1995

157

2,184.9

3.9

1,225.6

2.6

56.6

1996

156

2,304.0

5.5

1,237.8

1.0

54.6

1997

155

2,331.5

1.2

1,292.0

4.4

55.5

1998

154

2,383.9

2.2

1,232.3

-4.6

51.9

1999

152

2,403.9

0.8

1,287.3

4.5

53.6

2000

149

2,390.0

-0.6

1,285.6

-0.1

53.4

2001

145

2,421.5

1.3

1,243.4

-3.3

51.4

2002

142

2,442.3

0.9

1,478.0

18.9

60.5

2003

140

2,469.4

1.1

1,303.9

-11.8

52.7

2004

137

2,499.1

1.2

1,226.4

-5.9

49.2

2005

131

2,555.2

2.2

1,175.4

-4.2

46.2

2006

128

2,592.0

1.4

1,152.7

-1.9

44.5

2007

127

2,574.1

-0.7

1,145.5

-0.6

44.2

2008

129

2,600.5

1.0

1,148.5

0.3

44.2

2009

126

2,604.2

0.1

1,213.7

5.7

46.4

2010

128

2,652.0

1.8

1,206.2

-0.6

45.5

2011

125

2,682.2

1.1

1,265.2

4.9

47.3

average annual rates of change as % 1975–1980

x

13.2

x

12.7

x

x

1980–1990

x

6.5

x

4.9

x

x

1990–2000

x

3.8

x

3.4

x

x

2000–2010

x

1.0

x

-0.6

x

x

* German direct business 1 written gross premiums; without insurance premium tax; incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

64

Premium income and claims expenditure in non-private property insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1975

°

2,320.4

°

1,465.9

°

62.9

1980

°

3,005.2

7.1

2,349.4

5.2

79.2

1982

°

3,409.6

6.3

2,768.7

5.1

81.8

1983

°

3,596.8

5.5

2,959.1

6.9

82.8

1984

°

3,814.0

6.0

2,684.5

-9.3

70.8

1985

°

4,006.4

5.0

2,972.9

10.7

74.6

1986

°

4,157.1

3.8

2,969.8

-0.1

71.7

1987

°

4,271.2

2.7

3,103.9

4.5

72.7

1988

°

4,453.3

4.3

3,220.6

3.8

73.3

1989

°

4,492.5

0.9

3,740.3

16.1

83.6

1990

°

4,653.5

3.6

3,975.5

6.3

86.1

1991

°

5,343.6

14.8

4,709.2

18.5

89.2

1992

°

5,809.5

8.7

4,683.1

-0.6

81.9

1993

°

6,462.0

11.2

4,966.4

6.0

78.3

1994

°

6,750.1

4.5

4,974.9

0.2

74.7

1995

°

6,648.0

-1.5

4,764.6

-4.2

71.7

1996

°

6,650.4

0.0

4,849.0

1.8

72.7

1997

°

6,541.5

-1.6

4,708.9

-2.9

71.2

1998

°

6,224.3

-4.8

4,855.7

3.1

76.9

1999

157

5,932.4

-4.7

5,391.7

11.0

89.8

2000

150

5,830.8

-1.7

4,891.8

-9.3

82.8

2001

140

5,871.1

0.7

4,969.8

1.6

84.4

2002

137

6,486.5

10.5

6,409.8

29.0

98.7

2003

137

7,115.6

9.7

4,711.3

-26.5

66.6

2004

136

7,240.7

1.8

4,502.2

-4.4

62.2

2005

136

7,119.9

-1.7

4,864.7

8.0

68.4

2006

132

7,091.0

-0.4

5,128.0

5.4

72.8

2007

131

6,814.1

-3.9

5,484.2

6.9

80.4

2008

135

7,019.7

3.0

5,233.8

-4.6

75.0

2009

137

7,170.2

2.1

5,164.4

-1.3

72.1

2010

141

7,178.8

0.1

5,618.5

8.8

78.0

2011

142

7,309.5

1.8

5,682.3

1.1

78.0

average annual rates of change as % 1975–1980

x

5.3

x

9.9

x

x

1980–1990

x

4.5

x

5.4

x

x

1990–2000

x

2.3

x

2.1

x

x

2000–2010

x

2.1

x

1.4

x

x

* German direct business 1 written gross premiums; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

65 year

Premium income and claims expenditure in industrial / commercial / agricultural property insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1989

°

3,547.3

°

2,992.7

°

84.7

1990

°

3,649.2

2.9

3,129.1

4.6

86.1

1991

°

4,203.9

15.2

3,839.0

22.7

92.4

1992

°

4,539.8

8.0

3,710.6

-3.3

82.6

1993

°

5,063.5

11.5

3,971.2

7.0

79.9

1994

°

5,293.3

4.5

3,887.5

-2.1

74.3

1995

°

5,210.4

-1.6

3,685.9

-5.2

70.8

1996

°

5,213.1

0.1

3,741.8

1.5

71.6

1997

°

5,063.7

-2.9

3,568.5

-4.6

69.7

1998

°

4,804.8

-5.1

3,625.1

1.6

74.4

1999

°

4,565.7

-5.0

4,160.8

14.8

90.4

2000

°

4,518.3

-1.0

3,656.5

-12.1

80.0

2001

°

4,557.0

0.9

3,798.1

3.9

83.1

2002

°

5,163.8

13.3

5,183.6

36.5

100.4

2003

°

5,764.6

11.6

3,684.4

-28.9

64.1

2004

°

5,872.5

1.9

3,541.4

-3.9

60.3

2005

°

5,772.4

-1.7

3,902.6

10.2

67.7

2006

°

5,690.2

-1.4

4,158.0

6.5

73.4

2007

°

5,454.4

-4.1

4,493.9

8.1

82.3

2008

°

5,582.7

2.4

4,207.1

-6.4

75.7

2009

133

5,626.9

0.8

4,091.9

-2.7

72.7

2010

129

5,587.1

-0.7

4,466.5

9.2

79.4

2011

130

5,635.4

0.9

4,540.1

1.6

80.8

average annual rates of change as % 1990–2000

x

2.2

x

1.6

x

x

2000–2010

x

2.1

x

2.0

x

x

* German direct business 1 written gross premiums; without insurance premium tax; insurance classes covering fire incl. fire brigade tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

66

Premium income and claims expenditure in engineering insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1954

°

24.8

°

16.4

°

1955

°

33.0

33.2

20.7

26.6

61.2 70.2

1960

38

70.7

15.5

43.3

11.1

64.8

1965

47

133.3

8.2

85.1

5.9

65.1

1970

51

203.5

18.3

146.9

23.8

75.1

1975

63

379.1

8.9

275.6

-0.7

74.0

1980

85

629.9

8.3

476.0

3.2

77.2

1982

87

684.1

3.4

550.5

6.8

80.9

1983

90

740.5

8.2

552.0

0.3

76.1

1984

91

775.8

4.8

565.8

2.5

73.3

1985

93

802.8

3.5

599.3

5.9

74.6

1986

96

849.0

5.8

623.0

4.0

74.1

1987

100

865.6

2.0

741.3

19.0

85.6

1988

101

914.7

5.7

703.6

-5.1

78.9

1989

107

945.2

3.3

747.6

6.3

79.3

1990

107

1,004.3

6.3

846.4

13.2

85.9

1991

113

1,139.7

13.5

870.3

2.8

77.5

1992

112

1,269.7

11.4

972.5

11.7

79.0

1993

116

1,398.4

10.1

995.2

2.3

72.6

1994

111

1,456.9

4.2

1,087.4

9.3

76.3

1995

117

1,437.6

-1.3

1,078.7

-0.8

74.7

1996

118

1,437.3

0.0

1,107.1

2.6

76.7

1997

127

1,477.8

2.8

1,140.4

3.0

76.4

1998

120

1,419.5

-3.9

1,230.6

7.9

85.6

1999

117

1,366.6

-3.7

1,230.9

0.0

87.9

2000

113

1,312.5

-4.0

1,235.2

0.4

92.3

2001

112

1,314.1

0.1

1,171.7

-5.1

89.0

2002

108

1,322.7

0.7

1,226.2

4.6

92.3

2003

106

1,351.0

2.1

1,027.0

-16.2

76.9

2004

104

1,368.2

1.3

960.8

-6.4

70.6

2005

101

1,347.5

-1.5

962.1

0.1

71.4

2006

97

1,400.7

4.0

970.0

0.8

70.3

2007

99

1,359.7

-2.9

990.4

2.1

72.8

2008

101

1,437.0

5.7

1,026.7

3.7

72.6

2009

102

1,543.3

7.4

1,072.5

4.5

70.0

2010

107

1,591.7

3.1

1,152.0

7.4

72.8

2011

107

1,674.0

5.2

1,142.2

-0.9

68.6

average annual rates of change as % 1960–1970

x

11.2

x

13.0

x

x

1970–1980

x

12.0

x

12.5

x

x

1980–1990

x

4.8

x

5.9

x

x

1990–2000

x

2.7

x

3.9

x

x

2000–2010

x

1.9

x

-0.7

x

x

* German direct business; incl. EI-BI 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

67 year

Premium income and claims expenditure in marine and aviation insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1950

°

43.0

°

27.0

°

61.7

1960

°

191.0

°

130.0

°

67.9

1965

°

251.0

°

184.0

°

73.5

1970

°

395.0

°

273.0

°

69.2

1975

°

589.0

°

409.0

°

70.7

1980

°

912.0

8.1

698.0

8.0

77.3

1982

°

1,041.0

3.1

735.0

-3.2

71.1

1983

°

1,005.0

-3.5

683.0

-7.1

67.8

1984

°

1,049.0

4.4

742.0

8.6

70.9

1985

°

1,083.0

3.2

691.0

-6.9

63.7

1986

°

1,062.0

-1.9

657.0

-4.9

61.8

1987

°

1,041.0

-2.0

675.0

2.7

64.9

1988

°

1,118.0

7.4

726.0

7.6

72.2

1989

°

1,150.0

2.9

791.0

9.0

76.2

1990

°

1,214.0

5.6

976.0

23.4

90.9

1991

°

1,331.4

9.7

1,169.0

19.8

100.0

1992

°

1,487.7

11.7

1,028.0

-12.1

79.8

1993

°

1,557.2

4.7

1,000.0

-2.7

69.7

1994

°

1,565.9

0.6

1,000.0

0.0

69.7

1995

°

1,569.7

0.2

821.0

-17.9

71.2

1996

109

1,604.9

2.2

880.0

7.2

75.0

1997

110

1,617.9

0.8

881.0

0.1

75.0

1998

100

1,635.9

1.1

944.0

7.2

79.2

1999

96

1,610.0

-1.6

848.0

-10.2

74.3

2000

90

1,636.0

1.6

1,351.4

59.4

82.6

2001

86

1,746.0

6.7

1,372.4

1.6

78.6

2002

85

1,793.1

2.7

1,161.9

-15.3

64.8

2003

87

1,879.6

4.8

1,107.1

-4.7

58.9

2004

85

1,911.6

1.7

1,127.9

1.9

59.0

2005

77

1,845.1

-3.5

1,123.7

-0.4

60.9

2006

76

1,860.1

0.8

1,153.2

2.6

62.0

2007

75

1,857.6

-0.1

1,274.3

10.5

68.6

2008

72

1,729.9

-6.9

1,178.0

-7.6

68.1

2009

72

1,688.9

-2.4

1,106.2

-6.1

65.5

2010

77

1,775.2

x

1,136.2

x

64.0

2011

77

1,818.3

2.4

1,231.0

8.3

67.7

1960–1970

x

7.5

x

7.7

x

x

1970–1980

x

8.7

x

9.8

x

x

1980–1990

x

2.9

x

3.4

x

x

1990–2000

x

3.0

x

3.3

x

x

2000–2009

x

0.4

x

-2.2

x

x

average annual rates of change as %

* German direct business; goods in transit, carrier‘s liability, ocean hull and inland hull insurance and special classes (baggage, valuables in transit, exhibition risks a.o.); from 2010 incl. aviation insurance and aircraft and spacecraft liability insurance, due to this modification no rate of change for 2010 displayed 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year; until 1999 without special classes (baggage, valuables in transit, exhibition risks a.o.) 3 gross claims incurred for the accounting year as % of earned gross premiums  Source: GDV; BaFin

68

Premium income and claims expenditure in credit, surety and fidelity insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1960

17

17.6

°

6.0

°

34.2

1965

21

28.6

°

9.9

°

34.5

1970

11

42.4

°

17.3

°

40.8

1975

14

127.8

°

103.8

°

85.1

1980

21

242.9

13.2

139.1

-5.2

58.8

1982

19

314.1

12.9

349.6

60.4

112.3

1983

21

359.0

14.3

274.4

-21.5

76.6

1984

21

418.4

16.5

257.6

-6.1

62.3

1985

21

460.9

10.2

309.9

20.3

67.6

1986

20

479.9

4.1

306.7

-1.0

63.8

1987

21

494.0

2.9

288.1

-6.1

58.4

1988

24

530.9

7.5

295.3

2.5

56.0

1989

24

580.9

9.4

286.0

-3.1

49.6

1990

24

628.6

8.2

350.2

22.4

55.7

1991

17

872.6

38.8

505.7

44.4

58.0

1992

14

625.9

-28.3

481.2

-4.8

76.9

1993

14

672.6

7.5

661.3

37.4

98.3

1994

13

664.3

-1.2

753.5

13.9

113.4

1995

11

764.1

15.0

1,235.3

63.9

103.9

1996

12

831.8

8.9

867.2

-29.8

103.1

1997

13

925.1

11.2

674.9

-22.2

73.5

1998

14

968.3

4.7

518.7

-23.1

53.9

1999

13

948.8

-2.0

477.3

-8.0

50.7

2000

14

1,007.7

6.2

622.3

30.4

62.3

2001

12

1,095.9

8.8

971.8

56.2

90.5

2002

13

1,140.4

4.1

941.0

-3.2

86.3

2003

27

1,288.2

x

884.7

x

69.3

2004

27

1,308.0

1.5

743.1

-16.0

56.8

2005

31

1,374.4

5.1

869.5

17.0

63.4

2006

32

1,371.8

-0.2

691.0

-20.5

50.9

2007

34

1,381.0

0.7

714.6

3.4

51.9

2008

36

1,387.1

0.4

980.5

37.2

70.9

2009

39

1,400.1

0.9

1,074.5

9.6

76.7

2010

42

1,540.8

10.1

658.5

-38.7

43.1

2011

40

1,539.6

-0.1

726.7

10.4

47.5

average annual rates of change as % 1960–1970

x

9.2

x

11.2

x

x

1970–1980

x

19.1

x

23.2

x

x

1980–1990

x

10.0

x

9.7

x

x

1990–2000

x

4.8

x

5.9

x

x

2000–2010

x

4.3

x

0.6

x

x

* German direct business; until 2002 BaFin del credere and surety insurance, from 2003 GDV del credere, surety and fidelity insurance; due to this modification no rate of change for 2003 displayed 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV; BaFin

69 year

Premium income and claims expenditure in general liability insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1970

104

622.0

°

439.4

°

1975

108

1,185.5

°

833.0

°

72.6 71.6

1980

126

1,869.9

12.9

1,402.5

6.4

77.2

1982

126

2,191.3

6.8

1,658.7

5.7

77.1

1983

126

2,329.9

6.3

1,738.9

4.8

76.1

1984

127

2,453.2

5.3

1,817.2

4.5

74.4

1985

132

2,555.7

4.2

2,017.0

11.0

79.6

1986

132

2,733.4

7.0

2,113.7

4.8

78.8

1987

134

2,951.8

8.0

2,282.4

8.0

78.3

1988

139

3,094.6

4.8

2,362.2

3.5

77.1

1989

141

3,296.1

6.5

2,555.5

8.2

78.4

1990

142

3,561.4

8.0

2,700.7

5.7

77.2

1991

146

4,040.9

13.5

3,054.6

13.1

76.5

1992

152

4,364.9

8.0

3,322.4

8.8

77.2

1993

151

4,758.1

9.0

3,563.7

7.3

76.1

1994

164

5,174.8

8.8

3,913.5

9.8

77.3

1995

164

5,450.2

5.3

4,332.2

10.7

80.1

1996

166

5,628.7

3.3

4,502.3

3.9

80.6

1997

168

5,766.1

2.4

4,743.9

5.4

82.4

1998

166

5,778.0

0.2

4,728.5

-0.3

82.4

1999

162

5,891.3

2.0

4,882.8

3.3

83.1

2000

159

5,876.7

-0.2

4,663.4

-4.5

78.9

2001

156

5,921.9

0.8

5,046.1

8.2

84.4

2002

155

6,148.4

3.8

4,647.1

-7.9

75.3

2003

155

6,305.9

2.6

4,400.6

-5.3

69.3

2004

147

6,534.9

3.6

4,479.8

1.8

68.4

2005

146

6,806.8

4.2

4,434.4

-1.0

65.5

2006

144

6,873.6

1.0

4,468.2

0.8

65.4

2007

143

6,821.4

-0.8

4,418.6

-1.1

64.5

2008

144

6,826.3

0.1

4,578.4

3.6

67.0

2009

139

6,836.2

0.1

4,629.7

1.1

67.5

2010

138

6,781.8

-0.8

4,709.9

1.7

69.5

2011

139

6,927.0

2.1

4,607.8

-2.2

66.9

average annual rates of change as % 1970–1980

x

11.6

x

12.3

x

x

1980–1990

x

6.7

x

6.8

x

x

1990–2000

x

5.1

x

5.6

x

x

2000–2010

x

1.4

x

0.1

x

x

* German direct business; without nuclear liability insurance, pecuniary damage liability insurance, aircraft and spacecraft liability insurance and carrier’s liability insurance 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

70

Premium income and claims expenditure in motor insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

97

5,475.4

°

4,880.1

°

89.8

1980

100

7,828.9

2.1

7,420.7

9.4

94.7

1982

104

8,556.9

1.5

7,928.1

0.7

92.1

1983

106

9,037.1

5.6

8,616.3

8.7

95.7

1984

109

9,475.4

4.9

9,312.7

8.1

98.4

1985

112

10,417.8

9.9

9,317.3

0.0

89.9

1986

113

10,799.8

3.7

10,217.2

9.7

94.8

1987

114

11,587.1

7.3

10,966.2

7.3

95.3

1988

116

12,665.1

9.3

11,516.4

5.0

92.5

1989

117

13,616.9

7.5

11,719.3

1.8

86.9

1990

122

14,346.2

5.4

12,847.3

9.6

91.1

1991

122

16,480.1

14.9

15,152.6

17.9

93.5

1992

124

18,152.5

10.1

17,525.5

15.7

98.4

1993

126

19,814.5

9.2

18,957.5

8.2

97.1

1994

124

22,082.5

11.4

19,356.2

2.1

88.4

1995

125

22,554.7

2.1

19,449.4

0.5

86.8

1996

129

21,714.6

-3.7

19,262.4

-1.0

89.2

1997

132

20,752.5

-4.4

19,245.3

-0.1

93.1

1998

130

19,958.9

-3.8

19,972.5

3.8

99.5

1999

126

19,776.0

-0.9

20,776.4

4.0

104.7

2000

125

20,358.2

2.9

20,354.8

-2.0

99.8

2001

125

21,340.9

4.8

20,144.7

-1.0

94.4

2002

118

21,967.9

2.9

20,358.2

1.1

92.6

2003

112

22,324.8

1.6

19,583.8

-3.8

87.6

2004

109

22,504.2

0.8

19,223.0

-1.8

85.4

2005

106

22,005.3

-2.2

18,952.9

-1.4

86.1

2006

103

21,221.4

-3.6

18,788.9

-0.9

88.4

2007

104

20,800.4

-2.0

19,094.5

1.6

91.8

2008

106

20,371.9

-2.1

19,560.7

2.4

96.0

2009

104

20,056.6

-1.5

19,420.0

-0.7

97.0

2010

100

20,158.0

0.5

20,060.2

3.3

99.6

2011

99

20,887.0

3.6

20,444.1

1.9

98.1

average annual rates of change as % 1976–1980

x

9.4

x

11.0

x

x

1980–1990

x

6.2

x

5.6

x

x

1990–2000

x

3.6

x

4.7

x

x

2000–2010

x

-0.1

x

-0.1

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

71 year

Premium income and claims expenditure in motor vehicle third party liability insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

