Best’s Market Segment Report: AM Best Maintains Negative Outlook on German Life Insurance Segment

AMSTERDAM–(BUSINESS WIRE)–#insurance–AM Best has maintained its negative outlook on Germany’s life insurance segment.

AM Best expects the German life insurance segment’s growth prospects and profit margins to remain pressured by economic headwinds and investment volatility, despite rising interest rates.

A new Best’s Market Segment Report, “Market Segment Outlook: Germany Life Insurance,” notes that life premium growth levels are vulnerable to deterioration in economic conditions and consumer sentiment. In addition, margins are likely to remain modest over the next 12 months, despite rising interest rates, which will only benefit portfolio returns over time as lower-yielding bonds mature. Crediting rates on new business is also expected to increase to ensure that products are competitive.

On the other hand, the report identifies the growth of capital-light products in the German life insurance market as a moderating factor and observes that downward pressure on German life insurers’ regulatory solvency positions is reversing, reflecting the increase in interest rates.

To access a complimentary copy of this market segment report, please visit

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


Konstantin Langowski

Senior Financial Analyst
+31 20 308 5431

Angela Yeo
Senior Director, Analytics & Head of Operations
+31 20 308 5421

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280

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