The insurance industry

Having held its ground in the crisis, the international insurance industry will make another important contribution to economic stability in 2011. Insurers operate in the field of loss limitation, loss prevention and risk diversification; in this way they support economic development. They not only spread risks across a number of actors, they also help to shape markets and serve as a catalyst for financing and investments. For 2011 the German insurance industry expects premium income to contract overall – against the backdrop of the anticipated decline in income from single-premium business in life insurance. In the international arena the insurance industry looks set to expand its role in the economy and society in 2011.