The value of General Liability Insurance Contracts in Germany shows a relatively consistent pattern between 2013 and 2023, with minor fluctuations. From 2013, the value experienced slight yearly shifts, peaking at 46.2 million units in 2019 before a notable drop in 2020 to 44.08 million units. This reduction represents a significant year-on-year percentage drop of -4.59%. However, the market value rebounded by 2022, reaching 46.6 million units, and continued a modest upward trend into 2023, standing at 46.8 million units. Notably, the CAGR over the last five years records modest growth at an average yearly rate of 0.3%.
Looking into the future, forecast values from 2024 to 2028 show a continued but slow growth trajectory, reaching 47.35 million units by 2028. This translates to a forecasted five-year CAGR of 0.25% and an overall five-year growth rate of 1.25%. Key trends to watch include changes in economic conditions, regulatory adjustments, and technological advancements, which could significantly impact the general liability insurance market's stability and growth.
