Talanx Q&A: ‘We won’t be the last’ to exit traditional guarantees

Old-style products no longer suitable for any market, says board member

Ulrich Rosenbaum tells Risk.net about switch to capital-light products

In July, German insurance group Talanx announced its exit from the traditional life business by the end of 2016, in a move that many expect to be followed by other insurers throughout Germany.

The firm will replace guaranteed products that have been the norm for decades with more capital-efficient products, which are less flawed in the low-yield environment, and will aim to sell more occupational pension and biometric risk insurance.

The problem Talanx is reacting to is acute. German insurers th