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

As of 2024, the forecast indicates a steady upward trajectory in the gross incurred claims for motor vehicle full own damage insurance in Germany. The figures are expected to increase from 7.87 billion euros in 2024 to 8.12 billion euros by 2028. This demonstrates a continuous growth pattern, highlighting a compound annual growth rate (CAGR) of around 0.7% over this five-year period.

Key trends and considerations for the future include:

• A rising number of vehicles on the road, potentially increasing risk exposure.
• Technological advancements in vehicle safety features which may impact claims frequency and severity.
• Economic factors influencing premium pricing and consumer purchasing power.
• Regulatory changes regarding insurance policies and coverage requirements.