96

4,164.8

°

3,992.1

°

96.0

1980

99

5,659.2

0.9

5,631.8

7.6

99.2

1982

102

6,057.1

2.1

5,858.4

0.2

96.3

1983

104

6,235.8

3.0

6,393.2

9.1

102.5

1984

107

6,483.5

4.0

6,610.7

3.4

102.0

1985

110

7,189.3

10.9

6,795.3

2.8

95.0

1986

110

7,355.5

2.3

7,298.2

7.4

99.2

1987

112

7,670.2

4.3

7,693.9

5.4

100.7

1988

113

8,257.6

7.7

8,122.8

5.6

99.9

1989

114

8,778.8

6.3

8,169.9

0.6

93.7

1990

119

9,370.9

6.7

8,633.3

5.7

93.5

1991

120

10,840.2

15.7

10,092.9

16.9

94.9

1992

122

11,466.0

5.8

11,130.5

10.3

98.4

1993

124

12,347.3

7.7

11,941.6

7.3

97.9

1994

123

13,276.3

7.5

12,578.9

5.3

95.3

1995

124

13,609.8

2.5

13,089.0

4.1

96.7

1996

128

13,066.3

-4.0

13,074.0

-0.1

100.6

1997

130

12,633.6

-3.3

13,442.4

2.8

106.8

1998

129

12,233.3

-3.2

13,868.8

3.2

112.8

1999

126

12,167.2

-0.5

14,138.7

1.9

115.8

2000

125

12,628.5

3.8

13,721.0

-3.0

108.4

2001

125

13,224.2

4.7

13,555.4

-1.2

102.5

2002

118

13,624.0

3.0

13,215.4

-2.5

97.0

2003

112

13,800.4

1.3

12,841.6

-2.8

93.0

2004

109

13,909.0

0.8

12,781.4

-0.5

91.9

2005

106

13,581.3

-2.4

12,578.6

-1.6

92.6

2006

103

13,097.7

-3.6

12,331.8

-2.0

94.0

2007

104

12,805.2

-2.2

12,406.9

0.6

96.9

2008

106

12,495.1

-2.4

12,165.0

-2.0

97.3

2009

104

12,148.0

-2.8

12,210.7

0.4

100.6

2010

100

12,124.1

-0.2

12,558.0

2.8

103.7

2011

99

12,550.6

3.5

12,452.2

-0.8

99.4

average annual rates of change as % 1976–1980

x

8.0

x

9.0

x

x

1980–1990

x

5.2

x

4.4

x

x

1990–2000

x

3.0

x

4.7

x

x

2000–2010

x

-0.4

x

-0.9

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

72

Premium income and claims expenditure in motor vehicle full own damage insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

°

609.3

°

490.6

°

85.0

1980

°

1,314.6

8.2

1,214.5

17.9

94.2

1982

°

1,539.0

-2.2

1,398.6

0.7

89.7

1983

105

1,731.2

12.5

1,498.0

7.1

88.0

1984

108

1,895.3

9.5

1,769.4

18.1

94.1

1985

111

2,065.6

9.0

1,776.3

0.4

86.6

1986

110

2,267.4

9.8

2,063.9

16.2

92.0

1987

112

2,684.6

18.4

2,380.0

15.3

90.1

1988

114

3,082.1

14.8

2,540.4

6.7

84.6

1989

115

3,362.4

9.1

2,696.1

6.1

81.5

1990

120

3,528.1

4.9

3,167.2

17.5

92.7

1991

120

4,163.9

18.0

4,058.3

28.1

98.9

1992

123

5,013.4

20.4

5,121.2

26.2

105.6

1993

125

5,744.7

14.6

5,632.0

10.0

100.1

1994

120

6,565.4

14.3

5,302.5

-5.9

82.0

1995

121

6,558.3

-0.1

4,911.2

-7.4

75.6

1996

123

6,215.2

-5.2

4,757.5

-3.1

77.2

1997

128

5,830.4

-6.2

4,511.9

-5.2

77.8

1998

126

5,567.5

-4.5

4,818.4

6.8

86.0

1999

121

5,562.4

-0.1

5,298.7

10.0

94.9

2000

120

5,747.7

3.3

5,372.7

1.4

93.3

2001

120

6,171.1

7.4

5,414.4

0.8

87.7

2002

113

6,436.5

4.3

5,770.3

6.6

89.6

2003

107

6,628.7

3.0

5,541.1

-4.0

83.5

2004

105

6,709.9

1.2

5,329.3

-3.8

79.4

2005

102

6,582.3

-1.9

5,312.1

-0.3

80.7

2006

99

6,374.8

-3.2

5,406.1

1.8

84.7

2007

100

6,302.5

-1.1

5,597.6

3.5

88.9

2008

102

6,260.2

-0.7

6,153.2

9.9

98.3

2009

100

6,372.6

1.8

6,152.4

0.0

96.8

2010

96

6,529.8

2.5

6,481.1

5.3

99.5

2011

94

6,811.2

4.3

6,872.0

6.0

101.1

1976–1980

x

21.2

x

25.4

x

x

1980–1990

x

10.4

x

10.1

x

x

average annual rates of change as %

1990–2000

x

5.0

x

5.4

x

x

2000–2010

x

1.3

x

1.9

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

73 year

Premium income and claims expenditure in motor vehicle partial own damage insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

°

461.8

°

316.7

°

68.4

1980

°

584.0

-1.1

469.3

10.8

79.7

1982

°

660.7

4.3

570.4

7.2

86.4

1983

103

754.7

14.2

624.6

9.5

83.5

1984

105

765.9

1.5

841.1

34.7

109.9

1985

109

822.0

7.3

658.4

-21.7

80.2

1986

109

824.6

0.3

763.8

16.0

92.1

1987

110

865.1

4.9

804.4

5.3

93.3

1988

113

942.2

8.9

756.3

-6.0

81.1

1989

113

1,086.1

15.3

758.2

0.2

70.7

1990

117

1,047.5

-3.6

952.3

25.6

90.0

1991

117

1,064.5

1.6

906.2

-4.8

86.4

1992

120

1,266.8

19.0

1,190.4

31.4

95.3

1993

122

1,324.3

4.5

1,305.4

9.7

100.1

1994

119

1,857.6

40.3

1,402.3

7.4

76.5

1995

121

2,020.9

8.8

1,381.6

-1.5

68.7

1996

123

2,095.2

3.7

1,368.6

-0.9

65.5

1997

127

1,979.8

-5.5

1,234.7

-9.8

62.3

1998

124

1,869.8

-5.6

1,234.3

0.0

65.6

1999

120

1,782.0

-4.7

1,292.7

4.7

72.3

2000

119

1,739.7

-2.4

1,222.4

-5.4

70.0

2001

119

1,724.7

-0.9

1,141.0

-6.7

66.1

2002

112

1,705.4

-1.1

1,344.8

17.9

78.8

2003

107

1,713.2

0.5

1,178.6

-12.4

68.7

2004

105

1,720.6

0.4

1,088.8

-7.6

63.2

2005

102

1,686.0

-2.0

1,040.0

-4.5

61.7

2006

99

1,603.2

-4.9

1,027.1

-1.2

63.9

2007

100

1,561.5

-2.6

1,061.4

3.3

67.9

2008

102

1,495.4

-4.2

1,214.2

14.4

81.2

2009

100

1,421.7

-4.9

1,034.3

-14.8

72.8

2010

96

1,393.8

-2.0

998.9

-3.4

71.7

2011

95

1,419.7

1.9

1,099.0

10.0

77.5

average annual rates of change as % 1976–1980

x

6.0

x

10.3

x

x

1980–1990

x

6.0

x

7.3

x

x

1990–2000

x

5.2

x

2.5

x

x

2000–2010

x

-2.2

x

-2.0

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

74

Premium income and claims expenditure in motor accident insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

94

239.5

°

80.8

°

33.9

1980

98

271.0

7.5

105.1

4.9

38.2

1982

101

300.1

3.7

100.7

0.7

33.1

1983

103

315.3

5.1

100.6

-0.1

31.5

1984

105

330.7

4.9

91.4

-9.1

27.6

1985

108

340.9

3.1

87.4

-4.5

25.5

1986

108

352.2

3.3

91.3

4.5

25.8

1987

110

367.2

4.3

88.0

-3.7

24.1

1988

112

383.2

4.3

96.9

10.1

25.3

1989

113

389.6

1.7

95.1

-1.8

24.3

1990

116

399.8

2.6

94.7

-0.5

23.7

1991

117

411.5

2.9

95.3

0.6

23.2

1992

120

406.3

-1.3

83.4

-12.4

20.6

1993

122

398.1

-2.0

78.4

-6.0

19.7

1994

118

383.2

-3.7

72.4

-7.6

18.9

1995

120

365.7

-4.6

67.6

-6.6

18.8

1996

122

337.9

-7.6

62.4

-7.8

18.4

1997

125

308.7

-8.6

56.3

-9.8

18.1

1998

123

288.3

-6.6

51.0

-9.4

17.6

1999

120

264.4

-8.3

46.3

-9.3

17.4

2000

120

242.4

-8.3

38.6

-16.6

15.8

2001

117

220.9

-8.9

33.8

-12.3

15.3

2002

111

202.1

-8.5

27.7

-18.3

13.7

2003

105

182.6

-9.7

22.5

-18.7

12.3

2004

102

164.7

-9.8

23.4

4.2

14.2

2005

100

155.6

-5.5

22.3

-4.8

14.3

2006

95

145.7

-6.4

23.9

7.0

16.3

2007

94

131.2

-9.9

28.5

19.5

21.7

2008

96

121.2

-7.7

28.4

-0.5

23.4

2009

93

114.2

-5.7

22.6

-20.4

19.8

2010

91

110.2

-3.6

22.1

-2.1

20.1

2011

90

105.4

-4.3

20.8

-5.8

19.8

1976–1980

x

3.1

x

6.8

x

x

1980–1990

x

4.0

x

-1.0

x

x

average annual rates of change as %

1990–2000

x

-4.9

x

-8.6

x

x

2000–2010

x

-7.6

x

-5.4

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

75 year

Premium income and claims expenditure in private accident insurance* number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1950

63

29.3

13.7

°

°

°

1960

91

124.2

12.2

62.2

11.7

57.3

1965

104

242.2

15.9

107.4

12.7

51.2

1970

99

456.4

16.5

213.9

20.3

54.8

1975

107

828.1

11.7

392.2

13.3

53.6

1980

125

1,471.4

12.0

691.4

12.1

53.8

1982

126

1,766.0

7.9

824.9

6.9

53.6

1983

127

1,913.9

8.4

897.9

8.9

54.1

1984

126

2,100.4

9.7

948.4

5.6

52.1

1985

129

2,260.7

7.6

1,027.6

8.4

52.5

1986

131

2,423.4

7.2

1,113.0

8.3

53.1

1987

134

2,574.2

6.2

1,177.8

5.8

52.9

1988

137

2,752.3

6.9

1,265.5

7.4

53.3

1989

140

2,926.1

6.3

1,338.0

5.7

53.0

1990

147

3,139.8

7.3

1,419.8

6.1

52.6

1991

151

3,767.1

20.0

1,591.8

12.1

50.1

1992

157

3,993.2

6.0

1,722.5

8.2

50.0

1993

156

4,165.3

4.3

1,848.6

7.3

51.0

1994

161

4,417.1

6.0

1,996.0

8.0

51.4

1995

165

4,662.5

5.6

2,165.6

8.5

54.1

1996

161

4,824.8

3.5

2,285.7

5.5

55.5

1997

162

4,986.9

3.4

2,406.7

5.3

57.1

1998

161

5,134.4

3.0

2,471.9

2.7

57.4

1999

156

5,300.2

3.2

2,509.8

1.5

57.0

2000

156

5,403.6

2.0

2,460.4

-2.0

55.2

2001

157

5,484.7

1.5

2,451.6

-0.4

54.4

2002

153

5,603.9

2.2

2,392.4

-2.4

52.4

2003

152

5,808.4

3.6

2,546.1

6.4

54.5

2004

148

5,969.2

2.8

2,586.2

1.6

54.6

2005

145

6,034.3

1.1

2,661.5

2.9

56.1

2006

142

6,237.0

3.4

2,794.6

5.0

57.4

2007

142

6,312.2

1.2

2,813.4

0.7

56.9

2008

142

6,359.1

0.7

2,855.6

1.5

57.1

2009

135

6,389.0

0.5

2,927.6

2.5

58.2

2010

134

6,411.2

0.3

3,037.3

3.7

60.2

2011

135

6,487.1

1.2

3,070.2

1.1

60.2 x

average annual rates of change as % 1950–1960

x

15.5

x

°

x

1960–1970

x

13.9

x

13.1

x

x

1970–1980

x

12.4

x

12.4

x

x

1980–1990

x

7.9

x

7.5

x

x

1990–2000

x

5.6

x

5.7

x

x

2000–2010

x

1.7

x

2.1

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross risk premiums (i.e. without the savings portion of accident insurance products with guaranteed premium return) Source: GDV

76

Premium income and claims expenditure in legal expenses insurance* year

number of insurance companies

premium income1 in EUR m

change against previous year as %

claims expenditure2 in EUR m

change against previous year as %

claims ratio as %3

1976

23

537.6

17.6

300.8

°

59.7

1980

26

840.1

10.2

531.9

15.7

65.2

1982

28

1,019.0

9.7

684.1

10.7

68.8

1983

28

1,081.1

6.1

739.3

8.1

69.5

1984

28

1,142.6

5.7

780.3

5.5

69.3

1985

31

1,209.3

5.8

828.7

6.2

69.7

1986

32

1,270.9

5.1

910.5

9.9

72.4

1987

32

1,336.2

5.1

979.1

7.5

74.0

1988

32

1,416.3

6.0

1,013.8

3.5

72.6

1989

32

1,520.1

7.3

1,050.8

3.7

70.4

1990

33

1,631.2

7.3

1,118.1

6.4

69.5

1991

36

1,771.6

8.6

1,187.5

6.2

68.1

1992

39

1,889.6

6.7

1,309.4

10.3

70.4

1993

41

2,003.1

6.0

1,453.1

11.0

73.7

1994

42

2,099.5

4.8

1,626.2

11.9

78.7

1995

45

2,216.2

5.6

1,776.0

9.2

81.6

1996

45

2,332.4

5.2

1,852.1

4.3

80.4

1997

49

2,467.2

5.8

1,913.6

3.3

78.8

1998

48

2,605.2

5.6

1,950.1

1.9

75.4

1999

49

2,635.1

1.1

1,937.9

-0.6

73.6

2000

48

2,689.9

2.1

1,922.3

-0.8

71.5

2001

49

2,707.0

0.6

1,965.7

2.3

72.4

2002

51

2,726.7

0.7

2,041.6

3.9

74.8

2003

50

2,827.2

3.7

2,083.4

2.0

74.2

2004

49

2,924.1

3.4

2,137.5

2.6

73.5

2005

50

3,013.9

3.1

2,228.9

4.3

74.2

2006

51

3,065.8

1.7

2,215.4

-0.6

72.4

2007

51

3,158.0

3.0

2,222.9

0.3

70.7

2008

49

3,203.7

1.4

2,275.5

2.4

71.2

2009

46

3,206.2

0.1

2,410.4

5.9

75.0

2010

47

3,247.5

1.3

2,335.7

-3.1

71.9

2011

49

3,330.6

2.6

2,338.4

0.1

70.6

average annual rates of change as % 1976–1980

x

11.8

x

15.3

x

x

1980–1990

x

6.9

x

7.7

x

x

1990–2000

x

5.1

x

5.6

x

x

2000–2010

x

1.9

x

2.0

x

x

* German direct business 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year 3 gross claims incurred for the accounting year as % of earned gross premiums Source: GDV

77 year

Premium income and claims expenditure in roadside assistance* number of insurance companies

premium income1 in EUR m

claims expenditure2

change against previous year as %

in EUR m

change against previous year as %

1978

36

3.8

°

1.9

°

1980

46

13.7

57.4

4.9

38.7

1982

47

22.4

21.4

7.0

12.2

1983

50

26.2

16.8

8.2

17.8

1984

51

30.5

16.5

10.4

26.7

1985

51

35.0

14.9

12.6

20.8

1986

51

40.9

16.9

16.1

27.6

1987

50

47.0

14.7

19.7

22.3

1988

51

53.3

13.6

22.2

12.7

1989

51

60.1

12.7

25.7

15.9

1990

50

66.9

11.4

30.5

18.7

1991

56

75.4

12.6

36.1

18.5

1992

55

82.0

8.8

38.6

6.9

1993

59

85.6

4.4

39.0

1.1 0.7

1994

56

86.7

1.2

39.3

1995

58

87.1

0.5

41.7

6.2

1996

65

88.2

1.3

45.7

9.6

1997

75

117.5

x

58.4

x

1998

70

118.0

0.4

56.8

-2.7

1999

70

118.1

0.1

68.6

20.8

2000

76

127.4

7.8

75.7

10.2

2001

79

131.5

3.3

81.9

8.3

2002

77

130.9

-0.5

81.8

-0.1

2003

77

136.2

4.0

89.4

9.2

2004

75

148.2

8.9

91.2

2.1

2005

75

140.2

-5.4

92.1

0.9

2006

75

143.6

2.4

98.2

6.7

2007

77

148.1

3.1

111.7

13.7

2008

78

155.6

5.0

132.6

18.7

2009

77

162.3

4.3

175.3

x

2010

78

165.2

1.8

193.4

10.3

20113

81

170.9

3.4

195.3

1.0

average annual rates of change as % 1980–1990

x

17.2

x

20.1

x

1990–2000

x

6.6

x

9.5

x

2000–2010

x

2.6

x

9.8

x

* German direct business; until 1996 only individual contracts, due to this modification no rate of change for 1997 displayed 1 written gross premiums; without insurance premium tax 2 gross claims incurred for the accounting year; from 2009 incl. group contracts, due to this modification no rate of change for 2009 displayed 3 partly provisional figures Source: GDV

78

Technical results in property & casualty insurance by class* insurance class

2006

2007

2008

2009

2010

20111

claims ratio as %2 total of property insurance

68.3

81.3

71.4

68.1

73.6

72.6

– private property insurance, of which:

63.9

82.0

68.0

64.3

69.6

67.7

78.2

110.0

85.0

76.9

85.8

81.3

– c omprehensive insurance on buildings – c omprehensive insurance on contents

44.5

44.2

44.2

46.4

45.5

47.3

– non-private property insurance

72.8

80.4

75.0

72.1

78.0

78.0

– industrial / commercial / agricultural property insurance

73.4

82.3

75.7

72.7

79.4

80.8

– engineering insurance / EI-BI

70.3

72.8

72.6

70.0

72.8

68.6

marine and aviation insurance3

62.0

68.6

68.1

65.5

64.0

67.7

credit, surety and fidelity insurance

50.9

51.9

70.9

76.7

43.1

47.5

general liability insurance

65.4

64.5

67.0

67.5

69.5

66.9

motor insurance (incl. MA)

88.4

91.8

96.0

97.0

99.6

98.1

of which: – motor vehicle TPL

94.0

96.9

97.3

100.6

103.7

99.4

– motor vehicle full own damage

84.7

88.9

98.3

96.8

99.5

101.1 77.5

– motor vehicle partial own damage

63.9

67.9

81.2

72.8

71.7

private accident insurance2

57.4

56.9

57.1

58.2

60.2

60.2

legal expenses insurance

72.4

70.7

71.2

75.0

71.9

70.6

74.1

78.6

78.8

78.5

80.3

79.4

total of property & casualty insurance4

combined ratio as %5 total of property insurance

92.2

105.0

95.4

92.5

99.3

97.4

– private property insurance, of which:

91.8

109.7

95.6

92.6

98.9

96.3

102.8

133.8

109.5

101.9

112.2

106.6

– c omprehensive insurance on buildings – c omprehensive insurance on contents

75.4

75.7

74.9

78.7

78.5

79.8

– non-private property insurance

92.6

100.1

95.2

92.4

99.8

98.6

– industrial / commercial / agricultural property insurance

93.7

101.3

96.1

93.0

102.5

102.2

– engineering insurance / EI-BI

87.1

92.1

91.8

90.3

89.9

86.7

marine and aviation insurance3

89.2

89.8

95.7

98.1

95.8

98.6

credit, surety and fidelity insurance

60.5

72.0

77.9

90.8

56.9

67.3

general liability insurance

85.4

89.3

89.1

90.7

91.1

90.9

motor insurance (incl. MA)

95.4

98.1

101.6

103.3

107.4

107.4

of which: – motor vehicle TPL

95.3

97.3

96.2

100.5

105.9

104.3

– motor vehicle full own damage

98.4

102.2

112.3

111.0

113.8

115.1 101.2

– motor vehicle partial own damage

87.0

90.6

104.7

96.8

95.2

private accident insurance5

86.1

79.8

78.2

79.3

80.3

79.6

legal expenses insurance

99.1

97.8

95.5

99.0

99.6

97.7

total of property & casualty insurance4

91.4

95.7

94.9

95.6

98.2

97.9

* German direct business 1 partly provisional figures 2 gross claims incurred for the accounting year as % of earned gross premiums; private accident insurance: as % of earned gross risk premiums (i.e. without the savings portion of accident insurance products with guaranteed premium return) 3 from 2010 incl. aviation insurance and aircraft and spacecraft liability insurance 4 without nuclear insurance and pecuniary damage liability insurance; until 2009 without aviation insurance and aircraft and spacecraft liability insurance 5 claims-expenses ratio after settlement; as % of earned gross premiums; private accident insurance: as % of earned gross risk premiums (without the savings portion of accident insurance products with guaranteed premium return) Source: GDV; BaFin

