The property insurance claims in Germany have shown a declining trend from 2013 to 2023, with the value standing at 4.89 million units in 2023. Over the past two years, the year-on-year decline was approximately 0.64%, indicating a steady, albeit slight, decrease. Observing a 5-year CAGR from 2023 predicts a continuation of this trend with a -0.53% average annual decline, culminating in a -2.63% reduction by 2028.
Future trends to watch for include:
- The impact of evolving climate change patterns on property insurance claims.
- The possibility of regulatory changes affecting claim processes and costs.
- Technological advancements in risk assessment potentially altering the landscape.
