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German Insurance Premiums Set to Rise 1.5% This Year, GDV Says

German insurers, including Allianz SE and Talanx AG, may post premium growth of 1.5 percent this year, the GDV industry association said.

Premiums are expected to rise to 180.7 billion euros ($230 billion) this year, helped by the strongest property and casualty growth since 1994, the Berlin-based GDV, which represents 474 insurers in Germany, said in a statement today.