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 th
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