Forecast: Market Share of Foreign-controlled Insurance Companies in Germany

The market share of foreign-controlled insurance companies in Germany is projected to decline gradually from 2024 to 2028. Starting from an anticipated 15.8% in 2024, it is expected to decrease to 15.1% by 2028. This forecast shows a consecutive yearly reduction of around 0.1 to 0.2 percentage points annually. In comparison to 2023's market share, the average yearly decline (CAGR) is approximately 0.7% over the five-year period.

Future trends to watch for include:

• Potential impacts of regulatory changes on foreign market entry and operations.
• Influence of economic conditions and geopolitical developments on market dynamics.
• Advancements in digital transformation and how they affect foreign versus domestic firms' competitive advantage.