Markus Portmann

📊 New Insights from the 2024 Ifo Special Survey on Insurance Companies Our latest study in collaboration with the ifo Institute reveals mixed trends in the insurance sector. While the current earnings outlook has worsened in many areas, particularly in property and casualty insurance, the long-term forecast is brighter. ➡️ Short-term Struggles: A third of insurers report unfavorable earnings, with rising costs impacting profitability. ➡️ Optimism for the Future: 53% expect earnings to improve over the next three years, signaling a recovery. Read the full report here https://lnkd.in/dr7QxijN Thilo Bertelsmann

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https://lnkd.in/e8NWp32p Prophetic 2025 forecast for the Insurance industry: "Climate change will undermine insurers’ calculations. Yet Swiss Re, a big insurer, predicts the industry will grow rapidly, with life-insurance premiums reaching $3.1trn and non-life premiums $4.8trn. Environmental-disclosure rules will tighten in many countries; EU companies will issue their first sustainability reports. But an American backlash against “sustainable” investing will spread."

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🚀 (Another) Big News Alert! 🚀   Allianz Direct is on the move again! We’re thrilled to announce that we've acquired iptiQ by Swiss Re’s European Property & Casualty (P&C) business. This strategic move, pending regulatory approval, is expected to close in Q2/Q3 2025. 🌟   What does this mean?   👍 We welcome over 130,000 iptiQ customers to the Allianz family and build a stronger presence in the B2B2C distribution channel across Europe. 👍We bid a warm welcome to over 100 new talented employees from Switzerland, Germany, Spain, the Netherlands, and Italy. 👍We ensure continuity and stability with all current distribution agreements intact in primarily motor and home insurance products distributed via business partners (B2B2C).    With this acquisition, we’re not just expanding our footprint, we’re putting on our biggest, boldest boots and marching confidently into the future of insurance. 🥾 🌍 A huge shoutout to Philipp Kroetz and his amazing team for their hard work. We suspect they might have superpowers (or at least a secret stash of coffee)! ☕💪   Stay tuned for more updates as we continue to leverage our technology platform to deliver top-notch services across Europe in both B2C and B2B2C. Here's to new beginnings and even greater success! 🎉 #allianzdirect #futureofinsurance #digitallyunbeatable

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🌍 Navigating Natural Catastrophes: The Case for Parametric Insurance 🌪️ Climate change is driving an increase in natural catastrophe risks across Europe, forcing risk managers to rethink their strategies. With traditional insurance capacity falling short, many are adopting parametric insurance as a faster, more flexible solution. In an Agefi Luxembourg feature, Teresa Schorstein, Senior Structurer, and Dr. Paul Wöhrmann, Captive Advisor, from Swiss Re Corporate Solutions, discuss how #parametric insurance helps #captives and reinsurers: ✔️ Fast payouts triggered by measurable events ✔️ Targeted risk management for emerging challenges ✔️ Cost efficiency and flexible customization 👉 Jump to page 21 to read the full article to explore their insights and the future of Nat Cat risk management: https://ow.ly/iJRF30sIpxV

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As usual: good time, good people at our annual #partners event in #Zurich at FIFA Museum ⚽️ I will not spoil any photos about the event (despite I have many) as they will be posted soon (stay tuned!). However I can spoil that it has been a confirmation about the excellent #collaboration with our best #partners in Switzerland 🇨🇭 The whole Allianz Trade in Switzerland team does its best everyday to match your expectations! • • • #partners #brokers #AllianzTrade #tradecreditinsurance #sureties #fidelity #multiliner #collaboration

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Seems that sunnier times are on the cards for #insurance, especially for the #life insurance. So says #SwissRe in its latest #Sigma. After more than a decade of “Lower for longer” and expecting the return to target #inflation. Even with increased geopolitical volatility and secular demographic and environmental #trends, the macro environment should give us some tailwinds. On a more local note, I was sad to see that countries from the region are not shown in the statistical appendix, maybe our markets are too small on their own.

