Date: 24th June 2021

Besides their fundamental business figures, insurance companies have to disclose how stable and secure they are in annual “solvency” reports. In 2021, for the first time, BdV – Europe’s most important association for insurance policyholders – in cooperation with BETTER FINANCE, the European Federation of Financial Services Users – analyse these reports from the 10 biggest life-insurers from France, Spain, Italy and the Netherlands, along with Germany. “There are important differences between the life-insurance markets of these five European member states and there are reasons for concern”, states Axel Kleinlein, President of BETTER FINANCE and spokesperson for BdV. The extensive use of life-insured persons’ profit-sharing reserves as “own funds” of the insurers, through which German life-insurers reduce profit participations for their customers, can now be assessed in France as well.