Motor vehicle insurers are experiencing losses, leading to price increases for customers. Additionally, building and private health insurance are expected to become more expensive due to rising real estate values and an increase in extreme weather events.
The financial supervisory authority Bafin does not accept consistently deficit-ridden segments. Generali Deutschland, Allianz Lebensversicherungen, Debeka, and the Versicherungskammer Group have reported losses.
In the life insurance sector, expensive policies are facing criticism, as more than 70% of policyholders cancel prematurely. The Bafin has raised concerns about the high costs and low returns of capital-forming life insurance policies.
Millions of health insurance policyholders may face a significant increase in contributions by 2025, with the health minister announcing potential rate hikes. Various health insurance providers, including KKH, AOK Nordost, ikk classic, and Knappschaft, are particularly affected.
The coalition government plans improvements in emergency treatment, primary care, and heart attack prevention, while ruling out benefit cuts for policyholders.
