Kapitalanlagepolitik und -performance der deutschen Lebensversicherer im Spannungsfeld von Buch- und Zeitwerten

The analysis of the investment politics of German life insurers is very difficult, as there is only few information for it available. The following contribution focuses this lack of information and gives a view both of the investment politics and of the performance of these investments. First, using balance sheet data, we derive representative asset classes, which give an impression of the actual asset allocation of the German life insurers. Second, representative indices are selected and a performance measurement is accomplished.