Forecast: Gross Incurred Claims of Motor Vehicle Partial Own Damage Insurance in Germany

The forecasted gross incurred claims for motor vehicle partial own damage insurance in Germany remain steady at 1.05 billion Euros from 2024 through 2027, with a slight increase to 1.06 billion Euros in 2028. This stability reflects a similar trend observed in prior years leading up to 2023. If the value in 2023 was around the same levels, this indicates a stagnant scenario with almost negligible year-on-year growth. The CAGR over the 5-year forecasted period is minimal, indicating marginal growth.

Future trends to watch for include potential shifts in the market due to advancements in vehicle safety technology, changes in consumer behavior, and regulatory impacts that might alter insurance claim frequencies or severity, possibly accelerating future changes in incurred claims values.