79

Investment portfolio of property & casualty insurance companies* – in absolute figures

type of investments

2007

2008

2009

2010

2011

101.4

103.1

106.4

105.5

108.2

1.5

1.4

1.3

1.2

1.1

32.9

30.6

29.0

27.0

26.2 16.9

in EUR bn1 bonds and debentures mortgages loans

21.0

21.2

19.8

17.6

loans to states

loans to credit institutions

5.8

6.1

7.3

7.4

7.8

loans to companies

3.8

3.0

1.8

1.9

1.4

policy loans

0.0

0.0

0.1

0.0

0.0

other

2.3

0.3

0.0

0.1

0.1 23.8

mortgage bonds

24.0

24.0

25.4

24.5

government bonds

3.7

3.3

4.0

4.6

5.0

corporate bonds

1.4

2.2

3.0

3.1

3.2

26.7

30.1

30.9

32.8

34.8

bonds and debentures included in funds subordinated loans and profit participation rights

3.9

4.0

3.6

3.7

3.6

call money, time and fixed deposits

4.9

5.1

5.9

5.4

5.6 4.8

other bonds and debentures

2.3

2.4

3.3

3.4

14.2

8.5

7.7

8.2

6.4

directly held

1.4

1.1

0.1

0.8

0.7

held in funds

12.8

7.5

6.9

7.4

5.7

14.6

14.9

14.0

15.3

15.4

shares

participating interests real estate

5.3

5.2

5.3

5.1

5.5

directly held

4.5

4.3

4.5

4.2

4.4

held in funds

0.9

0.9

0.9

1.0

1.0

other investments

4.9

5.1

4.6

3.9

2.6

140.5

136.9

138.0

138.0

138.0

equity capital

29.5

28.4

28.0

29.6

°

technical provisions

96.3

97.4

100.9

100.5

°

total for information:

* as per end of year 1 without deposit receivables from the reinsurance business assumed as reinsurance cover Source: BaFin; GDV

79

Investment portfolio of property & casualty insurance companies* – in percentages type of investments

2007

2008

2009

2010

2011

72.1

75.3

77.1

76.5

78.4

1.1

1.0

0.9

0.8

0.8

23.4

22.3

21.0

19.6

19.0 12.2

as %1 bonds and debentures mortgages loans

14.9

15.5

14.3

12.7

loans to states

loans to credit institutions

4.1

4.5

5.3

5.4

5.7

loans to companies

2.7

2.2

1.3

1.3

1.0

policy loans

0.0

0.0

0.1

0.0

0.0

other

1.7

0.2

0.0

0.1

0.1 17.2

mortgage bonds

17.1

17.6

18.4

17.7

government bonds

2.6

2.4

2.9

3.3

3.6

corporate bonds

1.0

1.6

2.2

2.3

2.3

19.0

22.0

22.4

23.8

25.2

bonds and debentures included in funds subordinated loans and profit participation rights

2.7

2.9

2.6

2.7

2.6

call money, time and fixed deposits

3.5

3.7

4.3

3.9

4.0 3.5

other bonds and debentures shares directly held held in funds participating interests real estate

1.6

1.8

2.4

2.4

10.1

6.2

5.6

5.9

4.6

1.0

0.8

0.5

0.6

0.5

9.1

5.5

5.0

5.4

4.2

10.4

10.9

10.2

11.1

11.2

3.8

3.8

3.8

3.7

4.0

directly held

3.2

3.1

3.2

3.0

3.2

held in funds

0.6

0.7

0.6

0.7

0.7

other investments

3.5

3.7

3.3

2.8

1.9

100.0

100.0

100.0

100.0

100.0

total

* as per end of year 1 without deposit receivables from the reinsurance business assumed as reinsurance cover Source: BaFin; GDV

80 accounting year

Premium income and claims expenditure of reinsurance companies*

number of reinsurers

premiums earned incl. additional charges net of retrocession in EUR m

change against previous year as %

for information: foreign business as %1

claims expenditure, net of retrocession2 in EUR m

as % of earned premiums, net of retrocession

1960

28

742.9

°

°

453.3

61.0

1965

32

1,407.2

°

°

900.4

64.0

1970

25

2,078.5

°

°

1,451.8

69.8

1971

26

2,513.1

20.9

°

1,683.6

67.0

1972

25

2,850.2

13.4

°

1,878.7

65.9

1973

25

3,151.3

10.6

°

2,013.6

63.9

1974

25

3,420.5

8.5

°

2,112.2

61.8

1975

26

3,866.9

13.1

30.9

2,445.6

63.2

1976

29

4,339.0

12.2

32.8

2,833.4

65.3

1977

28

4,801.3

10.7

35.1

3,091.6

64.4

1978

29

5,394.7

12.4

35.5

3,548.8

65.8

1979

30

6,083.8

12.8

36.1

4,083.0

67.1

1980

30

7,141.0

17.4

40.4

4,832.7

67.7

1981

29

8,015.3

12.2

42.4

5,527.2

69.0

1982

28

8,398.3

4.8

42.0

5,955.1

70.9

1983

28

8,779.2

4.5

42.3

6,320.0

72.0

1984

28

9,381.3

6.9

44.3

6,811.8

72.6

1985

29

10,784.8

15.0

38.0

7,738.8

71.8

1986

30

11,157.1

3.5

36.6

7,763.3

69.6

1987

31

11,631.5

4.3

34.3

7,960.9

68.4

1988

29

12,612.5

8.4

34.7

8,407.9

66.7

1989

28

13,112.4

4.0

33.8

8,895.8

67.8

1990

28

13,713.0

8.7

34.2

10,123.9

73.8

1991

31

15,671.1

14.3

34.1

11,233.3

71.7

1992

32

17,872.5

14.0

36.3

12,685.0

71.0

1993

32

21,105.2

18.1

38.9

13,969.4

66.2

1994

33

21,528.9

2.0

36.6

14,088.1

65.4

1995

36

21,969.8

2.0

35.4

14,469.9

65.9

1996

33

22,411.1

2.0

37.6

14,509.0

64.7

1997

35

24,173.3

7.9

40.7

16,111.4

66.6

1998

40

23,969.3

-0.8

41.9

15,950.3

66.5

1999

39

26,147.4

9.1

46.9

19,594.9

74.9

2000

36

28,842.8

10.3

51.1

19,641.2

68.1

2001

37

31,808.2

10.3

55.5

24,484.6

77.0

2002

42

41,047.6

29.0

60.4

25,984.4

63.3

2003

43

40,157.1

-2.2

60.5

22,910.3

57.1

2004

44

37,126.5

-7.5

59.3

22,157.6

59.7

2005

43

35,672.9

-3.9

61.0

22,964.8

64.4

2006

43

36,014.6

1.0

60.7

19,307.4

53.6

2007

42

32,298.2

-10.3

61.6

17,925.2

55.5

2008

41

31,393.4

-2.8

65.2

17,654.7

56.2

2009

38

34,673.6

10.4

68.9

19,532.0

56.3

2010

37

36,191.2

4.4

73.1

22,944.4

63.4

* inward reinsurance of specialist reinsurers, which are included in the BaFin reports 1 share of written gross premiums from foreign ceding insurers in total business of reinsurance companies 2 claims incurred for the accounting year Source: BaFin

81

Premium income* of reinsurance companies by class insurance class

1960

1980

2000

2005

2006

2007

2008

2009

2010

share as %1 private accident

3.8

4.5

3.9

4.1

3.4

3.4

3.3

3.1

3.0

general liability

7.7

10.4

8.6

10.7

9.5

9.7

9.3

9.1

8.5

motor

35.4

23.9

19.0

14.2

14.7

15.1

14.2

12.0

11.5

fire

21.6

25.3

15.0

15.6

13.8

14.6

14.8

14.0

13.5

°

°

2.9

4.6

4.2

2.9

2.6

2.5

1.8

marine

10.6

7.3

4.4

4.1

4.0

4.5

4.6

3.9

3.7

life

10.4

10.3

22.8

26.5

29.8

27.0

27.9

30.5

30.3

others

10.5

18.3

23.4

20.2

20.6

22.8

23.3

24.9

27.7

aerospace2

* earned gross premiums total insurance business 1 as % of total earned gross premiums 2 incl. liability insurance Source: BaFin

82

Claims ratios and technical results of reinsurance companies by class insurance class

1980

2000

2005

2006

2007

2008

2009

2010

55.5

56.2

56.3

73.7

claims ratio as %1 total

67.7

72.2

64.4

53.6

of which: private accident

52.4

46.1

42.7

47.7

39.6

39.6

38.6

56.5

general liability

66.3

81.6

51.7

57.1

66.5

65.0

69.5

90.3

motor

79.5

90.6

73.2

79.9

79.4

88.7

82.9

99.5

fire

70.7

87.9

97.8

46.0

54.5

67.3

54.8

104.8

102.7

98.2

25.1

28.5

53.0

27.0

45.2

91.1

marine

81.8

94.2

76.0

39.2

38.5

53.2

49.7

86.5

life

34.0

46.9

55.4

46.0

47.3

38.9

41.1

50.4

3.5

1.2

aerospace2

technical result as %3 total

-4.1

-9.7

-4.7

4.4

2.8

1.0

of which: private accident

1.3

1.8

-67.2

-59.5

-29.0

-29.3

-8.4

11.8

general liability

2.0

-13.8

-23.7

1.3

-9.9

-8.4

-35.7

-24.7 -3.7

motor

-3.2

-13.9

1.1

-10.4

-4.9

-14.3

-0.8

fire

-9.2

-21.6

-16.0

33.5

18.8

13.3

36.2

3.6

aerospace2

-23.4

-23.5

23.3

34.8

-16.8

18.5

30.4

22.0

marine

-11.8

-25.2

-14.8

-26.2

8.3

5.5

8.6

4.5

1.0

0.0

4.0

4.8

6.3

2.3

5.5

4.7

life

1 claims incurred for the accounting year as % of earned premiums, net of retrocession 2 without liability insurance 3 technical result, net of retrocession, before change in the equalisation provision and similar provisions as % of earned premiums, net of retrocession Source: BaFin

83

Investment portfolio of reinsurance companies*

type of investment

2007

2008

2009

2010

2011 86.9

in EUR bn1 bonds and debentures

66.1

83.4

82.4

82.2

shares

15.5

9.1

11.1

7.4

6.7

101.8

103.3

93.7

99.3

103.9

participating interests real estate other investments total

2.5

1.9

1.9

2.0

2.6

20.1

17.8

14.8

16.5

15.1

206.1

215.6

204.0

207.5

215.1 40.4

as % of investments bonds and debentures

32.1

38.7

40.4

39.6

7.5

4.2

5.5

3.6

3.1

49.4

47.9

45.9

47.9

48.3

real estate

1.2

0.9

0.9

1.0

1.2

other investments

9.8

8.3

7.3

7.9

7.0

100.0

100.0

100.0

100.0

100.0

shares participating interests

total

in EUR bn1 for information: equity capital technical provisions

71.0

70.8

72.6

71.3

°

111.4

109.5

106.6

111.3

°

* as per end of year 1 without deposit receivables from the insurance business assumed as reinsurance cover Source: BaFin; GDV

84

Development of the population 1950–2060* ages from … to under … years

1950

1960

1970

1980

1990

2000

numbers in 1,000 under 20

21,084

20,760

23,413

20,972

17,307

17,390

20–35

13,284

16,104

16,480

16,764

19,572

16,277

35–50

16,145

13,050

14,735

16,363

15,809

19,326

50–65

12,084

14,763

12,663

12,135

15,153

15,572

20–65 total

41,513

43,916

43,877

45,261

50,534

51,176

65 and older

6,749

8,470

10,780

12,164

11,912

13,694

73,147

78,069

78,397

79,753

82,260

total

69,346

as % of total population under 20

30.4

28.4

30.0

26.8

21.7

21.1

20–35

19.2

22.0

21.1

21.4

24.5

19.8

35–50

23.3

17.8

18.9

20.9

19.8

23.5

50–65

17.4

20.2

16.2

15.5

19.0

18.9

20–65 total

59.9

60.0

56.2

57.7

63.4

62.2

65 and older

9.7

11.6

13.8

15.5

14.9

16.6

100.0

100.0

100.0

100.0

100.0

100.0

16.3

19.3

24.6

26.9

23.6

26.8

total old age dependency ratio1 ages from … to under … years

2010

2020

2030

2040

2050

2060 10,085

numbers in 1,000 under 20

15,082

13,624

12,926

11,791

10,700

20–35

14,789

13,683

11,807

10,964

10,516

9,477

35–50

18,692

14,708

14,598

12,815

11,528

11,171

50–65

16,344

19,245

15,743

14,550

13,678

11,943

20–65 total

49,826

47,636

42,148

38,329

35,722

32,591

65 and older

16,844

18,653

22,275

23,709

22,988

21,975

total

81,752

79,914

77,350

73,829

69,412

64,651

as % of total population under 20

18.5

17.1

16.2

14.8

13.4

12.6

20–35

18.1

17.1

14.8

13.7

13.2

11.9

35–50

22.9

18.4

18.3

16.0

14.4

14.0

50–65

20.0

24.1

19.7

18.2

17.1

14.9

20–65 total

61.0

59.6

52.7

48.0

44.7

40.8

65 and older

20.6

23.3

27.9

29.7

28.8

27.5

100.0

100.0

100.0

100.0

100.0

100.0

33.8

39.2

52.8

61.9

64.4

67.4

total old age dependency ratio1

* each as per end of year; from 2020 estimated figures of the 12th co-ordinated population forecast, variant 1-W1: birth rate approximately constant, life expectancy: baseline, migration balance: 100,000 p.a. 1 number of persons aged 65 and over per 100 persons aged 20–64 Source: StBA

85 mortality table for period

Development of mortality

average remaining duration of life at specified ages of … years according to the respectively prevailing mortality conditions1 0

1

30

60

80

0

1

men

30

60

80

women West2

1871/81

35.6

46.5

31.4

12.1

4.1

38.5

48.1

33.1

12.7

4.2

1891/1900

40.6

51.9

33.5

12.8

4.2

44.0

53.8

35.6

13.6

4.5

1932/34

59.9

64.4

39.5

15.1

4.8

62.8

66.4

41.1

16.1

5.2

1949/51

64.6

67.8

41.3

16.2

5.2

68.5

71.0

43.9

17.5

5.6

1960/62

66.9

68.3

41.1

15.5

5.2

72.4

73.5

45.5

18.5

5.9

1980/82

70.2

70.1

42.4

16.5

5.7

76.9

76.7

48.4

20.8

7.0

1997/99

74.8

74.2

44.0

19.2

7.0

80.7

80.1

51.5

23.4

8.4

East3 1956/57

66.3

69.0

42.0

16.2

5.3

71.0

73.0

45.3

18.5

5.9

1969/70

68.8

69.3

41.9

16.1

6.0

74.2

74.4

46.4

19.3

6.6

1985/86

69.6

69.4

41.6

15.9

5.1

75.5

75.1

46.8

19.2

6.0

1997/99

73.0

72.4

44.4

18.3

6.5

80.0

79.3

50.8

22.7

8.1

Germany 1997/99

74.4

73.8

45.7

19.0

6.9

80.6

79.9

51.3

23.3

8.4

1999/2001

75.1

74.5

46.3

19.5

7.1

81.1

80.4

51.8

23.7

8.6

2000/2002

75.4

74.7

46.5

19.7

7.1

81.2

80.5

51.9

23.8

8.6

2001/2003

75.6

74.9

46.7

19.8

7.1

81.3

80.7

52.0

23.9

8.6

2002/2004

75.9

75.2

46.9

20.1

7.2

81.6

80.9

52.2

24.1

8.6

2003/2005

76.2

75.6

47.2

20.3

7.4

81.8

81.1

52.4

24.3

8.7

2004/2006

76.6

76.0

47.6

20.6

7.5

82.1

81.4

52.7

24.5

8.9

2005/2007

76.9

76.2

47.8

20.8

7.6

82.3

81.5

52.9

24.6

8.9

2006/2008

77.2

76.5

48.1

20.9

7.7

82.4

81.7

53.0

24.7

9.0

2007/2009

77.3

76.7

48.2

21.0

7.7

82.5

81.8

53.1

24.8

9.0

2008/2010

77.5

76.8

48.4

21.2

7.7

82.6

81.9

53.2

24.9

9.1

1 no statement on future life expectancy possible on this basis due to the upward trend in the age of death 2 until 1932/34 Reich territory, 1949/51 former FRG territory without the Saar and Berlin, 1960/62 until 1997/99 former FRG territory 3 territory of the East German Länder and East Berlin Source: StBA

86

Development of households 1950–2030* 1950

1961

1970

1980

1990

2000

numbers in 1,000 total numbers of households

16,650

19,460

21,991

24,811

28,175

38,124

single households

3,229

4,010

5,527

7,493

9,649

13,750

two-person households

4,208

5,128

5,959

7,123

8,520

12,720

three-person households

3,833

4,389

4,314

4,387

4,712

5,598

four-person households

2,692

3,118

3,351

3,636

3,602

4,391

household with 5 or more persons

2,687

2,787

2,839

2,176

1,493

1,665

49,850

56,012

60,176

61,481

63,492

82,473

2.99

2.88

2.74

2.48

2.25

2.16

for information: total number of persons living in households average number of persons per household

20091

2010

2011

2015

2020

2030

numbers in 1,000 total numbers of households

40,188

40,301

40,439

40,700

41,044

41,020

single households

15,995

16,195

16,337

16,687

17,118

17,799

two-person households

13,741

13,793

13,877

14,419

14,991

15,487

three-person households

5,139

5,089

5,081

4,765

4,468

3,827

four-person households

3,887

3,846

3,789

3,553

3,303

2,905

household with 5 or more persons

1,427

1,378

1,355

1,275

1,164

1,001

82,049

81,779

80,950

80,839

79,929

77,220

2.04

2.03

2.00

1.99

1.95

1.88

for information: total number of persons living in households average number of persons per household

* until 1990 former FRG territory, from 2000 Germany; until 2010 microcensus, from 2011 household projection of 2010, trends variant, based on variant 1-W1 of the 12th co-ordinated population forecast 1 due to modified classification, figures partly not comparable to previous years Source: StBA

87 year1

Volume and structure of employment total employment

male

female

employment by occupational status

1950

20,376

13,109

7,267

13,963

6,413

°

1,869

1960

26,501

16,648

9,854

20,594

5,907

°

271

1970

26,452

16,942

9,510

21,896

4,556

°

149

1980

26,874

16,782

10,092

23,635

3,240

20,954

889

1990

29,334

17,585

11,749

26,176

3,158

22,368

1,883

1998

35,860

20,509

15,351

31,878

3,982

27,208

4,279

1999

36,402

20,659

15,744

32,497

3,905

27,483

4,099

2000

36,604

20,680

15,924

32,638

3,966

27,826

3,889

2001

36,816

20,629

16,187

32,743

4,073

27,817

3,852

2002

36,536

20,336

16,200

32,469

4,068

27,571

4,060

2003

36,172

19,996

16,176

32,043

4,129

26,955

4,376

2004

35,659

19,681

15,978

31,405

4,254

26,524

4,381

2005

36,566

20,134

16,432

32,066

4,501

26,178

4,861

2006

37,344

20,477

16,867

32,830

4,513

26,354

4,487

2007

38,163

20,890

17,272

33,606

4,556

26,855

3,760

2008

38,734

21,188

17,546

34,241

4,492

27,458

3,258

2009

38,662

20,972

17,690

34,203

4,460

27,380

3,415

2010

38,938

21,048

17,891

34,459

4,480

27,710

3,238

2011

°

°

°

°

°

28,381

2,976

other services

labour force

unemployed5

employees

for information selfemployed2 employees unemployed4 subject to social insurance conributions3

numbers in 1,000

year

employment by economic sector

for information unemployed as % of labour force

agriculture, forestry, fishery

manufacturing industry

2000

987

12,102

8,417

15,097

41,918

2,880

6.9

2001

943

11,934

8,531

15,408

42,109

2,900

6.9

2002

923

11,656

8,355

15,602

42,223

3,229

7.7

2003

895

11,265

8,297

15,716

42,335

3,703

8.8

2004

832

10,986

8,188

15,653

42,713

3,931

9.2

20056

867

10,869

8,504

16,326

43,330

4,573

10.6

2006

844

11,037

8,724

16,738

43,241

4,245

9.8

2007

859

11,363

8,884

17,057

43,252

3,601

8.3

2008

873

11,492

8,896

17,475

43,352

3,136

7.2

2009

648

11,082

9,735

17,197

43,399

3,228

7.4

2010

637

10,995

9,812

17,495

43,321

2,946

6.8

trade, hotels and restaurants, transport, communication

numbers in 1,000

as %

1 until 1990 former FRG territory, from 1998 Germany 2 incl. family members assisting in business 3 as at 30 June of the respective year 4 according to the definition of BA 5 according to the definition of ILO 6 due to modified classification, figures partly not comparable to previous years Source: StBA; BA

