Ingo Hofmann: “The greatest generation of heirs to date thinks …



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It used to be important to build something for the offspring. That’s getting lost more and more, says Ingo Hofmann, Merkur’s chief insurance officer. It warns of the social and economic consequences that the “generation of heirs” brings.

Is it financially good or bad for an insurance company for people to worry about their future and their health?

Ingo Hofmann: I think you have to be very divided. On the one hand, we learned how vulnerable our society is and how important health care is. On the other hand, the pandemic is causing economic unpredictability among the population. Many people are aware that the true extent of the economic crisis will only become apparent in the coming months.

So there is interest, but also reluctance due to economic uncertainty.

Insurance. But currently it is not even possible to sit at the table with an advisor.

Are insurance policies already being canceled due to economic pressure?

Normally one would have to assume that. But this pandemic shows that private health insurance is apparently very important. We do not have a cancellation or termination behavior different from normal years.

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