Motor insurers warn of permanently deficit insurance sectors

Motor insurers warn of permanently deficit insurance sectors

The car insurers have carried out premium increases in recent years in order to counteract the increasing damage costs. Nevertheless, these increases apparently are not sufficient because they cannot compensate for the inflation of the damage costs. In a current Handelsblatt interview, it is emphasized that permanently deficit insurance sectors are not accepted. This shows that the insurers strive to ensure the profitability of their vehicle divisions.

The fact that the premium increases cannot keep up with the increasing inflation of the damage costs raises questions of how the insurance companies will deal with this challenge. It remains to be seen whether you will develop alternative strategies in order to secure the profitability of your vehicle insurance sectors in the long term.

The development in the vehicle insurance industry is therefore trally pursued because the increasing damage costs represent a continued challenge. It will be interesting to see how the insurers react to it and what measures they take to improve their profitability and to avoid permanently deficient divisions. Industry experts and insurance companies have to work together to find long -term solutions that benefit both the insurers and the policyholders.