All the headlines from our Germany Topic Page, ordered by recency.
Aug 27 2021 // Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2 billion), an insurance industry group said Wednesday, significantly increasing its previous...
Aug 24 2021 // Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber attacks, according to estimates by the Cologne Institute for Economic Research.Overall damages hit...
Aug 24 2021 // The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more likely and more intense by climate change.These are the conclusions of a rapid attribution report put together in...
Aug 12 2021 // Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, according to Aon’s...
Jul 28 2021 // AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion).Low pressure system “Bernd” parked itself over central...
Jul 22 2021 // With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s recent floods are likely to be significantly higher, which highlights a sizable insurance...
Jul 20 2021 // The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings.The insured losses are...
Jul 16 2021 // Chancellor Angela Merkel pledged swift help backed by “all the power of the state” for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are...
Jul 12 2021 // A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack in what the federal cyber-security watchdog confirmed was the country’s first-ever...
Jul 8 2021 // Germany’s largest consumer protection group filed a lawsuit on Wednesday against car maker Daimler that it said would make it easier for Mercedes owners to gain redress over a diesel emissions scandal.The lawsuit,...
Jun 29 2021 // Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial...
Jun 23 2021 // BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s finance minister and auditors Ernst & Young of numerous oversight...
Jun 7 2021 // ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors.The additional capital will be used to...
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion.The...
May 17 2021 // Aon plc announced it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP...
Apr 28 2021 // The granting of intellectual property waivers is not the right way to increase output of COVID-19 vaccines, the founder of German vaccine maker BioNTech said on Wednesday, advocating instead the award of production...
Mar 12 2021 // AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become.Not even an appeal from RWE Chief Executive Officer Rolf...
Mar 11 2021 // BERLIN – As many as 60,000 computer systems in Germany were exposed to a flaw that allows unauthorized users to access systems in Microsoft Corp.’s email software, the head of its cyber-security watchdog said on...
Mar 11 2021 // BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke...
Feb 23 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Mathias Neumann as head of Casualty in Germany.Mathias has more than 20 years of experience in the insurance industry in Germany. He spent the last 14...