In the current environment of low interest rates, life insurers first of all need to earn the guaranteed interest for the traditional life insurance products. If the returns on the capital markets are not sufficient, there is a risk that returns from disability and term life products will be used to finance traditional life products. Such cross-financing between different products and sources of profit is permitted under supervisory law and is also fully in line with the insurer’s collective business model. However, in this case risk products will receive less surplus participation and the premiums to be paid increase. This potentially affects term life insurances, and especially disability insurance products.

Measuring Future Stability of Disability Insurance Premiums

We disclose which life insurers are strong enough. Those probably won’t ave to reduce the surplus participation for risk products or increase premiums. To this end, we analyzed the future amount of profit participation after accounting for possible shortfalls in capital market returns. This is measured by the Technical Net Rate. The higher it is, the better. In our analysis we assumed a very tough scenario of permanently low interest rates. As a result, in particular those life insurers perform well having high technical profits on the one hand and having no holes to fill caused by low capital market returns on the other.

The biggest winner in the first ranking of German disability insurers was Deutsche Ärzteversicherung. Targo Leben came a distant second, while Continentale Leben took third place this year.
Disability insurance in Germany is one that essentially replaces part of your monthly income in case a disability arises that means you cannot work.

There are differing types of policies which differ in cost and overall coverage but it’s usually about 1-3% of your annual salary.

Over 8 million people in Germany currently have such a policy.

RealRate offer fair, independent ratings, which in this market is a very important thing indeed.

They are experts in their field and this knowledge, combined with the cutting edge AI that they’re bringing to the table, completes a very exciting package.

This AI is absolutely unbiased and it uses only audited public data. RealRate are fair, explainable and the key thing here is that they avoid any conflicts of interest, too. 

2. TARGO Leben

8. LVM Leben

9. AXA Leben

10. Debeka Leben

14. Swiss Life

15. R + V Leben AG

16. Condor Leben

18. SAARLAND Leben

24. uniVersa Leben

25. INTER Leben

29. PB Leben

32. neue leben

33. Allianz Leben

36. HDI Leben

37. Ideal Leben

41. HELVETIA Leben

44. Barmenia Leben

45. Basler Leben

48. DEVK Leben

49. Gothaer Leben

51. VPV Leben AG

52. ERGO Leben

53. Generali Leben

54. IDUNA Leben

56. RheinLand Leben

57. Karlsruher Leben

58. WWK Leben

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