Forecast: Production Volumes of Insurance, Reinsurance and Pension Funding in Germany

The production volumes of Insurance, Reinsurance, and Pension Funding in Germany displayed fluctuating growth from 2013 to 2023, eventually standing at €89.38 billion in 2023. Notably, 2017 and 2019 were high-growth years with increases of 7.12% and 4.75% respectively. Conversely, 2016 and 2020 marked downturns of -2.64% and -4.95% respectively. The 5-year CAGR leading up to 2023 is calculated at 1.64%, indicating moderate overall growth.

From 2024 forecast data, the sector shows modest but steady increases, with a projected rise to €94.3 billion by 2028 and a 5-year CAGR of 0.9%. This reflects a stable growth rate with a cumulative forecasted increase of 4.59% over the next five years.

Future trends to watch for include the impact of digital transformation on insurance underwriting, evolving regulatory landscapes, and demographic changes influencing pension funding. Monitoring technological advancements in risk assessment and potential disruptions from global economic conditions will be crucial for anticipating market shifts.