The analysis of the Industry Monitor 2017-2022: Motor Insurance” shows the largest inventory losses suffered by insurance providers.

The analysis of the Industry Monitor 2017-2022: Motor Insurance” shows the largest inventory losses suffered by insurance providers.

According to a report by www.versicherungsjournal.de, there is a significant decline in inventories in the auto division of the insurance industry. This particularly affects 15 of the 50 largest providers, with Allianz Direct recording the largest losses according to the “Industry Monitor 2017-2022: Motor Insurance”.

The development in this area is indicative of a general reduction in the insured risks in motor insurance. From 2017-2022 there was a significant increase in insured risks, however 15 of the largest providers saw significant declines in their portfolios. This impacts the motor insurance market and indicates changes in consumer behavior.

The analysis of the V.E.R.S. Leipzig GmbH shows that Allianz Direct recorded the highest absolute losses. In relative terms, the company lost more than half of its inventory during the period under review.

HDI, on the other hand, recorded a positive development and was able to turn around and make significant gains in 2022 after years of losses.

It turns out that various factors such as the discontinuation of sales via comparison portals at Allianz Direct led to the inventory reductions.

The losses at Axa and DA Direkt are also due to the strong price competition in the industry, which has led to intense price dynamics.

Overall, the losses among the top 15 providers indicate structural changes within the auto insurance industry that require careful analysis and adjustments to remain competitive. Investments in innovation and customer service could be crucial to overcoming these challenges.