Shock of the new

New products

The best way to describe the German life market at the moment is fluid. At the start of 2005, a new German retirement earnings law - Alterseinkunftegesetz - was introduced, significantly reducing tax advantages for many life insurance products and shaking the market to its core.

Further law changes are on the horizon. German legislators are currently revising German insurance contract law, and as the proposal stands at the moment the rules will be changed to give customers a guarantee on hidd