BERLIN (Reuters) - Britain's exit from the European Union will have a limited impact on German insurers as only 3.8 percent of their capital investments, or 29 billion euros ($31 billion), are in Britain, trade body GDV said on Thursday.

"The direct affect is manageable," GDV President Alexander Erdland told journalists at a news conference.

(Reporting by Klaus Lauer; Writing by Maria Sheahan; Editing by Victoria Bryan)