The results for RealRate’s 2024 ranking for the German Risk Insurance industry are in and are ranked by financial strength.
The Top 8 Risk Insurance companies are as follows:
The top 3 Risk Insurance companies in order are Delta Direkt Leben, Dialog Leben, and Deutsche Lebensversicherungs-AG.
They had Economic Capital Ratio figures of 55%, 51%, and 34%, respectively.
Delta Direkt Leben did well due to a strong Future Shareholder Profits score, and both Dialog Leben and Deutsche Lebensversicherungs-AG due to their Risk and Other Result performance. These increased the companies’ Economic Capital Ratio scores by 13, 13, and 7 percentage points, respectively.
All 3 companies retain their positions from 2024, so superb consolidating there.
From a total of 8 Risk Insurance companies, just 2 received our sought after ‘Top-Rated’ award.
German risk life insurance is significantly cheaper than classic life insurance and the industry is a significant segment of the broader insurance market.
It generates substantial premiums annually. In 2023, the sector contributed notably to the €224.7 billion in total insurance premium income. Challenges such as rising interest rates and demographic shifts impact growth prospects, prompting cautious optimism for 2024.
The incredible thing we do at RealRate is to deliver fair and independent ratings, bringing together expert knowledge with innovative artificial intelligence.
We use both to compute the Economic Capital Ratio figure.
We are unbiased and work only with audited public data. We are not only fair but also explainable and have no conflicts of interest.
Image Source: https://openai.com/dall-e-3/