88

Gross domestic products and its components – at current prices year1

gross domestic product

expenditure expenditure fixed capital on private on public formation consumption consumption

change in inventories

net export of goods and services

in EUR bn 1970

360.6

195.2

55.1

92.0

10.6

7.7

1980

788.5

452.1

154.9

178.1

8.5

-5.1

1990

1,306.7

717.2

234.8

277.7

4.4

72.5

1991

1,415.8

770.5

251.9

306.7

10.1

76.6

1991

1,534.6

882.6

288.9

356.8

12.2

-5.8

1995

1,848.5

1,066.5

358.1

405.0

8.0

11.0

1996

1,875.0

1,088.6

369.4

399.8

-0.8

18.0

1997

1,912.6

1,110.8

369.1

402.2

5.8

24.7

1998

1,959.7

1,130.1

374.5

414.1

14.1

26.9

1999

2,000.2

1,161.9

384.8

427.0

9.0

17.6

2000

2,047.5

1,195.0

389.6

439.6

17.4

6.3

2001

2,101.9

1,233.4

399.1

421.7

5.9

41.7

2002

2,132.2

1,240.6

410.4

391.8

-6.5

95.9

2003

2,147.5

1,264.5

415.5

382.0

1.4

84.2

2004

2,195.7

1,283.6

414.2

381.8

5.3

110.8

2005

2,224.4

1,307.0

417.3

384.5

-0.3

116.0

2006

2,313.9

1,339.5

424.7

417.8

1.8

130.1

2007

2,428.5

1,356.7

434.0

447.9

19.9

170.0

2008

2,473.8

1,387.7

452.6

460.7

18.6

154.2

2009

2,374.5

1,387.4

475.8

409.3

-16.5

118.5

2010

2,476.8

1,423.0

488.8

433.6

-4.0

135.5

2011

2,570.8

1,473.1

501.4

467.7

1.0

127.7

1995

3.7

3.3

4.3

0.8

x

x

1996

1.4

2.1

3.1

-1.3

x

x

change against previous year as %

1997

2.0

2.0

-0.1

0.6

x

x

1998

2.5

1.7

1.5

3.0

x

x

1999

2.1

2.8

2.7

3.1

x

x

2000

2.4

2.9

1.2

2.9

x

x

2001

2.7

3.2

2.5

-4.1

x

x

2002

1.4

0.6

2.8

-7.1

x

x

2003

0.7

1.9

1.2

-2.5

x

x

2004

2.2

1.5

-0.3

-0.0

x

x

2005

1.3

1.8

0.7

0.7

x

x

2006

4.0

2.5

1.8

8.7

x

x

2007

5.0

1.3

2.2

7.2

x

x

2008

1.9

2.3

4.3

2.9

x

x

2009

-4.0

-0.0

5.1

-11.2

x

x

2010

4.3

2.6

2.7

5.9

x

x

2011

3.8

3.5

2.6

7.9

x

x

average annual rates of change as % 1970–1980

8.1

8.8

10.9

6.8

x

x

1980–1991

5.5

5.0

4.5

5.1

x

x

1991–2000

3.3

3.4

3.4

2.3

x

x

2000–2010

1.9

1.8

2.3

-0.1

x

x

1 until first figure 1991 former FRG territory, from second figure 1991 Germany Source: StBA

89

Gross domestic product and its components – price-adjusted*

year1

gross domestic product

expenditure on expenditure on private consumption ­public consumption

fixed capital ­formation

1970

56.8

55.7

58.3

66.8

1980

75.6

77.8

89.1

78.4

1990

95.1

95.8

96.8

95.0

1991

100.0

100.0

100.0

100.0

1991

84.2

85.0

82.4

95.1

1996

89.2

92.4

93.5

98.5

1997

90.8

93.1

94.0

99.4

1998

92.5

94.3

96.1

103.4

1999

94.2

96.5

96.9

108.1

2000

97.1

98.5

98.3

110.9

2001

98.5

99.8

98.7

107.2

2002

98.6

99.2

99.9

100.7

2003

98.2

99.5

100.3

99.5

2004

99.3

99.9

99.7

99.2

2005

100.0

100.0

100.0

100.0

2006

103.7

101.5

100.9

108.2

2007

107.1

101.3

102.4

113.4

2008

108.3

101.9

105.5

115.2

2009

102.7

101.8

109.0

102.1

2010

106.5

102.5

110.9

107.7

2011

109.7

103.9

112.1

114.6

1991 = 100

2005 = 100

change against previous year as % 1996

0.8

1.1

2.4

-0.6

1997

1.7

0.8

0.6

0.9

1998

1.9

1.2

2.2

4.0

1999

1.9

2.4

0.9

4.5

2000

3.1

2.0

1.4

2.6

2001

1.5

1.3

0.4

-3.3

2002

0.0

-0.6

1.2

-6.1

2003

-0.4

0.3

0.4

-1.2

2004

1.2

0.4

-0.6

-0.2

2005

0.7

0.2

0.3

0.8

2006

3.7

1.5

0.9

8.2

2007

3.3

-0.2

1.4

4.7

2008

1.1

0.6

3.1

1.7

2009

-5.1

-0.1

3.3

-11.4

2010

3.7

0.6

1.7

5.5

2011

3.0

1.4

1.1

6.4

average annual rates of change as % 1970–1980

2.9

3.4

4.3

1.6

1980–1991

2.6

2.3

1.1

2.2

1991–2000

1.6

1.6

2.0

1.7

2000–2010

0.9

0.4

1.2

-0.3

* at prices of the preceding year as a chain index 1 until first figure 1991 former FRG territory, from second figure 1991 Germany Source: StBA

90

Gross fixed assets – price-adjusted* year

total

1997

85.6

1998

87.7

1999

residential property

non-residential property

machinery and equipment1

82.9

90.1

83.7

85.4

91.7

86.0

89.9

87.9

93.2

88.7

2000

92.2

90.3

94.7

92.0

2001

94.2

92.5

96.1

94.6

2002

95.8

94.5

97.2

96.3

2003

97.3

96.4

98.3

97.5

2004

98.7

98.3

99.2

98.7

2005

100.0

100.0

100.0

100.0

2006

101.5

101.8

100.9

102.1

2007

103.2

103.6

101.8

105.0

2008

104.8

105.3

102.7

107.9

2009

105.8

106.8

103.4

108.2

2010

107.0

108.5

104.2

109.2

2011

108.4

110.2

104.8

110.8

2005 = 100

change against previous year as % 1997

2.5

3.1

1.9

2.1

1998

2.5

3.0

1.8

2.8

1999

2.5

2.9

1.7

3.2

2000

2.5

2.7

1.6

3.6

2001

2.2

2.4

1.4

2.9

2002

1.7

2.2

1.1

1.7

2003

1.6

2.1

1.1

1.2

2004

1.4

1.9

0.9

1.2

2005

1.4

1.8

0.8

1.4

2006

1.5

1.8

0.9

2.1

2007

1.6

1.7

0.9

2.8

2008

1.6

1.6

0.9

2.8

2009

1.0

1.5

0.8

0.3

2010

1.1

1.5

0.7

0.8

2011

1.3

1.6

0.5

1.5

* existing machinery, equipment and property as per end of year; at prices of the preceding year as a chain index 1 incl. immaterial assets, farm animals and useful plants Source: StBA

91

Net fixed assets* – at replacement prices

year

total

residential property

non-residential property

machinery and equipment1

1997

6,056.6

2,924.2

2,217.5

915.0

1998

6,174.2

3,000.1

2,237.2

936.9

1999

6,276.3

3,068.2

2,246.4

961.7

2000

6,447.0

3,149.2

2,291.1

1,006.7

2001

6,552.9

3,210.0

2,311.3

1,031.5

2002

6,604.4

3,260.9

2,310.0

1,033.6

2003

6,653.3

3,312.2

2,320.0

1,021.1

2004

6,782.5

3,397.8

2,360.0

1,024.7

2005

6,892.5

3,467.4

2,384.7

1,040.5

2006

7,104.4

3,587.9

2,443.3

1,073.2

2007

7,552.4

3,845.3

2,586.1

1,121.0

2008

7,861.3

4,004.6

2,687.7

1,169.0

2009

7,967.2

4,085.4

2,720.9

1,161.0

2010

8,111.3

4,189.2

2,755.9

1,166.2

2011

8,388.5

4,359.6

2,836.0

1,192.9

in EUR bn

change against previous year as % 1997

2.0

2.9

1.1

1.2

1998

1.9

2.6

0.9

2.4

1999

1.7

2.3

1.4

2.6

2000

2.7

2.6

2.0

4.7

2001

1.6

1.9

0.9

2.5

2002

0.8

1.6

-0.1

0.2

2003

0.7

1.6

0.4

-1.2

2004

1.9

2.6

1.7

0.4

2005

1.6

2.0

1.0

1.5

2006

3.1

3.5

2.5

3.1

2007

6.3

7.2

5.8

4.5

2008

4.1

4.1

3.9

4.3

2009

1.3

2.0

1.2

-0.7

2010

1.8

2.5

1.3

0.4

2011

3.4

4.1

2.9

2.3

1997

100

48.3

36.6

15.1

1998

100

48.6

36.2

15.2

as % of net fixed assets

1999

100

48.9

35.8

15.3

2000

100

48.8

35.5

15.6

2001

100

49.0

35.3

15.7

2002

100

49.4

35.0

15.6

2003

100

49.8

34.9

15.3

2004

100

50.1

34.8

15.1

2005

100

50.3

34.6

15.1

2006

100

50.5

34.4

15.1

2007

100

50.9

34.2

14.8

2008

100

50.9

34.2

14.9

2009

100

51.3

34.2

14.6

2010

100

51.6

34.0

14.4

2011

100

52.0

33.8

14.2

* existing machinery, equipment and property as per end of year 1 incl. immaterial assets, farm animals and useful plants Source: StBA

92

Building activity and stock of residential buildings and dwellings year

dwellings1

existing number existing number existing number of dwellings2 of detached of residential houses2, 3, 4 buildings2, 3

building permits

completed constructions

1980

381

389

°

°

11,217

1990

391

256

33,856

10,345

12,423

1993

607

455

34,989

10,682

12,844

1994

713

573

35,371

12,734

15,523

1995

639

603

35,954

12,898

15,732

1996

576

559

36,493

13,050

15,924

1997

528

578

37,050

13,224

16,137

1998

476

501

37,530

13,409

16,353

1999

437

473

37,984

13,613

16,583

2000

348

423

38,384

13,811

16,802

2001

291

326

38,682

13,971

16,978

2002

274

290

38,925

14,121

17,139

2003

297

268

39,142

14,267

17,294

2004

269

278

39,362

14,423

17,459

2005

241

242

39,551

14,557

17,600

2006

248

249

39,754

14,690

17,742

2007

183

211

39,918

14,800

17,859

2008

175

176

40,057

14,884

17,950

2009

178

159

40,184

14,958

18,029

2010

188

160

40,319

15,033

18,111

20115

228

°

°

°

°

numbers in 1,000

existing dwellings2 in 1,000

as %

Baden-Württemberg

5,006

Bavaria

building permits for dwellings

completed dwellings

numbers

numbers

per 1,000 inhabitants

12.4

28,842

24,380

2.3

6,027

14.9

42,416

33,137

2.6

Berlin

1,899

4.7

5,470

4,321

1.2

Brandenburg

1,281

3.2

6,779

6,521

2.6

Bremen

355

0.9

1,118

823

1.2

Hamburg

893

2.2

4,129

3,520

2.0

Hesse

2,885

7.2

12,192

11,008

1.8

Lower Saxony

3,811

9.5

16,565

14,105

1.8

897

2.2

4,678

3,743

2.3

North Rhine-Westphalia

8,589

21.3

36,441

33,685

1.9

Rhineland-Palatinate

1,955

4.8

9,364

8,032

2.0

514

1.3

1,230

1,026

1.0

2,326

5.8

5,626

4,429

1.1

2010

Mecklenburg-West Pomerania

Saar Saxony Saxony-Anhalt

1,307

3.2

1,787

1,550

0.7

Schleswig-Holstein

1,406

3.5

8,222

6,982

2.5

Thuringia

1,166

2.9

2,773

2,570

1.1

Germany

40,319

100.0

187,632

159,832

2.0

1 total of the respective year; until 1990 former FRG territory, from 1993 Germany 2 as per end of year 3 until 1993 former FRG territory, from 1994 Germany 4 residential buildings with 1 or 2 dwellings 5 provisional figure Source: StBA

93 year

Business start-ups and insolvencies registrations of a trade or business numbers

change against previous year as %

insolvencies numbers

change against of which private ­insolvencies previous year as %

1980

°

°

9,140

°

1990

°

°

13,271

°

° °

1991

°

°

13,323

0.4

°

1992

°

°

15,302

14.9

°

1993

°

°

20,298

32.6

°

1994

°

°

24,928

22.8

°

1995

°

°

28,785

15.5

°

1996

780,013

°

31,471

9.3

°

1997

802,935

2.9

33,398

6.1

°

1998

811,377

1.1

33,947

1.7

°

1999

780,935

-3.8

34,038

0.2

3,357

2000

755,172

-3.3

42,259

24.2

10,479

2001

728,978

-3.5

49,326

16.7

13,277

2002

723,333

-0.8

84,428

71.2

21,441

2003

810,706

12.1

100,723

19.3

33,607

2004

960,533

18.5

118,274

17.4

49,123

2005

895,144

-6.8

136,554

15.5

68,898

2006

881,791

-1.5

161,430

18.2

96,586

2007

848,561

-3.8

164,597

2.0

105,238

2008

833,281

-1.8

155,202

-5.7

98,140

2009

864,415

3.7

162,907

5.0

101,102

2010

862,986

-0.2

168,458

3.4

108,798

2011

821,207

-4.8

159,418

-5.4

103,289

Source: StBA

94

Health care sector 19801

1990

1995

2005

2008

2009

2010

personnel in the health care sector (numbers in 1,000) 139

238

274

308

320

326

dentists

medical practitioners

33

55

61

65

66

67

334 68

pharmacists

28

42

49

56

59

59

60

staff in hospitals2

°

°

888

796

798

808

816

medical staff3

°

°

102

122

128

131

135

paramedical staff

°

°

786

674

669

677

681

hospitals (numbers)

3,234

2,139

2,083

2,084

2,064

health care institutions beds (numbers)

2,417

2,325

707,710 671,370 609,123 523,824 503,360 503,341 502,749

rate of capacity utilisation (as %)

84.9

86.6

82.1

74.9

77.4

77.5

77.4

expenditure on health care in EUR bn4 total

98.5

155.4

186.9

240.4

264.4

278.4

287.3

in out-patient facilities

°

°

87.6

116.6

131.7

138.1

141.4

in in-patient / semi-in-patient facilities

°

°

70.6

87.3

94.6

100.2

104.2

of which:

financed by: public finances

°

°

19.9

13.6

13.4

13.9

13.8

statutory health insurance

°

°

112.5

135.9

151.5

160.9

165.5

private health insurance

°

°

14.3

22.0

24.9

26.0

26.8

other social insurance agencies

°

°

13.1

25.5

27.3

28.8

30.2

employers

°

°

7.8

10.1

11.2

11.6

12.0

private households5 as % of GDP in EUR per capita

°

°

19.4

33.2

36.1

37.4

39.0

8.8

8.7

10.1

10.7

10.7

11.7

11.6

°

°

2,280

2,900

3,220

3,400

3,510

°

°

68.4

62.1

65.3

66.4

67.8

for information: income payments6

1 former FRG territory 2 without army hospitals, full-time equivalents, annual average 3 full-time doctors and dentists 4 without income payments 5 incl. private organisations without pecuniary reward 6 sickness benefits a.o. Source: StBA

95 year

Development of the number of vehicles on the road* total ­ umber n of motor vehicles1, 2

of which: passenger and estate cars1

for information:

lorries1

motor registrations change of vehicles with of new mo- ownership insurance tor vehicles (of used cars) plate

numbers in 1,000 1950

1,774

475

335

°

513

337

1960

7,054

3,954

594

2,213

1,212

1,493

1970

14,811

12,280

897

1,054

2,347

3,492

1980

23,929

20,428

1,114

2,110

2,791

5,511

1990

31,547

27,028

1,211

954

3,387

7,034

2000

45,328

37,734

2,204

1,595

3,972

8,363

2001

46,318

38,556

2,277

1,595

3,892

8,170

2002

47,041

39,094

2,310

1,683

3,757

7,741

2003

47,350

39,335

2,284

1,584

3,733

7,661

2004

47,726

39,657

2,255

1,663

3,775

7,479

2005

48,112

39,968

2,243

1,786

3,832

7,454

2006

48,456

40,597

2,244

1,819

3,991

7,522

2007

48,987

41,020

2,271

1,930

3,704

7,109

2008

49,330

41,184

2,323

1,984

3,650

6,960

2009

49,603

41,321

2,347

2,194

4,241

6,887

2010

50,184

41,738

2,385

2,104

3,374

7,310

2011

50,902

42,302

2,441

2,043

3,697

7,723

2012

51,735

42,928

2,529

°

°

°

change against previous year as % 2000

1.5

1.2

2.5

-8.5

-10.5

-3.3

2001

2.2

2.2

3.3

0.0

-2.0

-2.3

2002

1.6

1.4

1.5

5.5

-3.5

-5.2

2003

0.7

0.6

-1.1

-5.9

-0.7

-1.0

2004

0.8

0.8

-1.3

5.0

1.1

-2.4

2005

0.8

0.8

-0.5

7.4

1.5

-0.3

2006

0.7

1.6

0.0

1.8

4.1

0.9

2007

1.1

1.0

1.2

6.1

-7.2

-5.5

2008

0.7

0.4

2.3

2.8

-1.5

-2.1

2009

0.6

0.3

1.0

10.6

16.2

-1.0

2010

1.2

1.0

1.6

-4.1

-20.4

6.1

2011

1.4

1.4

2.4

-2.9

9.6

5.7

2012

1.6

1.5

3.6

°

°

° 16.0

average annual rates of change as % 1950–1960

14.8

23.6

5.9

°

9.0

1960–1970

7.7

12.0

4.2

-7.1

6.8

8.9

1970–1980

4.9

5.2

2.2

7.2

1.7

4.7

1980–1990

2.8

2.8

0.8

-7.6

2.0

2.5

1990–2000

3.7

3.4

6.2

5.3

1.6

1.7

2000–2010

1.0

1.0

0.8

2.8

-1.6

-1.3

* as registered in the Central Vehicle Register; figures until 2000 as at 1 July, from 2001 as at 1 January; until 1990 former FRG territory, from 2000 Germany 1 without temporary decommissions, time series of absolute values modified for the years before 2008 2 vehicles with an insurance plate are not included (not liable to registration, for relevant figures see “for information”) Source: Kraftfahrt-Bundesamt, own calculations

96

Road accidents* numbers 1970

1980

1990

2000

accidents registered by the police

1,392,007

1,684,604

2,010,575

2,350,227

accidents entailing material damage only

1,014,397

1,305,369

1,670,532

1,967,278

377,610

379,235

340,043

382,949

inside town

254,198

261,302

218,177

245,470

out of town without motorways

107,762

101,701

97,559

111,901

accidents entailing personal injury

on motorways total of casualties deaths injured persons accidents entailing personal damage and involving drivers under the influence of alcohol

15,650

16,232

24,307

25,578

550,988

513,504

456,064

511,577

19,193

13,041

7,906

7,503

531,795

500,463

448,158

504,074

50,823

46,302

30,391

25,391

numbers 2008

2009

2010

2011

accidents registered by the police

2,293,663

2,313,453

2,411,271

2,361,457

accidents entailing material damage only

1,973,049

2,002,647

2,122,974

2,055,191

320,614

310,806

288,297

306,266

221,306

213,361

195,833

210,427

out of town without motorways

81,039

79,051

73,635

77,549

on motorways

18,269

18,394

18,829

18,290

413,524

401,823

374,818

396,374

accidents entailing personal injury inside town

total of casualties deaths injured persons accidents entailing personal damage and involving drivers under the influence of alcohol

