Insurers lay off to save money

Some insurers settled in Germany are planning to reduce their workforce in an effort to achieve more savings.

The digital will normally replace the laid off.
Talanx, third insurer in the country and parent company of Hannover Re, is targeting savings of 240 million EUR (265.77 million USD) by 2020.

In return, the company will make 600 redundancies. Similarly, the German subsidiary of the Italian insurer Generali has finalized negotiations for the dismissal of 1 000 employees. The departures will continue until 2018.