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German insurers see another year of slow premium growth in 2016
February 12, 2016 / 12:29 PM / 2 years ago

German insurers see another year of slow premium growth in 2016

BERLIN, Feb 12 (Reuters) - German insurers will likely see premium growth stagnate at a rate of 0.5 percent this year amid debilitatingly low interest rates, trade body GDV said on Friday.

In 2015, total premiums edged up 0.5 percent to 193.6 billion euros ($218.4 billion), posting the weakest growth rate in four years, GDV said on Friday.

GDV represents some of Europe’s largest insurance sector companies, such as Allianz, Munich Re and Talanx, as members.

$1 = 0.8866 euros Reporting by Klaus Lauer; Writing by Maria Sheahan; Editing by Christoph Steitz

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