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

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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