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World Insurance Report

German brokers in row with public law insurers

A major row has developed between German insurance brokers and the public law insurers that confine their operations to the regions. At issue are the tender procedures for municipalities, a large market which represents billions of deutschemarks in insurance premium. The municipalities have close ties with public law insurers (Provinzial, Sparkassenversicherung etc), which they indirectly control via the savings banks.

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