2014-01-28 14:06:03 - Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Germany health insurance market accounted for the lowest of the German insurance industry´s written premiums in 2012, making it the smallest segment in the industry. During the review period (2008â2012), the main growth drivers were the country´s rising healthcare expenditure, an increase in GDP and the flexibility to purchase private health insurance.
Health insurance was the largest category in the segment in 2012, and the German healthcare system includes both public and private healthcare services. Although the government provides mandatory health insurance, the German private health insurance category registered growth in terms of new business during 2011â2012.
The personal accident and health insurance segment is the smallest insurance segment in Germany in written premium terms. In 2012, the segment accounted for
23.3% of the industry´s total written premium value. The German health insurance category accounted for 83.6% of the segment´s written premiums, followed by the personal accident category which accounted for 15.5% and the travel insurance category which made up the remaining 0.9%
Germany´s changing demographics and inflation in medical costs increased the cost of healthcare significantly during the review period. The segment is highly fragmented and the leading companies include Allianz, Axa, Central DBV and DKV Deutsche. During the review period, an increasing number of outbound tourists supported the growth of travel-related insurance in Germany.
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