4,477

4,152

3,648

4,009

409,047

397,671

371,170

392,365

18,383

16,513

14,237

15,114

* until 1990 former FRG territory, from 2000 Germany Source: StBA

97

Transportation of goods*

year1

road transportation2

railway trans­ portation3

shipping inland waterway trans­ portation

air trans­ portation

domestic lorries

foreign lorries

1950

407.9

°

201.0

71.9

25.8

°

1960

1,184.8

8.9

308.1

167.5

67.2

°

maritime shipping4

in t m

1970

2,117.9

28.9

372.3

240.0

128.8

°

1980

2,495.5

76.9

346.0

241.0

149.1

°

1990

2,742.9

133.8

300.6

231.6

141.8

°

1991

2,768.0

150.7

415.5

230.0

147.7

1.5

1992

2,841.0

158.5

379.9

229.9

173.4

1.4

1993

2,944.0

163.4

329.2

218.3

176.9

1.5

1994

3,184.2

175.9

336.8

235.0

189.8

1.7

1995

3,169.3

181.7

333.1

237.9

198.0

2.0

1996

3,008.2

181.0

319.5

227.0

198.6

1.9

1997

2,975.0

221.0

321.5

233.5

205.3

2.0

1998

2,960.3

236.6

308.7

236.4

209.9

1.9

1999

3,171.0

254.0

290.7

229.1

211.6

2.0

2000

3,005.1

250.5

299.1

242.2

272.2

2.4

2001

2,870.3

245.4

291.1

236.1

279.4

2.1

2002

2,705.5

255.4

289.2

231.7

279.6

2.2

2003

2,728.6

306.5

303.8

220.0

289.8

2.3

2004

2,750.5

324.4

310.3

235.9

312.0

2.7

2005

2,765.0

319.9

317.3

236.8

319.8

3.0

2006

2,919.3

358.3

346.1

243.5

344.3

3.3

2007

3,027.9

384.3

361.1

249.0

357.9

3.5

2008

3,077.8

392.0

371.3

245.7

364.8

3.6

20095

2,768.7

376.4

312.1

203.9

256.0

3.4

20105

2,734.1

403.0

355.7

229.6

269.7

4.2

* domestic and cross-border transportation 1 until 1990 former FRG territory, from 1991 Germany 2 due to modified classification in 1991, 1994 and 2003, figures only limitedly comparable to previous years 3 from 2005 incl. container weight in combined transportation 4 from 2000 incl. maritime shipping of domestic ports (2000: 1.9 t m) 5 partly provisional figures Source: StBA; DIW

98

Incidence of durable goods in private households 2000

2004

2005

2006

2007

2009

2010

degree of equipment as %1 motor car

74.4

75.5

76.8

77.0

76.7

76.7

77.6

motor cycle

10.1

10.6

10.8

11.0

11.1

10.6

10.5

bicycle

77.7

79.7

79.8

81.2

80.1

80.5

80.7

telephone (fixed network)

96.4

95.1

95.9

95.2

95.4

91.5

91.6

mobile phone

29.8

72.1

76.4

80.6

81.8

86.7

88.9

fax machine

14.9

17.2

18.7

18.9

18.6

19.2

20.1

navigation system

°

°

4.4

7.7

12.3

27.0

33.2

personal computer

47.3

63.6

68.6

71.6

72.8

78.8

80.8

internet access

16.4

47.1

54.6

57.9

60.0

68.9

72.9

TV set

95.9

95.0

°

95.2

95.9

95.9

96.2

DVD player/recorder

°

36.4

50.1

59.3

62.9

71.6

70.8

CD player/recorder

°

70.0

69.6

76.9

78.2

81.5

79.8

MP3 player

°

°

14.7

22.8

29.0

39.8

41.2

cable TV

54.0

54.0

52.1

51.6

50.0

48.5

48.0

satellite receiver

31.5

36.7

39.0

40.3

39.1

39.9

41.0

°

°

99.1

98.9

99.4

98.7

97.8

freezer

71.3

73.9

72.5

72.3

73.6

54.1

54.0

dish washer

48.3

56.7

59.1

61.6

62.4

64.8

65.7

microwave oven

56.1

62.3

67.0

68.0

68.7

71.9

72.9

washing machine

94.1

95.5

°

°

°

°

° 101.6

refrigerator

stock of equipment as %2 motor car

95.3

98.3

101.5

102.2

101.6

100.0

motor cycle

11.7

12.4

12.7

13.3

13.1

12.9

12.9

bicycle

176.9

180.5

178.1

187.8

186.5

182.0

182.3

telephone (fixed network)

102.8

107.8

114.7

124.0

125.9

113.7

112.3

mobile phone

35.5

114.7

126.5

137.1

141.1

156.9

160.9

fax machine

15.1

17.4

18.9

19.1

18.7

19.4

21.7

navigation system

°

°

4.6

8.0

12.9

29.2

36.5

personal computer

60.8

89.7

98.5

106.8

110.9

129.1

138.5

17.9

49.5

57.2

60.1

62.7

73.3

77.6

143.2

148.1

°

151.9

156.0

155.4

157.5

internet access TV set DVD player/recorder

°

50.9

63.2

75.6

84.2

114.1

94.5

CD player/recorder

°

105.6

104.3

124.2

134.5

156.6

129.9

MP3 player

°

°

18.5

31.2

41.4

62.4

65.5

cable TV

56.4

55.8

53.7

52.9

50.0

49.7

49.3

satellite receiver

33.8

38.7

42.1

43.0

52.2

55.7

58.6

°

°

115.3

117.1

118.1

120.0

119.9

freezer

81.0

86.9

83.6

83.0

85.2

60.4

60.6

dish washer

48.8

57.4

59.8

62.5

63.3

65.5

66.7

microwave oven

57.0

63.9

68.7

70.1

70.4

73.8

75.4

washing machine

95.7

97.2

°

°

°

°

°

refrigerator

1 number of households equipped with the respective consumer durables in relation to the total number of households 2 number of the respective consumer durables available in the households in relation to the total number of households Source: StBA

99 year1

Wages and salaries compensation of employees2

gross wages and salaries3

in EUR bn

labour costs4

earnings5

monthly per employee in EUR

1960

73.83

63.68

304

1970

185.05

158.41

690

262 591

1980

445.90

366.70

1,527

1,255

1990

689.96

562.47

2,106

1,717

1991

747.41

609.18

2,235

1,822

1991

861.20

707.61

2,038

1,675

1995

1,012.76

821.51

2,488

2,018

1998

1,044.91

842.81

2,554

2,060

1999

1,071.26

866.76

2,578

2,086

2000

1,111.20

894.71

2,626

2,114

2001

1,131.93

913.72

2,670

2,156

2002

1,138.84

920.25

2,706

2,187

2003

1,141.61

920.17

2,744

2,211

2004

1,145.39

924.70

2,754

2,223

2005

1,137.64

922.05

2,752

2,230

2006

1,156.08

935.00

2,780

2,248

2007

1,187.11

965.92

2,803

2,281

2008

1,229.80

1,002.30

2,862

2,332

2009

1,231.48

1,000.08

2,863

2,325

2010

1,262.87

1,026.70

2,922

2,375

2011

1,318.32

1,074.66

3,011

2,454

change against previous year as % 1998

2.0

1.9

0.9

0.8

1999

2.5

2.8

0.9

1.3

2000

3.7

3.2

1.9

1.3

2001

1.9

2.1

1.7

2.0

2002

0.6

0.7

1.3

1.4

2003

0.2

-0.0

1.4

1.1

2004

0.3

0.5

0.4

0.5

2005

-0.7

-0.3

-0.1

0.3

2006

1.6

1.4

1.0

0.8

2007

2.7

3.3

0.8

1.5

2008

3.6

3.8

2.1

2.2

2009

0.1

-0.2

0.0

-0.3

2010

2.5

2.7

2.1

2.2

2011

4.4

4.7

3.0

3.3

average annual rates of change as % 1960–1970

9.6

9.5

8.5

8.5

1970–1980

9.2

8.8

8.3

7.8

1980–1990

4.5

4.4

3.3

3.2

1991–2000

2.9

2.6

2.9

2.6

2000–2010

1.3

1.4

1.1

1.2

1 until first figure 1991: former FRG territory, from second figure 1991: Germany; due to modified classification, figures until first figure 1991 are not fully comparable to figures from second figure 1991 2 until 1998: income of employees 3 compensation of employees without social contributions paid by employers; until 1998: total of gross remunerations and additional benefits 4 compensation of employees in Germany 5 gross wages and salaries in Germany Source: StBA

Disposable income, consumption and savings year1

disposable income2

consumption3

savings

in EUR bn

100 savings ratio4 as %

1950

33.2

32.2

1.1

3.3

1960

96.1

87.8

8.2

8.5

1970

218.8

188.6

30.2

13.8

1980

512.9

452.1

68.5

13.1

1990

821.8

717.2

113.7

13.7

1991

881.2

770.5

120.3

13.5

1991

1,005.1

882.6

131.9

13.0

1995

1,190.6

1,066.5

134.6

11.2 10.3

1998

1,251.2

1,130.1

129.7

1999

1,278.7

1,161.9

124.0

9.6

2000

1,300.7

1,195.0

123.7

9.4

2001

1,347.8

1,233.4

130.2

9.5

2002

1,363.3

1,240.6

138.9

10.1

2003

1,394.6

1,264.5

147.3

10.4

2004

1,419.0

1,283.6

151.8

10.6

2005

1,448.1

1,307.0

156.9

10.7

2006

1,480.5

1,339.5

162.5

10.8

2007

1,502.4

1,356.7

168.1

11.0

2008

1,542.6

1,387.7

183.5

11.7

2009

1,531.1

1,387.4

173.1

11.1

2010

1,575.9

1,423.0

180.8

11.3

2011

1,625.0

1,473.1

181.0

10.9

change against previous year as % 1998

1.6

1.7

1.4

x

1999

2.2

2.8

-4.4

x

2000

1.7

2.9

-0.3

x

2001

3.6

3.2

5.3

x

2002

1.1

0.6

6.7

x

2003

2.3

1.9

6.1

x

2004

1.7

1.5

3.1

x

2005

2.1

1.8

3.3

x

2006

2.2

2.5

3.6

x

2007

1.5

1.3

3.4

x

2008

2.7

2.3

9.2

x

2009

-0.7

-0.0

-5.7

x

2010

2.9

2.6

4.5

x

2011

3.1

3.5

0.1

x

average annual rates of change as % 1950–1960

11.2

10.6

22.2

x

1960–1970

8.6

7.9

13.9

x

1970–1980

8.9

9.1

8.5

x

1980–1991

5.0

5.0

5.3

x

1991–2000

2.9

3.4

-0.7

x

2000–2010

1.9

1.8

3.9

x

1 until first figure 1991: former FRG territory, from second figure 1991: Germany; 1950 without the Saar and West Berlin; due to modified classification, figures until first figure 1991 are not fully comparable to figures from second figure 1991 2 without undrawn profits of unincorporated undertakings 3 until first figure 1991: private consumption, from second figure 1991: consumption Source: StBA 4 savings as % of disposable income

101 year

Cost of living index for all private households total index

food and soft drinks

alcoholic drinks and tobacco

clothing and footwear

housing, water, electricity, gas and other fuels

for information: price index for household goods1

2005 = 100 1991

75.9

89.6

64.9

92.6

65.5

°

1993

83.3

91.9

70.8

97.8

77.1

°

1994

85.6

93.4

71.6

99.2

80.2

°

1995

87.1

94.3

72.0

99.9

82.7

95.1

1996

88.3

94.9

72.6

100.6

84.7

95.3

1997

90.0

96.3

73.9

101.1

86.9

96.5

1998

90.9

97.2

75.3

101.5

87.7

97.4

1999

91.4

96.0

76.3

101.8

88.8

97.4

2000

92.7

95.3

77.5

101.9

91.3

97.0

2001

94.5

99.6

78.8

102.7

93.5

97.1

2002

95.9

100.4

82.0

103.4

94.4

97.8

2003

96.9

100.3

86.3

102.6

95.8

98.0

2004

98.5

99.9

92.2

101.9

97.3

99.5

2005

100.0

100.0

100.0

100.0

100.0

100.0

2006

101.6

102.0

103.0

99.4

102.9

100.0

2007

103.9

105.9

106.4

100.7

104.9

101.0

2008

106.6

112.3

108.4

101.4

108.5

101.9

2009

107.0

110.9

111.3

102.8

108.9

103.4

2010

108.2

112.5

113.0

103.7

110.1

104.0

2011

110.7

115.7

114.6

105.6

113.5

105.2

1993

4.4

0.4

3.8

2.8

8.1

°

1994

2.8

1.6

1.1

1.4

4.0

°

change against previous year as %

1995

1.8

1.0

0.6

0.7

3.1

°

1996

1.4

0.6

0.8

0.7

2.4

0.2

1997

1.9

1.5

1.8

0.5

2.6

1.3

1998

1.0

0.9

1.9

0.4

0.9

0.9

1999

0.6

-1.2

1.3

0.3

1.3

0.0

2000

1.4

-0.7

1.6

0.1

2.8

-0.4

2001

1.9

4.5

1.7

0.8

2.4

0.1

2002

1.5

0.8

4.1

0.7

1.0

0.7

2003

1.0

-0.1

5.2

-0.8

1.5

0.2

2004

1.7

-0.4

6.8

-0.7

1.6

1.5

2005

1.5

0.1

8.5

-1.9

2.8

0.5

2006

1.6

2.0

3.0

-0.6

2.9

0.0

2007

2.3

3.8

3.3

1.3

1.9

1.0

2008

2.6

6.0

1.9

0.7

3.4

0.9

2009

0.4

-1.2

2.7

1.4

0.4

1.5

2010

1.1

1.4

1.5

0.9

1.1

0.6

2011

2.3

2.8

1.4

1.8

3.1

1.2

average annual rate of change as % 1991–2000

2.2

0.7

2.0

1.1

3.8

°

2000–2010

1.6

1.7

3.8

0.2

1.9

0.7

1 consumer goods and consumer durables without food and without goods which are normally not stored in the apartment Source: StBA

102

Development of selected prices indexes year

cost of living index1

index of industrial producer prices2

export price index

import price index

crude collective house oil price wage building index3 index in price the conindex4 struction industry

1950

23.0

29.7

°

48.9

°

°

°

234.4

1960

27.7

36.4

40.2

47.1

°

°

17.8

367.5

2005 = 100

house building price index5

1914=100

1970

35.3

41.4

45.6

47.4

12.9

°

30.9

636.9

1980

57.8

68.1

74.2

89.6

57.7

°

59.6

1,226.3

1990

74.7

84.0

90.5

92.0

43.0

°

79.3

1,633.4

1998

90.9

88.8

95.6

90.8

29.1

90.6

97.9

2,018.0

1999

91.4

87.9

95.1

90.3

39.0

92.6

97.6

2,010.8

2000

92.7

90.6

98.0

99.5

74.4

94.4

97.9

2,017.4

2001

94.5

93.3

99.0

100.1

65.6

95.9

97.8

2,015.9

2002

95.9

92.7

98.8

97.9

63.9

96.8

97.8

2,014.9

2003

96.9

94.3

98.6

95.7

62.3

98.9

97.8

2,015.9

2004

98.5

95.8

99.1

96.7

66.1

100.0

99.1

2,042.2

2005

100.0

100.0

100.0

100.0

100.0

100.0

100.0

2,060.3

2006

101.6

105.4

101.8

104.4

121.5

99.0

101.9

2,099.5

2007

103.9

106.8

103.0

105.1

120.8

100.7

108.7

2,239.5

2008

106.6

112.7

104.8

109.9

162.9

103.3

111.8

2,303.4

2009

107.0

108.0

102.5

100.5

110.3

105.9

112.8

2,323.0

2010

108.2

109.7

106.0

108.3

151.6

108.4

113.9

2,346.2

2011

110.7

115.9

109.9

117.0

205.0

110.5

117.0

2,411.1 -0.4

change against previous year as % 1999

0.6

-1.0

-0.5

-0.6

34.0

2.2

-0.3

2000

1.4

3.1

3.0

10.2

90.8

1.9

0.3

0.3

2001

1.9

3.0

1.0

0.6

-11.8

1.6

-0.1

-0.1

2002

1.5

-0.6

-0.2

-2.2

-2.6

0.9

0.0

0.0

2003

1.0

1.7

-0.2

-2.2

-2.5

2.2

0.0

0.0

2004

1.7

1.6

0.5

1.0

6.1

1.1

1.3

1.3

2005

1.5

4.4

0.9

3.4

51.3

0.0

0.9

0.9

2006

1.6

5.4

1.8

4.4

21.5

-1.0

1.9

1.9

2007

2.3

1.3

1.2

0.7

-0.6

1.7

6.7

6.7

2008

2.6

5.5

1.7

4.6

34.9

2.6

2.9

2.9

2009

0.4

-4.2

-2.2

-8.6

-32.3

2.5

0.9

0.9

2010

1.1

1.6

3.4

7.8

37.4

2.4

1.0

1.0

2011

2.3

5.7

3.7

8.0

35.2

1.9

2.7

2.8

1950–1960

1.9

2.1

°

-0.4

°

°

°

4.6

1960–1970

2.4

1.3

1.3

0.1

°

°

5.7

5.7

1970–1980

5.1

5.1

5.0

6.6

16.1

°

6.8

6.8

1980–1990

2.6

2.1

2.0

0.3

-2.9

°

2.9

2.9

average annual rate of change as %

1990–2000

2.2

0.8

0.8

0.8

5.6

°

2.1

2.1

2000–2010

1.6

1.9

0.8

0.9

7.4

1.4

1.5

1.5

1 for 1950 and 1960: cost of living index of four-persons-households of workers and employees with average income, from 1970 until 1990: cost of living index of all private households in the former FRG territory; from 1998: cost of living index for Germany 2 index of producer prices for commercial products; until 1990 former FRG territory, from 1998 Germany 3 index of producer prices for commercial products; crude oil of bituminous minerals, raw 4 construction price index for new residential property incl. sales tax; until 1990 former FRG territory, from 1998 Germany 5 index of restoration values of residential property erected in 1914 Source: StBA

103 year

Expenditure on motor vehicles

price index for the purchase and operation of motor vehicles, total

price index for motor vehicles

price index for motor fuels

price index for repairs, inspections, car wash

price index for motor insurance

price index for motor vehicle taxes

2005 = 100 1991

68.1

83.6

54.7

67.4

71.6

29.3

1993

75.3

91.7

57.7

77.4

85.3

41.6

1994

78.1

91.6

63.7

80.8

94.4

47.2

1995

79.0

92.5

63.3

83.0

99.2

48.8

1996

80.3

93.4

66.0

84.9

91.1

49.1

1997

81.7

93.1

68.0

86.5

93.3

53.9

1998

81.5

94.4

64.5

87.8

87.9

58.8

1999

83.9

95.1

69.0

88.9

92.8

62.7

2000

89.0

95.1

82.1

90.1

101.9

64.3

2001

91.5

96.0

82.9

92.1

111.4

79.4

2002

92.8

97.5

84.8

94.4

106.5

79.4

2003

94.5

98.3

88.8

96.3

104.6

79.8

2004

96.8

99.5

92.6

98.4

105.1

84.0

2005

100.0

100.0

100.0

100.0

100.0

100.0

2006

102.9

101.7

105.5

101.9

102.8

101.1

2007

107.0

105.6

109.8

106.0

108.5

104.7

2008

110.3

106.4

117.3

108.7

111.5

104.6

2009

107.6

106.4

104.4

112.5

113.8

104.1

2010

111.6

106.4

116.1

113.1

118.6

104.5

2011

116.3

107.0

128.9

115.6

120.3

102.7

1993

4.6

4.7

0.7

7.6

10.2

13.7

1994

3.7

-0.1

10.4

4.4

10.7

13.5

change against previous year as %

1995

1.2

1.0

-0.6

2.7

5.1

3.4

1996

1.6

1.0

4.3

2.3

-8.2

0.6

1997

1.7

-0.3

3.0

1.9

2.4

9.8

1998

-0.2

1.4

-5.1

1.5

-5.8

9.1

1999

2.9

0.7

7.0

1.3

5.6

6.6

2000

6.1

0.0

19.0

1.3

9.8

2.6 23.5

2001

2.8

0.9

1.0

2.2

9.3

2002

1.4

1.6

2.3

2.5

-4.4

0.0

2003

1.8

0.8

4.7

2.0

-1.8

0.5

2004

2.4

1.2

4.3

2.2

0.5

5.3

2005

3.3

0.5

8.0

1.6

-4.9

19.0

2006

2.9

1.7

5.5

1.9

2.8

1.1

2007

4.0

3.8

4.1

4.0

5.5

3.6

2008

3.1

0.8

6.8

2.5

2.8

-0.1

2009

-2.4

0.0

-11.0

3.5

2.1

-0.5

2010

3.7

0.0

11.2

0.5

4.2

0.4

2011

4.2

0.6

11.0

2.2

1.4

-1.7

1991–2000

3.0

1.4

4.6

3.3

4.0

9.1

2000–2010

2.3

1.1

3.5

2.3

1.5

5.0

average annual rates of change as %

Source: StBA

Financial assets of private households by type of investment – as per end of year 2006

