🇩🇪Germany

Fehlerhafte Risikoselektion bei New Business

2 verified sources

Definition

In motor insurance, underwriting losses occurred between 2022-2024 due to high claims inflation outpacing premiums, with combined ratio at 111% in 2023 for German motor insurance.

Key Findings

  • Financial Impact: € billions in underwriting losses (e.g., combined ratio 111% in 2023 motor insurance); €1.9bn technical profit strain in P&C 2024 after prior losses
  • Frequency: Annual, per policy cycle
  • Root Cause: Lack of real-time risk data in manual New Business underwriting

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Insurance Carriers.

Affected Stakeholders

Underwriters, Risk Managers, New Business Teams

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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