Hannover exits direct life insurance market Skip Navigation

Hannover exits direct life insurance market

Hannover Life Re advised customers in December 2020 that it is exiting the direct life insurance market to focus on reinsurance.

In a communication to clients, Hannover stated it had not come to the decision lightly and that it remains dedicated to the group insurance market. Hannover said it made a strategic decision to exit, allowing it to focus on reinsurance and bring the organisation into alignment with its global strategy.

Hannover expects the transition to be lengthy to ensure a smooth transition of existing policies to a new provider in the coming years. For any existing employer plans that are insured with Hannover, we will be actively working with you to ensure a smooth transition to a new insurer for your corporate plan.