2007

104

2008

2009

2010

2011

in EUR bn total financial assets

4,226

4,469

4,306

4,471

4,658

4,715

1,535

1,621

1,738

1,788

1,861

1,928

cash and sight deposits

611

649

695

846

914

953

other deposits2

924

972

1,042

942

947

974

1,118

1,194

1,217

1,287

1,347

1,393

with banks1

with insurance companies3 short-term4

80

74

74

74

74

75

longer-term

1,039

1,120

1,143

1,212

1,273

1,319

with life insurance ­companies

657

684

683

719

755

764

with health insurance companies

123

134

144

155

167

180

with pension institutions5

260

301

315

338

351

375

252

256

264

273

281

289

company pension commitments securities6

275

297

267

266

254

247

participation rights

999

1,059

781

819

876

819

shares

328

371

182

202

244

222

other participation rights

228

221

219

201

197

203

investment certificates

444

467

380

416

435

395 100.0

share as % total financial assets

100.0

100.0

100.0

100.0

100.0

36.3

36.3

40.4

40.0

39.9

40.9

cash and sight deposits

14.5

14.5

16.1

18.9

19.6

20.2

other deposits2

21.9

21.7

24.2

21.1

20.3

20.7

26.5

26.7

28.3

28.8

28.9

29.5

short-term4

1.9

1.7

1.7

1.7

1.6

1.6

longer-term

24.6

25.1

26.5

27.1

27.3

28.0

with banks1

with insurance companies3

with life insurance ­companies

15.5

15.3

15.9

16.1

16.2

16.2

with health insurance companies

2.9

3.0

3.3

3.5

3.6

3.8

with pension institutions5

6.2

6.7

7.3

7.6

7.5

7.9

6.0

5.7

6.1

6.1

6.0

6.1

company pension commitments securities6 participation rights

6.5

6.6

6.2

5.9

5.5

5.2

23.6

23.7

18.1

18.3

18.8

17.4

shares

7.8

8.3

4.2

4.5

5.2

4.7

other participation rights

5.4

4.9

5.1

4.5

4.2

4.3

10.5

10.5

8.8

9.3

9.3

8.4

investment certificates

1 in Germany and abroad 2 time deposits, savings certificates, savings deposits incl. savings deposits with building societies 3 life insurance, Pensionskassen and funeral expenses and pension funds, pension schemes provided by professional associations and supplementary pension schemes provided by public agencies, property and casualty insurance and health insurance 4 short-term transfers of premiums and reserves for outstanding claims 5 P  ensionskassen and funeral expenses and pension funds, pension schemes provided by professional associations and supplementary pension schemes provided by public agencies 6 for the most part long-term fixed interest securities Source: Deutsche Bundesbank, own calculations

105

Acquisition of financial assets by private households by type of investment  – over the year 2006

2007

2008

2009

2010

2011

in EUR bn total acquisition of financial assets

131

115

123

145

154

149

43

86

121

50

73

67

sight deposits2

20

38

46

149

68

40

time deposits

32

57

77

-124

-15

18

-16

-30

-20

56

23

-2

7

21

17

-32

-3

10

66

75

28

62

60

48

with life insurance c­ ompanies

29

28

4

28

36

11

with health insurance companies

11

12

10

11

12

13

with pension institutions4

24

42

14

23

12

24

company pension commitments

10

4

7

10

8

8

securities5

42

25

-22

-13

-11

-2

1

-12

-41

18

26

3

11

20

-9

16

13

14

with banks1

savings deposits savings certificates with insurance companies3 of which:

participation rights shares other participation rights investment certificates

3

3

3

3

3

3

-13

-35

-34

-1

10

-15

share as % total acquisition of financial assets

100.0

100.0

100.0

100.0

100.0

100.0

32.8

74.8

98.5

34.4

47.3

44.8

sight deposits2

15.3

33.0

37.4

102.6

44.3

27.0

time deposits

24.4

49.6

62.7

-85.4

-9.7

12.4

-12.2

-26.1

-16.3

38.6

14.9

-1.2

5.3

18.3

13.8

-22.0

-1.9

6.6

50.7

65.4

23.2

43.0

39.2

32.3

22.1

24.3

3.6

19.3

23.7

7.4

8.4

10.4

8.1

7.6

7.9

8.5

18.3

36.2

11.2

16.0

8.1

15.9

with banks1

savings deposits savings certificates with insurance companies3 of which: with life insurance ­companies with health insurance companies with pension institutions4 company pension commitments securities5 participation rights shares other participation rights investment certificates

7.6

3.8

5.7

6.9

5.2

5.4

32.1

21.7

-17.7

-8.7

-7.1

-1.3

0.9

-10.1

-33.2

12.5

17.1

1.9

8.4

17.6

-7.7

11.2

8.7

9.6

2.3

2.6

2.4

2.1

1.9

2.0

-9.9

-30.4

-27.7

-0.7

6.5

-9.8

1 in Germany and abroad 2 incl. cash 3 life insurance, Pensionskassen and funeral expenses and pension funds, pension schemes provided by professional associations and supplementary pension schemes provided by public agencies, property and casualty insurance and health insurance 4 Pensionskassen and funeral expenses and pension funds, pension schemes provided by professional associations and supplementary pension schemes provided by public agencies 5 for the most part long-term fixed interest securities Source: Deutsche Bundesbank, own calculations

Acquisition of financial assets by private households by type of investment*  – long term 1950/59

1960/69

106

1970/79

1980/89

1991/99

2000/09

share as % acquisition of financial assets with banks1 cash and sight deposits time deposits2 savings deposits2 savings certificates with insurance companies3 in securities

67.0

65.1

61.3

39.9

30.6

41.1

14.6

9.6

8.0

6.6

13.1

38.2

1.9

1.0

4.9

8.5

-1.5

5.1

50.5

53.5

40.9

17.0

19.9

-2.8

°

1.1

7.5

7.8

-0.9

0.4

14.9

16.3

17.1

28.0

36.3

40.5 -8.1

6.7

13.7

14.6

23.2

11.8

fixed interest securities4, 5

4.7

9.5

13.8

22.3

5.5

3.8

shares4

2.0

4.1

0.8

0.9

3.2

-14.4

°

°

°

°

3.1

2.5

°

°

°

°

16.7

19.8

11.4

4.9

7.0

8.9

4.6

6.8

8.1

11.1

13.5

11.4

12.3

8.8

other equity with mutual funds company pension commitments for information: acquisition of financial assets as % of ­disposable income

* until 1959 former FRG territory without the Saar and West Berlin, from 1960 until 1989 former FRG territory; from 1991 Germany 1 in Germany and abroad 2 until 1998 deposits with building societies included in savings deposits and from 1999 in time deposits 3 life insurance, Pensionskassen and funeral expenses and pension funds, pension schemes provided by professional associations and supplementary pension schemes provided by public agencies, property and casualty insurance and health insurance and other claims (incl. accumulated interestbearing profit shares for insurance contracts and other liabilities towards policyholders) 4 until 1989 incl. indirect acquisitions of German and foreign mutual fund units 5 incl. money market securities Source: Deutsche Bundesbank

107 year

Financial assets and acquisition of financial assets in the form of life insurance* technical provisions (1)

liabilities towards ­policyholders1 (2)

financial assets

acquisition of financial assets

(3) = (1) + (2)

(4)

in EUR bn 1993

290.5

23.7

314.2

°

1994

317.4

24.9

342.3

28.1

1995

346.6

27.0

373.6

31.3

1996

377.7

29.9

407.6

34.0

1997

410.8

32.3

443.1

35.5

1998

445.0

35.5

480.5

37.4

1999

484.4

41.9

526.3

45.7

2000

520.0

43.5

563.5

37.2

2001

549.0

45.6

594.6

31.1

2002

566.0

47.3

613.3

18.8

2003

588.0

45.9

633.9

20.6

2004

609.2

47.7

656.9

22.9

2005

639.4

43.0

682.4

25.5

2006

668.0

38.3

706.3

23.9

2007

694.9

34.5

729.4

23.1

2008

693.8

31.6

725.4

-4.0

2009

727.8

30.5

758.3

32.9

2010

764.7

30.5

795.2

36.9

20112

776.4

29.5

805.9

10.7

* without Pensionskassen and pension funds 1 accumulated interest-bearing profit shares and other liabilities towards policyholders 2 provisional figures Source: BaFin, own calculations

108

Incidence of occupational pension schemes* number of entitlements

share of ­ mployees e with entitlements1

number of share of ementitlements ployees with from deferred entitlements compensation from deferred compensation2

in 1,000

as %

in 1,000

as %

50.7

4,543

19.8

2008 total

12,045

by selected economic sectors manufacturing

3,728

50.3

1,805

26.7

271

30.4

151

17.9

wholesale and retail trade, repair of motor vehicles and motor cycles

1,203

38.5

543

18.9

financial and insurance activities

1,023

79.6

649

56.8

construction

by company size classes 10 to 49 employees

1,156

29.8

606

17.3

50 to 249 employees

1,968

36.3

1,000

19.6

250 to 499 employees

1,113

46.0

512

22.5

500 to 999 employees

1,222

52.4

521

23.9

1,000 and more employees

6,587

68.9

1,904

19.3

10,831

51.1

4,197

20.7

1,215

47.7

347

13.2

by Länder former FRG territory and Berlin East German Länder

* industry and service sector incl. public service, without companies with fewer than 10 employees and without agriculture and forestry, fisheries, private households and extraterritorial organisations 1 in relation to the total number of employees subject to social insurance contributions without trainees 2 number of employees with at least one entitlement from deferred compensation in relation to the total number of employees subject to social insurance contributions without trainees Source: StBA

109

Incidence of occupational pension schemes by pension vehicle* 2008 number of entitlements

share of total number of entitlements

in 1,000

as %

share of total number of number of entitlements from deferred entitlements compensation from deferred compensation in 1,000

as %

pension vehicle direct pension promises

2,175

18.1

508

11.2

920

7.6

457

10.1

Pensionskassen

5,873

48.8

1,814

39.9

direct insurance

2,754

22.9

1,652

36.4

323

2.7

112

2.5

12,045

100.0

4,543

100.0

benevolent funds

pension funds total

2008 number of entitlements

in 1,000

number of share of total share of total entitlements number of number of entitlements1 from deferred entitlements compensation from deferred compensation2 as %

in 1,000

as %

direct insurance by company size class 10 to 49 employees

601

52.0

291

48.0

50 to 249 employees

715

36.3

422

42.2

250 to 499 employees

346

31.1

212

41.4

500 to 999 employees

262

21.5

178

34.2

1,000 and more employees

830

12.6

548

28.8

* industry and service sector incl. public service, without companies with fewer than 10 employees and without agriculture and forestry, fisheries, private households and extraterritorial organisations 1 in relation to all entitlements of the respective company size class 2 in relation to all entitlements from deferred compensation of the respective company size class Source: StBA

110

Interest rates, bond yields and share prices year

interest rates1 call money rate3

time ­deposits4

1975

°

7.3

1980

°

1985

current yield of German government bonds1 savings5

DAX 302

remaining time to maturity: 3 to 4 years

remaining time to maturity: 9 to 10 years

4.4

8.0

8.6

7.8

4.6

8.5

8.5

481

°

6.3

2.9

6.5

7.0

1,366

1990

°

7.8

2.8

8.8

8.7

1,398

1991

°

8.0

2.8

8.8

8.5

1,578

1992

°

7.7

2.8

8.2

7.9

1,545

1993

°

5.9

2.5

6.0

6.5

2,267

1994

°

5.6

2.1

6.2

6.9

2,107

1995

°

5.7

2.0

5.7

6.9

2,254

1996

°

4.6

2.0

4.7

6.2

2,889

1997

2.0

4.3

1.7

4.4

5.7

4,250

1998

2.0

4.0

1.6

4.1

4.6

5,002

1999

1.8

3.5

1.3

3.8

4.5

6,958

2000

2.1

4.8

1.3

5.1

5.3

6,434

2001

2.3

4.1

1.2

4.3

4.9

5,160

2002

1.8

3.8

1.0

4.1

4.8

2,893

2003

1.1

2.9

2.2

3.0

4.1

3,965

2004

1.1

2.9

2.1

3.0

4.0

4,256

2005

1.2

2.5

2.1

2.7

3.4

5,408

2006

1.4

2.6

2.1

3.5

3.8

6,597

2007

1.7

3.1

2.3

4.2

4.3

8,067

2008

1.9

3.4

2.5

3.8

4.1

4,810

2009

1.1

3.0

1.8

2.2

3.3

5,957

2010

0.7

2.5

1.4

1.5

2.8

6,914

2011

0.8

2.7

1.4

1.7

2.7

5,898

as %

index value 563

1 annual averages 2 as per end of year 3 average rate; until 2002 interest rate for sight deposits of retail banking customers with higher interest yield, from 2003 effective interest rate in new business for daily callable deposits of private households 4 average rate; until 2002 interest rate for savings bonds with ongoing interest payments and maturity of 4 years, from 2003 effective interest rate in new business for deposits of private households with agreed maturity of more than 2 years 5 average rate; until 2002 interest rate for savings with minimum interest payment and 3 months’ notice, from 2003 effective interest rate in new business for deposits of private households with agreed 3 months’ notice Source: Deutsche Bundesbank

111

Social welfare budget by function, type and source of finance* 19701

19801

1991

2000

2009

20102

total in EUR bn

84.2

222.9

397.3

608.5

747.7

765.7

ratio of social expenditure as %3

23.3

28.3

25.9

29.7

31.5

30.9 32.2

social expenditure by function as % health care

°

°

31.4

29.4

32.1

disability

°

°

8.7

8.4

8.1

8.2

old age

°

°

30.3

32.8

33.1

33.0

surviving dependants

°

°

10.7

8.9

7.3

7.2

children

°

°

7.7

10.2

9.8

10.2

spouses

°

°

1.0

0.8

0.3

0.3

maternity

°

°

0.4

0.3

0.4

0.3

unemployment

°

°

8.4

7.5

6.3

5.8

housing

°

°

1.0

1.1

2.1

2.1

°

°

0.4

0.5

0.6

0.6

other contingencies

social expenditure by type of financing as % social security contributions

57.3

61.1

70.3

65.6

62.7

61.5

governmental allowance

40.9

37.5

26.3

32.1

35.5

36.7

1.9

1.4

3.4

2.3

1.8

1.8

other income

social expenditure by source of financing as % companies

32.7

33.2

35.1

30.9

26.8

26.2

private households

20.9

22.4

28.5

28.1

29.6

29.1

state4

43.2

45.5

43.3

34.9

39.2

42.3

private organizations

0.9

1.1

1.5

1.6

1.5

1.5

other countries

0.0

0.0

0.0

0.1

°

0.0

* until 1980 former FRG territory, from 1991 Germany; without tax benefits, from 2009 incl. private health insurance 1 incl. tax benefits 2 provisional figures 3 social expenditure as % of gross domestic product 4 regional public authorities incl. social security institutions Source: BMAS

112

Statutory pension insurance 19901

2000

2007

2008

2009

2010 35,370

numbers in 1,000 actively insured persons2

24,128

33,830

34,988

35,009

35,127

pensions3

15,013

23,144

24,734

24,804

24,932

25,013

8,523

15,338

17,286

17,393

17,542

17,619

old age pensions disability pensions

1,846

1,894

1,584

1,564

1,568

1,589

survivors' pensions

4,644

5,912

5,864

5,846

5,823

5,805

in EUR annual pay-related contribution ­assessment ceiling4 West Germany East Germany contribution rate as %

38,652

52,764

63,000

63,600

64,800

66,000

x

43,562

54,600

54,000

54,600

55,800

18.7

19.3

19.9

19.9

19.9

19.9

monthly average pension paid5 West Germany

571

673

644

645

642

664

x

778

738

736

725

763

monthly standard pension6

897

1,114

1,182

1,195

1,224

1,224

pension level as %7

50.2

48.2

47.3

46.6

47.6

47.1

East Germany

in EUR bn total income

115.0

214.6

238.4

237.4

239.3

244.7 184.4

of which: contributions

90.8

163.4

174.7

179.1

180.6

state subsidies

15.2

42.4

55.9

56.4

57.3

59.0

total expenditure8

110.1

214.0

237.1

233.7

239.1

242.6

97.4

190.2

213.7

203.2

207.6

211.0

of which: pensions paid

1 former FRG territory 2 insured persons paying contributions as per end of year of the respective year without receiving pensions payments 3 as per end of year 4 general pension insurance 5 insureds’ pensions in general pension insurance 6 monthly pension of a standard pensioner (an insured person who during 45 insurance years always drew an income equal to the average remuneration of all insureds), gross; former FRG territory; as at 1 July of the respective year 7 ratio between the annual pension of a “standard pensioner” and the annual earnings of an average wage earner, gross; former FRG territory 8 without transfer payments between statutory pension insurance institutions Source: DRV

113

Statutory health insurance 19901

2000

2008

2009

2010

2011

numbers in m2 members compulsory members without pensioners

37.9

51.0

50.9

51.2

51.2

51.5

20.6

29.2

29.5

29.8

29.9

29.7

pensioners

°

15.3

16.9

16.9

16.9

16.8

voluntary members

°

6.5

4.5

4.5

4.5

5.0

°

71.3

70.2

70.0

69.8

69.6

insured persons

in EUR annual pay-related contribution ­assessment ceiling

28,990

39,574

43,200

44,100

45,000

44,550

social security ceiling3

28,990

39,574

48,150

48,600

49,950

49,500

12.6

13.6

14.0

14.05

14.0

14.6

°

1,767

2,149

2,291

2,363

2,423

162.5

172.2

175.6

183.8

average contribution rate as %4 annual payments for benefits per person insured

in EUR bn total income

75.6

133.8

of which: contributions6 total expenditure

°

130.1

153.3

159.1

160.8

170.8

72.5

133.7

160.9

170.8

176.0

179.6

°

126.0

150.9

160.4

165.0

168.7

5.2

4.2

3.4

3.4

3.7

3.9

of which: benefit payments sickness rate of members as %7

1 former FRG territory 2 as at 1 July of the respective year, 1990 and 2000 annual average 3 from 2003 different from contribution assessment ceiling 4 from 1 July 2005 an additional contribution rate of 0.9% must be paid by all members 5 from 1 July, until 30 June 14.6% 6 since 2009 contributions to the health fund incl. claims of and contributions to statutory health insurance companies 7 number of members unable to work due to sickness as % of number of members entitled to sickness benefits (annual average), 1990 and 2000 number of compulsory members unable to work due to sickness as % of total number of compulsory members Source: BMG

114

Social long-term care insurance 1995

2000

2008

2009

2010

2011

numbers in 1,000 members1

50,915

50,948

50,987

51,133

51,253

51,481

insured persons1

71,901

71,319

70,271

70,034

69,785

69,623

1,061

1,822

2,113

2,235

2,288

2,317

1,061

1,261

1,433

1,538

1,578

1,602



561

681

698

710

715

35,893

39,574

43,200

44,100

45,000

44,550

1.0

1.7

1.955

1.95

1.95

1.95

16.54

19.77

21.31

21.78

22.24

number of benefit recipients2 out-patient in-patient

in EUR annual pay-related contribution ­assessment ceiling3 contribution rate as %4

in EUR bn total income

8.41

of which: contributions

8.31

16.31

19.61

21.19

21.64

22.13

total expenditure

4.97

16.67

19.14

20.33

21.45

21.92

4.42

15.86

18.20

19.33

20.43

20.89

of which: benefit payments

1 as at 1 July 2 as per end of year 3 until 2000 former FRG territory, from 2008 Germany 4 from 1 January 2005 childless members have to pay a supplementary contribution rate of 0.25% 5 from 1 July Source: BMG

115

Statutory accident insurance* 1970

1980

1990

2008

2009

2010 61,880

numbers in 1,000 26,050

27,857

41,134

60,695

61,428

number of pensions

insured persons

1,018

1,005

921

997

984

965

reported accidents

2,647

2,113

1,860

1,243

1,156

1,272

°

°

°

17,059

17,072

17,123

5.88

8.28

14.72

13.92

14.50

for information: insured persons in student accident insurance

in EUR bn income

2.52

of which: contributions expenditure

2.33

5.69

7.57

11.80

11.59

11.92

2.50

5.81

8.13

14.66

14.03

14.40

of which: pensions

1.31

3.07

3.81

5.57

5.68

5.65

curative treatment

0.29

0.78

1.18

2.70

2.84

3.02

accident prevention

0.06

0.20

0.36

0.95

0.97

0.97

* without student accident insurance; until 1990 former FRG territory, from 2008 Germany Source: BMAS

