Economy

Europe faces the difficult task of possibly having to ration natural gas. This could lead to business interruptions in the industry. However, there is no insurance coverage for this case.

German insurers expect premium growth to slow down in 2023 as well: "The tense economic situation is also causing a gloomy outlook for insurers: For 2023, we expect 1.9 per cent nominal premium growth across all lines", says GDV CEO Jörg Asmussen.

On 22 December 2021, the EU Commission presented a draft directive on the introduction of a global minimum tax for multinational groups of companies. Insurance Europe sees a clear need for improvement for the insurance industry.