Forecast: Claims Ratio of Engineering Insurance in Germany

The claims ratio for engineering insurance in Germany is expected to experience a downward trend from 2024 to 2028, decreasing from 64.6 to 62.9. This forecast indicates a gradual improvement in underwriting performance, with a reduction in claims relative to premiums earned. On a year-on-year basis, the claims ratio is projected to decrease by approximately 0.62% to 0.63% annually. Cumulatively, this results in a compound annual growth rate (CAGR) of about -0.67% over the five-year period. The actual claims ratio for 2023 stood at a higher rate, suggesting a shift towards greater stability in the insurance market.

Future trends to watch for include:

• Adoption of new technologies and their impact on risk assessment.
• Regulatory changes affecting underwriting strategies.
• Market competition potentially driving further efficiencies.
• Economic factors influencing construction and engineering activities.