Munich Re, the world's biggest reinsurer, said Tuesday its bottom-line profit increased by more than fourfold in 2012 because natural catastrophes cost it less than a year ago.
US securities regulators charged German insurer Allianz SE on Monday with bribing Indonesian government officials, and fined the company $12.3 million for violating overseas corruption laws.
Having health insurance is obligatory in Germany, but there are considerable differences between private and public coverage. Joe Morgan explores the healthy options for your wallet.
The 71 million people covered by Germany’s statutory health insurance system may soon be forced to pay up to €840 ($1,195) per year over normal premiums, according to the the head of the state insurance association.
German reinsurance group Hannover Re said Wednesday that the Japanese disasters would cost it around €250 million ($350 million), six times less than global giant Munich Re.
About one million people have refused to pay additional fees levied by statutory health insurers this year to fill budgetary shortfalls, a media report said on Tuesday.
German insurance group Munich Re posted a better-than-expected second quarter net profit on Wednesday owing to earnings from investments, and raised slightly a full-year sales target despite losses from events such as the BP oil catastrophe.
The centre-right government’s health reform plan was blasted Wednesday by opposition parties, unions and insurers as a failure to tackle the deep problems with the health system that would burden the poorest.
Hundreds of thousands of Germans are switching statutory health insurers to avoid additional fees being used to plug budgetary gaps, a media report said on Monday.
German Health Minister Philipp Rösler surprised observers and infuriated the pharma industry on Friday by launching a tough-seeming package to reduce drug costs including mandatory price cuts.
The deadly Atlantic storm ‘Xynthia’ could end up costing German insurance giant Allianz €300 million after leaving a wake of destruction across Europe last weekend.
A German health insurance official on Monday said additional fees for statutory insurance are likely to be implemented nationwide by 2011 at the latest.
The head of Germany’s independent drug watchdog has criticised the pharmaceutical industry for allegedly trying to muzzle his institute for its often critical stance on drug companies.
Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich Re said Thursday.
German politicians say they’re concerned about the spiralling cost of health care. But as Hannah Cleaver reports, they also appear content to let pharmaceutical firms charge far more for medication that is cheaper elsewhere.
Health insurer threats to raise premiums to accommodate swine flu vaccinations have been met with strong criticism from German politicians and employers this week.
Munich Re, one of the world's top reinsurance companies, surprised analysts on Tuesday with strong second-quarter figures, the latest in a row of mostly upbeat global financial sector results.
Natural disasters killed over 220,000 people in 2008, making it one of the most devastating years on record and underlining the need for a global climate deal, the world's number two reinsurer Munich Re said Monday.
