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High prices for car repairs have significantly eroded the profits of German insurers in 2023. Because motor vehicle insurance was in the red, the underwriting profit in property and casualty insurance...
The cost of automobile insurance in Germany is expected to rise by an average of 10% in the coming months, the leader of the German insurance industry group GDV said on Thursday. Rising prices for repairs and spare parts led insurers to lose €2.9 billion ($3.2 billion) in 2023, GDV President Norbert Rollinger said. Many insurance companies already raised their rates at the turn of the year. However, according to Rollinger's assessment, motor vehicle insurers can only be expected to return to pro
US insurer United Health sells Brazil business - high burden NEW YORK - Unitedhealth Group, the largest health insurance company in the US, is selling its Brazilian business to a private...
WIESBADEN (dpa-AFX) - The German insurance industry is hoping for speed in a reform of private pension provision.