116

Statutory unemployment insurance 1991

2000

2008

2009

2010

numbers in 1,000 employees subject to social insurance contributions1

°

27,826

27,458

27,380

27,710

recipients of unemployment benefits2

1,328

1,695

917

1,141

1,024

in EUR annual pay-related contribution ­assessment ceiling West Germany

39,881

52,764

63,600

64,800

66,000

East Germany

20,8613

43,562

54,000

54,600

55,800

6.5

3.3

2.8

2.8

35.89

49.61

38.29

34.25

37.07

34.29

46.36

26.45

22.05

22.61

36.77

50.47

39.41

48.06

45.21

unemployment benefits4

12.14

23.61

13.86

17.29

16.60

expenses for active promotion of employment

11.83

21.24

10.74

16.81

14.98

contribution rate as %

6.8 in EUR bn

income of which: contributions expenditure of which:

1 as at 30 June of the respective year 2 annual averages; from 2005 unemployment benefits type 1 (ALG I) 3 from 1 July 4 paid to unemployed persons, incl. refunds to insured foreigners; from 2005 unemployment benefits type 1 (ALG I) Source: BA

117

Tax-financed basic social security systems benefit recipients1

type of benefit

numbers in 1,000 2006

2007

2008

2009

7,283

7,020

6,610

6,736

unemployment benefits type 2 (ALG II)

5,311

5,098

4,798

4,907

social allowance

1,973

1,922

1,811

1,829

764

821

860

857

82

88

92

93

682

733

768

764

194

153

128

121

benefits according to SGB II (“Hartz IV”)

benefits according to SGB XII cost-of-living assistance outside facilities basic old-age pensions and disability pensions standard benefits according to Asylum Seeker Benefits Act current welfare benefits for war victims2,3 total

60

60

46

46

8,301

7,995

7,644

7,760

expenditure

type of benefit

in EUR bn benefits according to SGB II (“Hartz IV”)

2006

2007

2008

2009

40.5

36.3

34.9

35.9 °

unemployment benefits type 2 (ALG II)

°

°

°

social allowance

°

°

°

°

3.7

4.1

4.3

4.6

cost-of-living assistance outside facilities

0.5

0.5

0.5

0.6

basic old-age pensions and disability pensions

3.2

3.6

3.8

4.0

0.9

0.8

0.6

0.6

benefits according to SGB XII

standard benefits according to Asylum Seeker Benefits Act current welfare benefits for war victims2,3 total

0.5

0.5

0.5

0.5

45.6

41.7

40.3

41.6

1 as at 31 December of the respective year 2 statistics of welfare benefits for war victims only biennial, data relate to 2006 and 2008 3 regular benefits Source: StBA

118

Premium income of primary insurers in selected industrialised countries 1970

1980

1990

2000

2010

20111 total

life

non-life

in US dollars bn EU countries2

°

118.19

362.53

726.90 1,475.89 1,498.68

880.71

617.97 131.29

of which: Germany

7.60

40.25

92.45

123.73

234.97

245.16

113.87

Austria

0.43

2.83

8.29

10.74

22.21

23.05

9.75

13.30

Belgium

0.88

4.39

8.67

19.90

39.52

41.09

25.95

15.14 98.36

France

4.51

22.63

74.32

120.89

283.22

273.11

174.75

Ireland

0.17

0.99

4.31

16.553

48.02

52.25

43.04

9.21

Italy

1.87

7.25

30.22

63.06

174.35

160.51

105.09

55.43

Netherlands

1.56

8.58

24.10

36.84

102.28

110.93

31.21

79.72

Spain

0.74

3.37

16.80

34.68

73.07

79.99

39.26

40.73

Sweden

1.03

4.81

11.35

17.87

38.22

42.11

31.96

10.15

United Kingdom

5.14

31.03

101.72

246.90

300.24

319.55

210.07

109.49

29.94

52.83

63.58

35.08

28.49

859.48 1,162.16 1,204.68

537.57

667.11

Switzerland USA

1.01

6.12

19.64

67.91

189.81

482.11

Canada

3.95

12.46

31.83

46.04

113.69

121.21

52.17

69.05

Japan

7.85

59.20

278.27

503.71

571.36

655.41

524.67

130.74

South Korea

°

1.50

27.41

58.35

115.06

130.38

79.16

51.22

Taiwan

°

0.60

6.84

22.87

76.43

78.42

64.13

14.28

7.04

22.16

35.85

72.73

89.09

45.19

43.89

Australia world total

1.77 115.00

435.00 1,355.73 2,444.90 4,335.69 4,595.12 2,626.94 1,968.18 share in world premium income as %

EU countries2

°

27.17

26.74

29.73

34.04

32.61

33.53

31.40

of which: Germany

6.61

9.25

6.82

5.06

5.42

5.34

4.33

6.67

Austria

0.37

0.65

0.61

0.44

0.51

0.50

0.37

0.68

Belgium

0.77

1.01

0.64

0.81

0.91

0.89

0.99

0.77

France

3.92

5.20

5.48

4.94

6.53

5.94

6.65

5.00

Ireland

0.15

0.23

0.32

0.68

1.11

1.14

1.64

0.47

Italy

1.63

1.67

2.23

2.58

4.02

3.49

4.00

2.82

Netherlands

1.36

1.97

1.78

1.51

2.36

2.41

1.19

4.05

Spain

0.64

0.77

1.24

1.42

1.69

1.74

1.49

2.07

Sweden

0.90

1.11

0.84

0.73

0.88

0.92

1.22

0.52

United Kingdom

4.47

7.13

7.50

10.10

6.92

6.95

8.00

5.56

0.88

1.41

1.45

1.22

1.22

1.38

1.34

1.45 33.89

Switzerland

59.05

43.63

35.56

35.15

26.80

26.22

20.46

Canada

USA

3.43

2.86

2.35

1.88

2.62

2.64

1.99

3.51

Japan

6.83

13.61

20.53

20.60

13.18

14.26

19.97

6.64

South Korea

°

0.34

2.02

2.39

2.65

2.84

3.01

2.60

Taiwan

°

0.14

0.50

0.94

1.76

1.71

2.44

0.73

1.54

1.62

1.63

1.47

1.68

1.94

1.72

2.23

Australia

1 provisional figures 2 EU premium income in the respective year is equal to the total of premium income of respective EU member countries 3 premium growth estimated according to growth rate of domestic business Source: Swiss Re

119

Premium income of primary insurers in selected emerging markets 1980

1990

2000

2010

20111 total

life

non-life

in US dollars bn Argentina

3.34

0.86

6.78

10.13

12.85

2.60

10.25

Brazil

1.76

2.55

12.55

64.26

78.29

41.05

37.24

Mexico

1.51

2.62

9.47

19.23

22.23

10.08

12.15

°

2.83

19.33

214.63

221.86

134.54

87.14

India

1.79

4.63

9.97

74.38

72.63

60.44

12.19

Indonesia

0.34

0.95

1.74

11.58

14.09

9.44

4.66

Bulgaria

°

°

0.18

1.10

1.13

0.16

0.97

Czech Republic

°

°

1.83

8.17

8.76

4.07

4.69

Hungary

°

0.65

1.36

3.98

3.96

2.19

1.77

Poland

°

0.74

4.79

17.76

19.11

9.24

9.87

Rumania

°

0.22

0.26

2.61

2.61

0.55

2.05

Slovakia

°

°

0.59

2.66

2.87

1.36

1.51

Slovenia

°

°

0.87

2.78

3.01

0.94

2.07

Russia

°

°

6.07

41.64

43.26

1.19

42.07

Turkey

0.17

0.76

2.84

9.22

10.05

1.58

8.47

South Africa

3.55

10.86

22.96

48.58

52.38

41.53

10.84

China

world total

435.00 1,355.73 2,444.90 4,335.69 4,595.12 2,626.94 1,968.18 share in world premium income as %

Argentina

0.77

0.06

0.28

0.23

0.28

0.10

0.52

Brazil

0.40

0.19

0.51

1.48

1.70

1.56

1.89

Mexico

0.35

0.19

0.39

0.44

0.48

0.38

0.62

°

0.21

0.79

4.95

4.83

5.12

4.43

India

0.41

0.34

0.41

1.72

1.58

2.30

0.62

Indonesia

0.08

0.07

0.07

0.27

0.31

0.36

0.24

Bulgaria

°

°

0.01

0.03

0.02

0.01

0.05

Czech Republic

°

°

0.07

0.19

0.19

0.15

0.24

Hungary

°

0.05

0.06

0.09

0.09

0.08

0.09

Poland

°

0.05

0.20

0.41

0.42

0.35

0.50

Rumania

°

0.02

0.01

0.06

0.06

0.02

0.10

Slovakia

°

°

0.02

0.06

0.06

0.05

0.08

Slovenia

°

°

0.04

0.06

0.07

0.04

0.10

Russia

°

°

0.25

0.96

0.94

0.05

2.14

Turkey

0.04

0.06

0.12

0.21

0.22

0.06

0.43

South Africa

0.82

0.80

0.94

1.12

1.14

1.58

0.55

China

1 provisional figures Source: Swiss Re

120

Penetration of insurance and insurance density in selected industrialised countries premiums as % of GDP (penetration of insurance) total

life

premiums per capita (US dollars) (insurance density)

non-life

total

3.3

1,497

life

non-life

1995 EU-15

6.8

3.6

779

718

of which: Germany

6.4

2.6

3.8

1,899

763

1,136

Austria

5.5

2.0

3.5

1,595

575

1,020

Belgium

4.9

2.3

2.6

1,305

609

696

France

8.6

5.4

3.1

2,268

1,435

834

Ireland

7.8

4.4

3.4

1,341

756

585

Italy

3.8

1.4

2.4

674

249

425 1,069

Netherlands

8.9

4.8

4.2

2,283

1,214

Spain

4.8

2.0

2.8

688

282

406

Sweden

4.8

2.4

2.3

1,238

631

607

United Kingdom Switzerland

10.3

6.6

3.8

1,694

1,079

616

10.5

6.7

3.7

4,507

2,894

1,613 1,367

USA

8.6

3.7

5.0

2,372

1,006

Canada

6.6

2.9

3.7

1,255

552

703

Japan

12.8

10.2

2.5

5,088

4,076

1,013

South Africa

13.2

10.3

2.9

1,338

1,042

296

Taiwan

5.5

3.7

1.8

679

459

219

Australia

7.8

4.2

3.6

1,505

814

691

3.2

2,757

1,647

1,110

20111 EU-27

7.9

4.7

of which: Germany

6.8

3.2

3.6

2,967

1,389

1,578

Austria

5.5

2.3

3.2

2,740

1,159

1,581

Belgium

7.7

5.0

2.7

3,622

2,359

1,262

France

9.5

6.2

3.3

4,041

2,638

1,403 1,082

Ireland

9.1

6.9

2.2

4,449

3,367

Italy

7.0

4.7

2.3

2,530

1,696

834

13.2

3.7

9.5

6,647

1,870

4,777

Netherlands Spain

5.4

2.6

2.7

1,729

849

880

Sweden

7.9

6.0

1.9

4,455

3,382

1,074

United Kingdom Switzerland

11.8

8.7

3.1

4,535

3,347

1,188

10.0

5.5

4.5

8,012

4,421

3,591

USA

8.1

3.6

4.5

3,846

1,716

2,130

Canada

7.0

3.0

4.0

3,529

1,519

2,010

Japan

11.0

8.8

2.2

5,169

4,138

1,031

South Korea

11.6

7.0

4.6

2,661

1,615

1,045

Taiwan

17.0

13.9

3.1

3,371

2,757

614

6.0

3.0

3.0

4,094

2,077

2,017

Australia

1 provisional figures Source: Swiss Re

121

Penetration of insurance and insurance density in selected emerging markets premiums as % of GDP (penetration of insurance) total

life

premiums per capita (US dollars) (insurance density)

non-life

total

life

non-life

1995 Argentina

1.7

0.4

1.3

142

36

Brazil

2.0

0.4

1.7

90

16

106 75

Mexico

1.5

0.5

1.0

39

13

26

China

1.2

0.4

0.8

6

2

4

India

2.0

1.4

0.6

6

5

2

Indonesia

1.4

0.5

0.9

12

5

8

Bulgaria

2.1

0.7

1.4

32

11

21

Czech Republic

2.7

0.7

2.0

123

34

90

Hungary

2.2

0.6

1.5

92

28

65 40

Poland

2.0

0.7

1.3

60

20

Rumania

0.4

0.0

0.4

6

1

6

Slovakia

2.0

0.5

1.5

66

15

50 372

Slovenia

4.7

0.7

4.0

436

65

Russia

1.3

0.6

0.8

33

14

18

Turkey

0.8

0.1

0.7

22

3

19

15.5

12.4

3.1

503

402

101

South Africa

20111 Argentina

2.9

0.6

2.3

315

64

251

Brazil

3.2

1.7

1.5

398

208

189 106

Mexico

1.9

0.9

1.1

193

88

China

3.0

1.8

1.2

163

99

64

India

4.1

3.4

0.7

59

49

10

Indonesia

1.7

1.1

0.6

60

40

20

Bulgaria

2.1

0.3

1.8

151

22

129

Czech Republic

3.9

18.0

2.1

832

386

445

Hungary

2.8

1.5

1.2

397

220

178 258

Poland

3.7

1.8

1.9

500

242

Rumania

1.5

0.3

1.2

122

26

96

Slovakia

2.9

1.4

1.5

528

250

278 1,006

Slovenia

5.9

1.8

4.0

1,464

459

Russia

2.4

0.1

2.3

303

8

295

Turkey

1.3

0.2

1.1

136

21

115

12.9

10.2

2.7

1,037

823

215

South Africa

1 provisional figures Source: Swiss Re

122

Premium income* of important reinsurance locations 2006

2007

2008

2009

2010

in US dollars bn

change against previous year as %

Germany

43.05

42.18

40.13

46.16

45.32

-1.8

USA

32.55

34.91

31.56

30.23

29.21

-3.4 39.1

Switzerland

10.36

12.60

13.69

10.19

14.18

Bermuda

14.34

13.81

12.10

12.67

13.15

3.8

United Kingdom

12.36

10.02

8.20

11.26

11.50

2.1

Japan

10.02

10.57

9.00

9.00

10.37

15.2

France

6.46

7.16

5.59

5.87

5.77

-1.6

Ireland

3.40

3.48

4.05

5.35

5.45

2.0

Luxembourg

°

°

3.82

6.18

5.20

-15.7

South Korea

2.35

2.80

2.23

2.49

2.76

10.6

share in world premium income as % Germany

29.33

28.07

28.45

30.40

28.97

x

USA

22.18

23.23

22.38

19.91

18.67

x

Switzerland

7.06

8.39

9.71

6.71

9.06

x

Bermuda

9.77

9.19

8.58

8.35

8.40

x

United Kingdom

8.42

6.67

5.81

7.52

7.35

x

Japan

6.83

7.04

6.38

5.93

6.63

x

France

4.39

4.77

3.96

3.86

3.69

x

Ireland

2.32

2.32

2.87

3.52

3.49

x

Luxembourg

°

°

2.71

4.07

3.33

x

South Korea

1.60

1.86

1.58

1.64

1.76

x

* written premiums, net of retrocession Source: Standard & Poor’s

123

Pension funds in international comparison financial assets of pension funds 2007

2008

2009

2010

2010

in US dollars bn

share in GDP as %

154.470

172.351

175.501

171.352

5.2

Austria

18.014

18.343

19.532

19.751

5.3

Belgium

Germany1

20.262

16.667

19.165

17.627

3.8

France

1.921

2.718

4.167

4.570

0.2

Ireland

118.633

92.867

100.278

100.000

49.1

68.686

78.498

86.818

93.788

4.6

1,058.153

979.925

997.922

1,056.769

128.5

118.465

114.230

118.159

111.122

7.9

39.452

35.307

33.435

°

9.6

2,186.472

1,698.841

1,753.016

1,943.110

88.7

504.601

496.957

551.450

°

113.7

10,939.952

8,223.882

9,591.549

10,587.679

72.7

888.645

772.383

806.350

1,017.672

64.7

1,122.878

1,120.049

1,351.190

1,388.329

25.2

964.365

916.789

811.719

1,089.723

91.0

18,959.763

15,570.956

17,266.298

18,590.415

71.6

Italy Netherlands Spain Sweden United Kingdom Switzerland USA Canada Japan Australia OECD total

1 Pensionskassen and pension funds Source: OECD

124

Population in selected industrialised countries population 20111

Germany

population growth as %

numbers in 1,000

as % of EU-27

1950– 1955

1975– 1980

2005– 2010

81,752

16.3

0.6

-0.1

-0.1

Austria

8,404

1.7

0.0

-0.1

0.4

Belgium

10,951

2.2

0.5

0.1

0.6

France

65,048

12.9

0.8

0.4

0.6

Ireland

4,481

0.9

-0.3

1.4

1.4

Italy

60,626

12.1

0.6

0.4

0.6

Netherlands

16,656

3.3

1.2

0.7

0.4

Spain

46,153

9.2

0.8

1.1

1.2

9,416

1.9

0.7

0.3

0.8

62,436

12.4

0.2

0.0

0.6

7,702

x

1.2

-0.1

0.7

313,085

x

1.6

1.0

0.9

34,350

x

2.7

1.2

1.0

126,497

x

1.4

0.9

0.0

Sweden United Kingdom Switzerland USA Canada Japan

population 2010 by age group as %

2011

under 15

15–64

65 and older

Germany

13.5

66.1

20.4

357,114

230

Austria

14.7

67.7

17.6

83,871

100

Belgium

16.9

65.7

17.4

30,528

352

France

18.4

64.8

16.8

551,500

114

Ireland

21.2

67.1

11.7

70,273

64

Italy

14.1

65.5

20.4

301,336

202

Netherlands

17.7

67.0

15.3

37,354

446

Spain

15.0

68.0

17.0

505,992

°

Sweden

16.5

65.3

18.2

450,295

21

United Kingdom

17.4

66.0

16.6

242,900

257

Switzerland

15.2

68.1

16.7

41,277

187

USA

20.4

66.5

13.1

9,629,091

33

Canada

16.4

69.5

14.1

9,984,670

3

Japan

13.4

63.9

22.7

377,930

335

1 as at 1 January, France, Ireland and United Kingdom: provisional figures Source: EUROSTAT; StBA

surface in sq km

inhabitants per sq km

Employment in selected industrialised countries labour force in 1,0001 1995 EU-27 EU-15

persons in employ- economic activity ment in 1,000 rate as %2

2011

1995

female economic activity rate as %3

1995

2011

1995

2011

° 217,169

°

71.2

°

64.9

166,526 192,030 149,326 173,453

67.2

72.5

56.6

66.2

° 240,399

2011

125

of which: Germany

38,992

42,239

35,758

39,738

70.5

77.2

61.3

71.8

Austria

3,840

4,323

3,692

4,144

71.4

75.3

61.7

69.5

Belgium

4,181

4,856

3,775

4,509

62.1

66.7

51.7

61.1

France

24,762

28,585

22,017

25,764

67.8

70.4

60.8

66.1

Ireland

1,453

2,113

1,275

1,809

61.9

69.4

47.3

62.1

22,642

25,075

20,026

22,967

57.8

62.2

42.3

51.5

7,368

8,757

6,845

8,369

69.3

78.4

58.6

73.1

15,791

23,104

12,512

18,105

59.0

73.7

43.3

67.0

4,454

5,019

4,064

4,642

77.0

80.2

74.6

77.7

28,438

31,612

26,056

29,078

75.2

75.7

66.5

69.7

Italy Netherlands Spain Sweden United Kingdom

share of persons in employment by economic sector as % in 20114 agriculture

manufacturing

services

EU-27

5.3

22.9

EU-15

3.0

21.1

Germany

1.6

Austria

4.9

Belgium

unemployment rate as %5 1995

2009

2010

2011

71.9

°

9.0

9.7

9.7

75.9

10.2

9.2

9.6

9.7

24.6

73.8

8.3

7.8

7.1

5.9

23.5

71.5

3.9

4.8

4.4

4.2

1.4

19.1

79.6

9.7

7.9

8.3

7.2

France

2.5

18.8

78.7

10.5

9.5

9.8

9.7

Ireland

4.6

19.0

76.4

12.3

11.9

13.7

14.4

Italy

3.9

26.9

69.3

11.2

7.8

8.4

8.4

Netherlands

2.5

16.0

81.6

7.1

3.7

4.5

4.4

Spain

4.1

19.9

75.9

20.0

18.0

20.1

21.7

of which:

Sweden

2.0

21.6

76.4

8.8

8.3

8.4

7.5

United Kingdom

1.3

15.8

82.9

8.5

7.6

7.8

8.0

Switzerland

3.3

21.1

70.9

4.2

4.1

4.2

3.8

USA

1.5

19.9

78.6

5.6

9.3

9.6

9.0

Canada

2.4

21.5

76.5

9.5

8.3

8.0

7.4

Japan

3.8

27.7

67.3

3.2

5.1

5.1

4.66

Australia

3.3

21.6

75.1

9.8

5.6

5.2

5.1

1 all persons in or looking for directly or indirectly gainful employment 2 labour force as % of population aged 15–64 3 female labour force as % of female population aged 15–64 4 USA, Canada, Japan and Australia: figures for 2008; Switzerland: figures for 2009 5 unemployed as % of labour force 6 due to modified classification, figure not comparable to previous years Source: StBA; EUROSTAT; OECD

