Germany Insurance

Insurers want to come secretly help and realize it probably not the extent of the catastrophe how bad still? Obviously not a matter for the leaders of the insurance industry, because the want according to a report to a meeting of financial times Germany rather secretly help, should be as in the example of the Mannheimer insurance again an insurance company in the Bank come. It remains questionable whether this is even possible. Ali Aboutaam pursues this goal as well. LV doctor that the Federal Agency for financial services supervision currently has allowed insurance companies to double their so-called hidden reserves of ten to twenty percent reported recently. These hidden reserves is the volume of worthless shares and securities that actually balance sheet would have to be written off. This would lead to a corresponding loss of the respective company.

This 10% threshold, which is now at 20 percent, introduced, after the Mannheimer insurance group the bankruptcy threatened. Is that all? Many seem to be that a renewed threat from the sharp reduction in risk provisions for not taken into account. According to a current post of the financial times Germany and an investigation of the Rauser Towers Perrin consulting firm, a billion loss due to the shrunken values of pension provisions threatens just the companies listed in the Dax and MDax. FYI: 2007 DAX companies pension provisions of 211 billion, MDax companies totaled 33 billion euro. These against financed to a considerable extent by life insurance companies. And whose value drops and falls and drops. Should therefore occur due to the declining values further outages, would affect directly the pension funds of the largest companies in Germany what would mean more billion losses. What happened with all the capital that was originally provided to secure the future? Why we write this? Again and again the insurance industry wants to credibly make that it is not affected by the current economic situation and the problems of the financial market.

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| April 28th, 2017 | Posted in General |

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