Insurers.global
Illustrated portrait of Germany; geographic and cultural interpretation, not regulator premises.
← The regulatory atlasCOUNTRY PERSPECTIVE / Germany

Integrated financial supervisor

GermanyBaFin

Insurance supervision in Germany.

AI-generated country illustrationSources checked

01 / The institution

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

BaFin applies the VAG to insurance undertakings, together with Solvency II requirements and its published supervisory guidance.

How it is structured

An integrated federal financial supervisor established under FinDAG. Its insurance responsibilities are exercised under the VAG and the applicable European framework.

Institutional source ↗

The legal foundations

Mandate, written into law.

Establishing legislation and the rules governing insurance may be different instruments.

02 / Market signals

The numbers, with context.

Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.

Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.

03 / The report notebook

A dated view of the market.

What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.

ReviewedNOTE 01

2025 — provisional

BaFin Annual Report 2025 — insurance undertakings and pension funds ↗

Full online report's insurance chapter, sector table and reinsurance assessment reviewed. The sector table labels 2025 amounts provisional, based on interim reporting and forecasts; pension funds and health insurers are separate categories.

Reinsurer SCR coverage

289.6%

Coverage rose from 282.9% in Q4 2024 to 289.6% in Q4 2025; this figure concerns German reinsurers, not all primary insurers.

BaFin Annual Report 2025 — insurance undertakings and pension fundsInsurance chapter, Reinsurance undertakings · Country illustration
Read the original publication ↗

04 / Official contacts

Reach the institution.

Public institutional channels, checked 17 September 2026.

Research trail

Sources you can follow.

Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.

  1. Page 1BaFin ↗Checked
  2. Institutional website — contact route ↗Checked
  3. BaFin Annual Report 2025 — insurance undertakings and pension funds ↗Checked
  4. FinDAG section 1 — establishment of BaFin ↗Checked

Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.