126

Gross domestic product and prices in selected industrialised countries gross domestic product

consumer prices

in US dollars bn1

change against previous year as %2

change against previous year as %

13,093.6

1.5

°

2.7

per capita in US dollars3 2011

Euro area of which: Germany

3,575.5

3.0

43,742

2.3

Austria

419.1

3.1

49,809

3.3

Belgium

513.2

1.9

46,878

3.5

France

2,776.1

1.7

44,008

2.1

Ireland

217.5

0.7

47,513

2.6

2,197.8

0.4

36,267

2.8

837.4

1.2

50,356

2.3

1,492.9

0.7

32,360

3.2

2,416.0

0.7

38,592

4.5

635.3

1.9

81,161

0.2 3.2

Italy Netherlands Spain United Kingdom Switzerland USA

15,094.0

1.7

48,387

Canada

1,736.1

2.5

50,436

2.9

Japan

5,870.9

-0.8

45,920

-0.3

private consumption

public consumption

gross capital formation

exports

imports

of goods and services

savings ratio as %4

as % of gross domestic product 2011 Euro area

57.4

21.6

19.2

43.8

42.4

° 11.3

of which: Germany

57.4

19.6

18.2

50.1

45.0

Austria

53.6

19.3

21.1

56.6

53.7

7.7

Belgium

52.9

24.1

20.8

84.7

83.0

10.7 16.6

France

57.7

24.5

19.8

26.7

29.7

Ireland

49.6

18.4

10.2

105.7

84.2

8.5

Italy

61.3

20.5

19.5

28.8

30.2

3.9

Netherlands

44.9

28.1

18.6

82.7

74.6

2.3

Spain

58.3

20.3

18.3

30.1

30.7

11.1

United Kingdom

64.2

22.5

14.3

32.3

34.2

6.8

Switzerland

57.3

11.5

21.1

52.9

41.4

12.1

USA

71.1

16.9

15.6

13.8

17.7

4.6

Canada

57.1

21.4

22.6

26.0

25.9

4.3

Japan

60.3

20.7

20.7

15.2

16.1

7.3

1 at current prices and exchange rates 2 at constant prices 3 at current prices and exchange rates, partly provisional figures 4 net savings of private households as % of disposable income; France, Spain and United Kingdom: gross savings Source: OECD; IMF

127

Public finances in selected industrialised countries public debt

government budget balance as % of GDP

2009

2010

2011

2009

2010

Germany

74.4

83.0

81.2

-3.2

-4.3

2011 -1.0

Austria

69.5

71.9

72.2

-4.1

-4.5

-2.6

Belgium

95.8

96.0

98.0

-5.6

-3.8

-3.7

Denmark

40.6

42.9

46.5

-2.7

-2.5

-1.8

Finland

43.5

48.4

48.6

-2.5

-2.5

-0.5

France

79.2

82.3

85.8

-7.5

-7.1

-5.2

Greece

129.4

145.0

165.3

-15.6

-10.3

-9.1

Ireland

65.1

92.5

108.2

-14.0

-31.2

-13.1

116.0

118.6

120.1

-5.4

-4.6

-3.9

14.8

19.1

18.2

-0.8

-0.9

-0.6

Italy Luxembourg Netherlands

60.8

62.9

65.2

-5.6

-5.1

-4.7

Portugal

83.1

93.9

107.8

-10.2

-9.8

-4.2 -8.5

Spain

53.9

61.2

68.5

-11.2

-9.3

Sweden

42.6

39.4

38.4

-0.7

0.3

0.3

United Kingdom

69.6

79.6

85.7

-11.5

-10.2

-8.3

taxes as % of GDP

taxes and social contributions as % of GDP

public expenditure ratio1

1980

20102

1980

20102

1980

1990

2011

Germany

23.9

22.1

36.4

36.3

46.9

43.6

45.7

Austria

26.8

27.5

38.9

42.0

50.0

51.5

50.5

Belgium

29.4

29.6

41.3

43.8

55.0

52.2

53.2

Denmark

42.5

47.2

43.0

48.2

52.7

55.4

57.8

Finland

27.4

29.6

35.7

42.1

40.1

48.2

53.7

France

23.0

26.3

40.1

42.9

45.7

49.6

55.9

Greece

14.5

20.2

21.6

30.9

25.0

45.2

50.0

Ireland

26.6

22.3

31.1

28.0

69.0

42.3

48.8

Italy

18.4

29.4

29.7

43.0

40.8

52.6

50.0

Luxembourg

25.3

25.8

35.6

36.7

°

37.7

42.0

Netherlands

26.6

24.4

42.9

38.2

55.2

54.9

50.2

Portugal

16.1

22.3

22.9

31.3

33.3

38.5

48.9

Spain

11.6

19.7

22.6

31.7

16.4

42.6

43.6

Sweden

33.0

34.4

46.4

45.8

40.0

°

51.1

United Kingdom

29.0

28.3

34.8

35.0

47.6

41.1

49.1

Switzerland

18.9

22.9

24.7

29.8

°

°

°

USA

20.6

18.3

26.4

24.8

34.2

37.3

41.7

Canada

27.7

26.2

31.0

31.0

°

°

°

Japan

18.0

15.9

25.4

26.9

33.5

31.1

43.0

1 government expenditure as % of GDP 2 Netherlands and Japan: figures for 2009 Source: BMF

128

Population and economy in the EU accession countries population1

gross domestic product2

in 1,000

in EUR bn

gross domestic product per capita (EU-27=100)3

2009

2010

2011

2009

2010

2011

2009

2010

2011

7,607

7,564

7,505

34.93

36.05

38.484

44

44

45

797

803

8044

16.85

17.33

17.76

98

95

92

10,468

10,507

10,533

141.45

149.31

154.91

82

80

80

Estonia

1,340

1,340

1,340

13.84

14.31

15.97

64

64

67

Hungary

10,031

10,014

9,986

91.40

97.09

100.78

65

65

66

Latvia

2,261

2,248

2,230

18.52

17.97

20.05

51

555

58

Lithuania

3,350

3,329

3,245

26.62

27.54

30.70

55

57

62

414

413

418

5.81

6.12

6.39

82

82

83

Poland

38,136

38,167

38,200

310.65

354.57

370.01

61

63

65

Rumania

21,499

21,462

21,4144

118.20

124.06

136.484

47

47

49

Slovakia

5,412

5,425

5,435

62.80

65.74

69.06

73

73

73

Slovenia

2,032

2,047

2,050

35.31

35.42

35.64

87

85

84

Bulgaria Cyprus Czech Rep.

Malta

gross domestic product6 change against previous year as %

consumer prices (2005=100)7

unemployment rate as %

2009

2010

2011

2009

2010

2011

2009

2010

2011

Bulgaria

-5.5

0.2

1.7

132.6

136.6

141.2

6.8

10.2

11.2

Cyprus

-1.9

1.1

0.5

109.2

112.0

115.9

5.3

6.2

7.8

Czech Rep.

-4.7

2.7

1.7

112.4

113.7

116.2

6.7

7.3

6.7

-14.3

2.3

7.6

123.6

127.0

133.4

13.8

16.9

12.5

Estonia Hungary

-6.8

1.3

1.7

123.9

129.7

134.8

10.0

11.2

10.9

Latvia

-17.7

-0.3

5.5

139.6

137.9

143.7

17.1

18.7

15.4

Lithuania

-14.8

1.4

5.9

127.1

128.6

133.9

13.7

17.8

15.4

Malta

-2.7

2.3

2.1

110.1

112.4

115.1

6.9

6.9

6.5

Poland

1.6

3.9

4.3

112.6

115.6

120.1

8.2

9.6

9.7

Rumania

-6.6

-1.6

2.5

127.4

135.2

143.0

6.9

7.3

7.4

Slovakia

-4.9

4.2

3.3

111.4

112.2

116.8

12.0

14.4

13.5

Slovenia

-8.0

1.4

-0.2

113.3

115.6

118.0

5.9

7.3

8.2

public finances

long-term interest rates8 as %

public debt as % of GDP

government budget balance as % of GDP

2009

2010

2011

2009

2010

2011

2009

2010

2011

6.75 

5.19

5.23

14.6

16.3

16.3

-4.3

-3.1

-2.1

Cyprus

°

°

7.00

58.5

61.5

71.6

-6.1

-5.3

-6.3

Czech Rep.

°

°

3.70

34.4

38.1

41.2

-5.8

-4.8

-3.1

Estonia

°

°

°

7.2

6.7

6.0

-2.0

0.2

1.0

9.11 

7.28

8.97

79.8

81.4

80.6

-4.6

-4.2

4.3

15.50 

6.85

5.93

36.7

44.7

42.6

-9.8

-8.2

-3.5

Lithuania

°

°

5.75

29.4

38.0

38.5

-9.4

-7.2

-5.5

Malta

°

°

4.43

68.1

69.4

72.0

-3.8

-3.7

-2.7

6.13 

5.80

5.84

50.9

54.8

56.3

-7.4

-7.8

-5.1

Rumania

°

°

7.39

23.6

30.5

33.3

-9.0

-6.8

-5.2

Slovakia

°

°

5.21

35.6

41.1

43.3

-8.0

-7.7

-4.8

Slovenia

4.37 

3.83

6.90

35.2

38.8

47.6

-6.1

-6.0

-6.4

Bulgaria

Hungary Latvia

Poland

1 as at 1 January • 2 at current prices and exchange rates • 3 at current prices; in purchasing power standards • 4 provisional figure • 5 due to modified classification, figures not comparable with previous years • 6 chain-linked volumes, reference year 2000; in national currency • 7 harmonized index of consumer prices • 8 average yield of 10-year government bonds; from 2011 yield of government bonds with remaining time to maturity of about 10 years on the secondary market, average for December Source: EUROSTAT

129

Gross domestic product and population in selected emerging markets gross domestic product

change against previous year as %2

in US dollars bn1

Argentina Brazil

2008

2009

2010

2008

2009

326.7

307.1

368.7

6.8

0.9

2010 9.2

1,652.6

1,594.5

2,087.9

5.2

-0.6

7.5

Mexico

1,094.5

879.7

1,034.8

1.2

-6.1

5.4

China

4,521.8

4,991.3

5,926.6

9.6

9.2

10.4

India

1,216

1,377.3

1,727.1

4.9

9.1

8.8

539.4

706.6

6.0

4.6

6.1

Indonesia South Africa Russia

510.2 275.3

282.8

363.7

3.6

-1.7

2.8

1,660.8

1,222.0

1,479.8

5.2

-7.8

4.0

population in m

Argentina Brazil Mexico

gross national income per capita in US dollars3

2008

2009

2010

2008

2009

39.7

40.1

40.4

7,190

7,580

2010 8,620

191.5

193.2

194.9

7,480

8,090

9,390

110.6

112.0

113.4

9,640

8,650

8,890

China

1,324.7

1,331.4

1,338.3

3,040

3,620

4,270

India

1,140.0

1,155.3

1,170.9

1,080

1,220

1,330

235.0

237.4

239.9

1,950

2,160

2,500

Indonesia South Africa Russia

48.8

49.3

50.0

5,860

5,730

6,090

142.0

141.9

141.8

9,710

9,290

9,900

1 at current prices and exchange rates 2 at constant prices in national currency 3 calculated according to Atlas method Source: World Bank

130 year

Interest rates, bond yields and share prices in Europe and the USA* key interest rates of the central bank

current yield of ­government bonds

share indexes

USA1

Euro area2

1975

4.88

3.50

8.0

8.5

852

°

1980

18.00

7.50

11.4

8.8

964

°

481

1985

7.75

4.00

10.6

6.6

1,547

°

1,366

1990

7.00

6.00

8.6

8.8

2,634

859

1,398

1991

4.00

8.00

7.9

8.3

3,169

1,000

1,578

1992

3.00

8.25

7.0

7.4

3,301

1,034

1,545

1993

3.00

5.75

5.9

5.9

3,754

1,433

2,267

1994

5.50

4.50

7.1

7.5

3,834

1,321

2,107

1995

5.50

3.00

6.6

6.1

5,117

1,507

2,254

1996

5.25

2.50

6.4

5.8

6,448

1,850

2,889

1997

5.50

2.50

6.4

5.3

7,908

2,532

4,250

1998

4.75

2.50

5.3

3.9

9,181

3,342

5,002

1999

5.50

3.00

5.7

5.2

11,497

4,904

6,958

2000

6.50

4.75

6.0

4.9

10,788

4,772

6,434

2001

1.75

3.25

5.0

4.8

10,022

3,806

5,160

2002

1.25

2.75

4.6

4.3

8,342

2,386

2,893

2003

1.00

2.00

4.0

4.3

10,454

2,761

3,965

2004

2.25

2.00

4.3

3.6

10,783

2,951

4,256

2005

4.25

2.25

4.3

3.4

10,718

3,579

5,408

2006

5.25

3.50

4.8

3.8

12,463

4,120

6,597

2007

4.25

4.00

4.6

4.3

13,265

4,400

8,067

2008

0.25

2.50

3.7

3.2

8,776

2,451

4,810

2009

0.25

1.00

3.3

3.2

10,428

2,966

5,957

2010

0.25

1.00

3.2

2.9

11,578

2,793

6,914

2011

0.25

1.00

2.8

2.1

12,218

2,317

5,898

USA3

Germany4 Dow Jones EuroSTOXX 50 Industrial

DAX 30

as % 563

* as per end of year 1 federal funds rate; 1975 rounded; 1980 and from 2008 upper boundary of applied margin 2 until 1998 bank rate of the Deutsche Bundesbank, from 1999 main refinancing facility of the ECB 3 government bonds with 10-year maturity 4 government bonds with remaining time to maturity of 9–10 years; average for December Source: Deutsche Bundesbank; ECB; Federal Reserve; Dow Jones; Deutsche Börse

131

Exchange rates DM exchange rates The national currency concerned was equal to …DM1 year

1 US dollar

1 British pound

1960

4.17

11.71

100 Jap. yen °

100 Swiss francs

1970

3.65

8.74

1.02

84.60

1980

1.82

4.23

0.81

108.48

1990

1.62

2.88

1.12

116.50

1998

1.76

2.91

1.35

121.41

96.56

EUR exchange rates 1 EUR was equal to1 year

US dollars

British pounds

Jap. yen

Swiss francs

1999

1.0658

0.65874

121.32

1.6403

2000

0.9236

0.60948

99.47

1.5579

2001

0.8956

0.62187

108.68

1.5105

2002

0.9456

0.62883

118.06

1.4670

2003

1.1312

0.69199

130.97

1.5212

2004

1.2439

0.67866

134.44

1.5438

2005

1.2441

0.68380

136.85

1.5483

2006

1.2556

0.68173

146.02

1.5729

2007

1.3705

0.68434

161.25

1.6427

2008

1.4708

0.79628

152.45

1.5874

2009

1.3948

0.89094

130.34

1.5100

2010

1.3257

0.85784

116.24

1.3803

2011

1.3920

0.86788

110.96

1.2326

1 annual averages Source: Deutsche Bundesbank, ECB

Index

Accident insurance, private Accident insurance, statutory Ageing reserve Assets, fixed Basisrente contracts Building activity Buildings, stock of Business in force insurance industry, total health insurance life insurance property & casualty insurance Business start-ups Capital formation, fixed Claims ratio property & casualty insurance reinsurance Combined ratio Comprehensive insurance on buildings Comprehensive insurance on contents Consumer expenditure Consumer price index Credit, surety and fidelity insurance Direct insurance (occupational pensions) Distribution channels Durable consumption goods Emerging markets Employment insurance industry Germany industrialised countries Engineering insurance / EI-BI Equity capital (insurance companies) EU accession countries Exchange rates

58, 59, 75, 78 115 48, 52 90, 91 37 92 92 7 45, 47 26, 27 57, 58 93 88, 89 54, 78 82 78 58, 59, 62, 78 58, 59, 63, 78 88, 89, 100 101 58, 68, 78 38, 109 12 98 119, 121, 129 8 87 125 58, 59, 66, 78 42, 52, 79, 83 128 131

Financial assets (of private households) acquisition of financial assets Fire brigade tax Foreign business primary insurance reinsurance Foreign insurance companies in Germany Foreign insurance markets emerging markets industrialised countries occupational pension schemes reinsurance Gross domestic product Germany emerging markets industrialised countries

17, 18 80 19, 20 119, 121 118, 120 123 122 88, 89 129 126

Health care sector Health insurance, private premium income investment portfolio claims expenditure companies (number, legal form) distribution channels type of insurance business in force ageing reserve compulsory long-term care insurance Health insurance, statutory Households (number) Income, disposable Industrialised countries Insolvencies Insurance advisers

104, 107 105–107 24

94 5, 45, 46 52 48–50 2, 44 12 46, 47, 49 7, 45, 47 48, 52 51 113 86

100 118, 120, 124–127 93 11

Insurance benefits insurance industry, total health insurance life insurance property & casualty insurance reinsurance Insurance companies number employment by federal state legal form Insurance density Insurance industry premium income employment insurance benefits investment portfolio market concentration cross-industry comparison Insurance intermediaries Insurance penetration Insurance premium tax Interest rates Investment portfolio insurance industry, total primary insurance health insurance life insurance property & casualty insurance reinsurance alternative investments Legal expenses insurance Legal form insurance industry, total health insurance life insurance property & casualty insurance Liability insurance Life insurance premium income business development investment portfolio insurance benefits liabilities towards policyholders

1 48–50 40, 41 54, 56 80 2 9, 10 4 3 21, 120, 121 5 8–10 1 13, 14 22 23 8, 11 21, 120, 121 24 110, 130 13, 14 15 52 42 79 83 16 58, 59, 76, 78 3, 6 44 25 53 58, 59, 69, 78 5, 26, 27, 30–34 26, 27 42 40, 41 42

business in force new business companies (number, legal form) distribution channels type of insurance Basisrente contracts direct insurance (occupational pensions) Riester contracts reinsurance (occupational pensions) supplementary insurance share of financial assets share of acquisition of financial assets Long-term care insurance, private Long-term care insurance, social

7, 26, 27 26, 27, 35 2, 25 12 32, 34, 35 37 38 36 38 39 104 105, 107 45, 47, 49, 51 114

Marine and aviation insurance 58, 67, 78 Market concentration (insurance industry) 22 Mortality 85 Motor insurance 58, 59, 70–74, 78, 95 Motor vehicles 95, 103 expenditure on motor vehicles (price index) 103 Occupational pension schemes incidence pension vehicles life insurance direct insurance reinsurance Pensionskassen pension funds international comparison Pension funds Pension insurance, private Pension insurance, statutory Pensionskassen Population Germany emerging markets EU accession countries industrialised countries

108 109 28–30, 38, 109 38, 109 38 28, 43, 109 29, 109 123 29, 109 32, 34, 36, 37 112 2, 28, 43, 109 84 129 128 124

Premium income insurance industry, total health insurance life insurance property & casualty insurance reinsurance by federal state by legal form by class of business emerging markets industrialised countries Prices, price indexes Property & casualty insurance premium income investment portfolio claims expenditure claims claims ratio combined ratio companies (number, legal form) distribution channels business in force technical provisions technical results Property insurance total private property insurance non-private property insurance comprehensive insurance on buildings comprehensive insurance on contents industrial / commercial / agricultural property insurance engineering insurance / EI-B Public finances Reinsurance premium income investment portfolio claims expenditure companies (number) classes claims ratio technical results technical provisions international locations

5 5, 45, 46 5, 26–30 5, 80, 81 5, 54, 55 4 6, 25, 44, 53 1, 5 119 118 101–103 5, 54, 55 79 54, 56 57, 59 54, 78 78 2, 53 12 7, 57, 58 79 78 58–60, 78 58, 59, 61, 78 58, 59, 64, 78 58, 59, 62, 78 58, 59, 63, 78 58, 59, 65, 78 58, 59, 66, 78 127 5, 80, 81, 122 83 80 2 81 82 82 83 122

Riester contracts Road accidents Roadside assistance Savings ratio Share prices Social expenditure social welfare budget ratio of social expenditure Social insurance systems Social security systems, tax-financed Technical results property & casualty insurance reinsurance Transportation of goods Unemployment insurance, statutory Wages and salaries Yields (bonds)

36 96 58, 59, 77 100 110, 130 111 111 112–116 117 78 82 97 116 99 110, 130

Gesamtverband der Deutschen Versicherungswirtschaft e.V. German Insurance Association Wilhelmstr. 43/43 G D-10117 Berlin Tel. +49 (0) 30 - 20 20 51 31 Fax +49 (0) 30 - 20 20 66 16 [email protected] www.gdv.de

Statistical Yearbook of German Insurance

2012

Gesamtverband der Deutschen Versicherungswirtschaft e.V.

Statistical Yearbook of German Insurance 2012

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