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Q1'2024 Financials Published Yesterday #SwissRe published its Financials for the first quarter of 2024 - for the first time under the new IRFS regime. With a #NetIncome of USD1.1bn we are nicely on track to reach the full year target of USD3.6bn. Our balance sheet has strengthened even further with #ShareholderEquity of more than USD21bn and a SST ratio of above 300%. With its strong AA- Rating SwissRe Group remains a solid and reliable partner for our important clients in the #CreditInsurance space. 💪 https://lnkd.in/eBcaTx46 #SwissReCorporateSolutions #SwissReGermany #ProjectFinance #PRI #TradeCredit

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#blogpost In our latest blog article Michael Hansen, CEO Swiss Life Network, discusses with experts the advantages that harnessing AI could bring to insurance and how it can offer clients more choice and confidence. 📣 Do we really trust AI? Are we prepared to implement it? 🤖 👉 Find out more in our latest blog article Swiss Life Global Solutions #yourlife #selfdetermination #insurance #artificialintelligence #swisslife

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Aon published its annual German market report ahead of the GVNW symposium and any GVNW member in need of a boost following the association’s usually boisterous annual Bavarian evening should take a look over breakfast. Overall, the news is positive for German risk and insurance managers, particularly in lines that were most difficult at the height of the recent hard market – cyber and D&O, says Aon. 👉https://ow.ly/TQ6w50TgybM Aon GVNW - Gesamtverband der versicherungsnehmenden Wirtschaft e.V. #InsuranceManagers #GermanRiskManagers

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What is the "protection gap", why is it important and how does insurance fit in the overall climate adaptation strategy? Dirk De Nil and Paolo Mantero explain these topics, as well as why insurers have the data and experience to help..

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Climate change will have both direct and indirect effects on health, compounding the rise in health costs already expected due to aging societies. In this context, adaptation measures are essential. Find out more in the new Allianz Research report: https://ow.ly/BqU750Slkmf

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Alzheimer's is a growing global concern, with 32 million people currently affected and a projected 106 million by 2050, as we face an ageing population worldwide. This debilitating disease significantly impacts cognitive function and has devastating effects on many people's independence and quality of life. Currently, treatments focus on addressing symptoms but not the underlying cause. Innovative advances in drug development show promise in slowing cognitive decline. Advances in early diagnosis with less invasive tests like blood-based biomarkers also offer hope for better management. While this is a step in the right direction, further research is needed before these become mainstream treatments that can help tackle this evolving problem in ageing societies. Discover our latest research with our global overview of Alzheimer's disease: https://ow.ly/2KOW30sGkuX

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🔍 This week, Allianz Research analyzes the cost of rising waters for European families, the fiscal reality check for France and Italy and the ECB's next cut. 👉 Read the full report here: https://ow.ly/jNRr50TKu3z

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While creating the latest flyer (german version) below, I think about the interdependence of #wtwbusinessinformation with various industrial insurance solutions. 🧑 Directors and Officers Liability Insurance ( D&O ) Effective credit and supplier risk management helps to ensure that executive decisions are based on sound analysis and risk assessment. This can reduce the risk of poor decisions and their potential financial impact, which in turn can reduce D&O insurance claims. 💳 Trade Credit Insurance (TCI) Good credit management helps to minimize the risk of payment defaults and improve the terms of trade credit insurance. 🚚 Business Continuity Management (BCM) Good supplier risk management is a key component of BCM as it ensures that suppliers are reliable and potential disruptions in the supply chain are minimized. This helps to maintain business operations. ❤️ to see #wtwbusinessinformation as a missing puzzle piece for a holistic customer journey @ WTW and as a driving differentiator in brokerage of industrial insurance.

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German Association of Actuaries (DAV) has recently pusblished a report on asset-liability management for insurers in the context of IFRS 17 #IFRS17 #IFRS9 #ALM #Insurance Here is the link: https://lnkd.in/ec3b_vkF

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