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German life and property & casualty insurers have paid out benefits amounting to appr. 163.7 bn. Euros to their customers last year, the German Insurance Association (GDV) reports in its Statistical Yearbook 2016. This equals 5,200 euros per second. In property & casualty insurance , the volume of benefits rose to a level of 48.1 bn. euros, which is an increase of 5.9 %...