Non-life insurance, historical level of compensation in 2013

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According to the German insurance federation (GDV), accident and damage compensation have reached the record level of 50 billion EUR (68.8 billion USD) in 2013, an increase of 12% compared to 2012, the highest recorded in 25 years.

GDV ascribes this substantial increase to an "exceptionally high number of natural disasters" that took place in 2013, which cost 7 billion EUR (9.6 billion USD) to german insurers.

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Thu, 11/09/2014 - 10:58
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