ALIZF - Allianz - Not Just Interesting For Dividend Investors
In most cases, insurance companies are not a very good investment as these companies hardly manage to build a wide moat (or even a narrow moat) around the business. The missing moat makes it hard to ensure above average profits. Insurance companies are very similar to companies selling a commodity as an insurance can be seen as a kind of commodity. It is very hard to differentiate among companies selling similar products and therefore the only aspect that makes a difference is the price.
In the following article we will analyze why the German insurance