Germany - International Actuarial Association

COUNTRY REPORT GERMANY
CONTENTS
New Research ......................................................................................................................................... 1
Research in progress .............................................................................................................................. 2
country Background ................................................................................................................................ 2
Protection Insurance ............................................................................................................................... 4
Retail Longevity Protection ..................................................................................................................... 7
Relevant Organisations ......................................................................................................................... 13
Details on Government Statistics Department ............................................................................... 13
Actuarial Society of the Country .................................................................................................... 13
Insurance regulator ........................................................................................................................ 13
NEW RESEARCH
Eva Kibele et al – Widening socioeconomic differences in mortality among men aged 65 years and
older in Germany
J Epidemiol Community Health 2013; 67:5 453-457
http://jech.bmj.com/content/67/5/453
Eva Kibele – Regional mortality differences in Germany
Doctoral Dissertation (2005-2010)
The aim of this study was to analyze the variation in regional mortality in Germany. Eva Kibele
investigated the regional mortality patterns and trends at different spatial sclaes in Germany and to
identify mortality determinants at the individual and contextual levels.
http://www.demogr.mpg.de/en/projects_publications/publications_1904/monographs/regional_mortalit
y_differences_in_germany_4699.htm
1
Mortality Tables Germany
RESEARCH IN PROGRESS
-
Mortality working group of the German actuarial association (“Arbeitsgruppe
Biometrische Rechnungsgrundlagen”) review of the DAV mortality tables, in
particular the DAV 2004 R
-
Max-Planck-Institut für demografische Forschung in Rostock
(http://www.demogr.mpg.de/de/)
COUNTRY BACKGROUND
Current Population= 80.2 Million People estimate *Destatis – 2011 Census
Life expectancy at birth :
http://esa.un.org/wpp/excel-data/mortality.htm
2
Both sexes
Male
Female
1965-1970
70.7
67.6
73.4
1970-1975
71.2
67.9
74.1
1975-1980
72.3
68.9
75.3
1980-1985
73.7
70.2
76.7
1985-1990
75.0
71.6
78.0
1990-1995
75.9
72.5
79.0
1995-2000
77.2
73.9
80.2
2000-2005
78.6
75.6
81.4
2005-2010
79.8
77.1
82.3
2010-2015
80.7
78.2
83.1
Life expectancy at 65:
2006
2007
2008
2009
2010
2011
2012
Germany Female
20,5
20,7
20,7
20,8
20,9
21,2
21,2
Germany Male
17,2
17,4
17,5
17,6
17,8
18,2
18,2
* http://www.oecd-ilibrary.org/social-issues-migration-health/life-expectancy-at-age-65males_lifeexp65men-table-en
http://www.oecd-ilibrary.org/social-issues-migration-health/life-expectancy-at-age-65females_lifeexp65women-table-en
Population Mortality table:

Statistisches Bundesamt:
https://www.destatis.de/EN/FactsFigures/SocietyState/Population/Deaths/Deaths.html
3
PROTECTION INSURANCE
Market background
http://www.gdv.de/zahlen-fakten/lebensversicherung/
Statistical Yearbook – German Insurance 2014
Published by: Gesamtverband der Deutschen Versicherungswirtschaft e.V. (GDV), German Insurance
Association, Wilhelmstraße 43/43 G, D-10117 Berlin.
http://www.en.gdv.de/wp-content/uploads/2014/11/Statistical_Yearbook_2014.pdf
GDV Yearbook, Table no. 34:
Life Insurance Premiums incl. Pensionskassen and pension funds* – by type of business
GDV Yearbook, Table no. 36:
Life insurance premiums – by type of business (without pension funds and Pensionskassen)
4
5
GDV Yearbook, Table no. 37:
New business in life insurance* by type of business
Mortality Tables

All relevant tables published by the German Actuarial Association such as
o
DAV-Sterbetafel 2004 R für Rentenversicherungen
o
Rechnungsgrundlagen DAV 2008 P für die Pflegerenten(zusatz)versicherung
o
Sterbetafel DAV 2008 T für Lebensversicherungen mit Todesfallcharakter
6
o
Raucher- und Nichtrauchersterbetafeln DAV 2008 T R/NR für Lebensversicherungen mit
Todesfallcharakter
o
DAV-Sterbetafel 2006 HUR
o
Rechnungsgrundlagen für die Erwerbsminderung DAV2001EM DAV2001EM-T
o
Rechnungsgrundlagen für die Erwerbsunfähigkeitsversicherung DAV1998EU
o
Rechnungsgrundlagen für die Berufsunfähigkeitsversicherung DAV 1997
can be found under the following link:
https://aktuar.de/unsere-themen/lebensversicherung/Seiten/default.aspx

the Heubeck tables (proprietary tables for private pensions): refer to www.heubeck.de
RETAIL LONGEVITY PRO TECTION
Market Background
http://www.gdv.de/zahlen-fakten/lebensversicherung/
http://www.gdv.de/zahlen-fakten/lebensversicherung/renten-undkapitalversicherungen/#beitraegeneuzugang
7
8
Statistical Yearbook – German Insurance 2014
Published by: Gesamtverband der Deutschen Versicherungswirtschaft e.V. (GDV), German Insurance
Association, Wilhelmstraße 43/43 G, D-10117 Berlin.
http://www.en.gdv.de/wp-content/uploads/2014/11/Statistical_Yearbook_2014.pdf
Table no. 39:
Basisrenten* – business in force and New business
9
Table no. 38:
Riester Pension funds/ business inforce and new business
10
11
Table no. 40:
Occupational pensions: direct insurance and reinsurance business in force
12
RELEVANT ORGANISATIONS
DETAILS ON GOVERNMENT STATISTICS DEPARTMENT
Statistisches Bundesamt – Destatis – www.destatis.de
Population statistics available on English language website:
https://www.destatis.de/EN/FactsFigures/SocietyState/Population/Population.html
ACTUARIAL SOCIETY OF THE COUNTRY
Deutsche Aktuarvereinigung – DAV – German actuarial association – www.aktuar.de
INSURANCE REGULATOR
Bundesanstalt für Finanzdienstleistungsaufsicht – Federal Financial Supervisory Authority – BaFin –
www.bafin.de
English language website for Insurance supervision:
http://www.bafin.de/EN/Supervision/InsuranceUndertakingsPensionFunds/insuranceundertakingspen
sionfunds_node.html
13