Deutsche Bank sees European insurers offering steady growth, tech upside

Deutsche Bank expects European insurers to grow book value by about 8%, earnings by 9% and offer dividend yield of 4.5% in 2026

Says sector backed by strong capital and cash flow, outperforming the European market but lagging banks in recent years

Notes life insurance could regain favour with "healthy" interest rates, particularly in the UK and Asia, while retail property and motor insurance pricing remains supportive

Adds technology upgrades, including AI, should help cut costs and improve customer service

Brokerage’s top picks are Aviva AV.L and AXA AXAF.PA among European composites; Admiral ADML.L in UK motor; AIA 1299.HK and Prudential PRU.L for Asia life

Rates Allianz ALVG.DE, Zurich ZURN.S and Generali GASI.MI as "hold"