Insurance industry
The insurance industry refers to an industry whose object is to insure the risks of its customers. Usually the term only includes private insurance. The related economic discipline of insurance economics deals, among other things, with the insurance market .
From a microeconomic perspective, it includes insurers as producers of insurance cover and policyholders as users of insurance cover. In macroeconomic terms , the insurance industry is the aggregate of insurance supply and demand (insurance market theory). From an economic point of view, it can be shown how the insurance affects economic aggregates.
Insurance industry
The insurance industry, i.e. the insurance industry in the sense of a branch of the service industry , is an important branch of the economy in developed service companies.
The insurance industry in Germany employed around 218,900 people in individual insurance in 2007, which is a decrease of around 3% compared to the previous year. Including people employed as intermediaries, the insurance industry had 292,010 employees subject to social insurance in 2006; in the previous year this was 299,050, in the previous year 306,070.
With 26,520 employees in the insurance industry (2007), the city of Cologne is the city with the most employees in the insurance industry; in second and third place are Munich with 26,030 employees and Hamburg with 22,990 employees.
Here is the development of the number of employees in the insurance industry (employees at insurance companies; excluding employees in the brokerage trade):
| year | Workers |
|---|---|
| 1997 | 239,300 |
| 1998 | 238,800 |
| 1999 | 239,600 |
| 2000 | 240,200 |
| 2001 | 245,400 |
| 2002 | 248.100 |
| 2003 | 244,300 |
| 2004 | 240,800 |
| 2005 | 233,300 |
| 2006 | 225,700 |
| 2007 | 218,900 |
| 2008 | 216,300 |
See also
literature
- Philip Waltermann: Company success in the insurance industry. Erich Schmidt Verlag, Berlin 2008, ISBN 978-3-503-10606-6 .
- Peter Doubt, Roland Eisen: Insurance Economics. 2nd improved edition, Springer, Berlin et al. 2003, ISBN 3-540-44106-9 .
- Fred Wagner: Current questions in the insurance industry. Verlag Versicherungswirtschaft, Karlsruhe 2003, ISBN 3-89952-094-7 .
Individual evidence
- ^ Insurance industry - definition in Gabler Wirtschaftslexikon.
- ↑ a b c Brief social policy information, 2008 No. 3 of March 17, 2008, ISSN 1866-2889 . The source of the number of employees is a survey by the Federal Employment Agency, which it compiled for the employers' association of insurance companies in Germany as of June 30th.