Lawyers for the Insurance & Reinsurance Industry

The risk of loss is a fundamentally important reality for every company; including insurance companies themselves. Therefore, in the case of insurance companies it is vital to get financial protection in the area of reinsurance. Events of damage can never be seen as a positive for a company, but taking the right precautions can result in the damage being quickly mitigated; without negative impacts on the finances of your business or on its interactions with other companies.

In the modern world of globalization and digitization it is easy to fear how these developments may impact on your company’s trading and services. Claims settlement are becoming more and more complex as border-crossing damage claims are common practice in the business community. The increased size of the market and the ever-growing development and utilization of technology can present themselves as challenges, but with the right precautions in place these advances can in fact constitute fantastic opportunities for your company. Awareness of innovative insurance products is one sure way of alleviating new threats that may arise from globalization and digitization.

Insurance in Germany Today

In Germany, the world of insurance is complex, multifaceted and costly. In fact, the total amount spent on insurance in Germany in 2017 amounted to over €210 billion. This provides us with some insight into the sheer size of this market! In a market this size it is vital that a company receives the right insurance advice. Without availing of the essential cover needed, prosperous businesses cannot realize their goals. At Schlun & Elseven, our insurance lawyers will advise you to ensure that you benefit from using the right insurance products, appropriate for your business.

Practice Group for German Insurance & Reinsurance