In 2020, the largest share of property and casualty insurance new business in Germany came through the distribution channel of single-tied or insurance group intermediaries. This was the most popular distribution channel at the time, with a total of 46.6 percent of property and casualty new business coming through the channel. This was followed by the 29.6 percent of new business that came through the brokers and multiple agents distribution channel. A share of only 13.7 percent of new property and casualty insurance business was attributable to direct selling that year.
Breakdown of new business for property and casualty insurance corporations in Germany in 2020, by distribution channel
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GDV. (September 1, 2021). Breakdown of new business for property and casualty insurance corporations in Germany in 2020, by distribution channel [Graph]. In Statista. Retrieved August 15, 2022, from https://www.statista.com/statistics/729478/property-and-casualty-insurance-new-business-distribution-channel-germany/
GDV. "Breakdown of new business for property and casualty insurance corporations in Germany in 2020, by distribution channel ." Chart. September 1, 2021. Statista. Accessed August 15, 2022. https://www.statista.com/statistics/729478/property-and-casualty-insurance-new-business-distribution-channel-germany/
GDV. (2021). Breakdown of new business for property and casualty insurance corporations in Germany in 2020, by distribution channel . Statista. Statista Inc.. Accessed: August 15, 2022. https://www.statista.com/statistics/729478/property-and-casualty-insurance-new-business-distribution-channel-germany/
GDV. "Breakdown of New Business for Property and Casualty Insurance Corporations in Germany in 2020, by Distribution Channel ." Statista, Statista Inc., 1 Sep 2021, https://www.statista.com/statistics/729478/property-and-casualty-insurance-new-business-distribution-channel-germany/
GDV, Breakdown of new business for property and casualty insurance corporations in Germany in 2020, by distribution channel Statista, https://www.statista.com/statistics/729478/property-and-casualty-insurance-new-business-distribution-channel-germany/ (last visited August 15, 2022)