The reinsurance sector in Germany has shown a steady upward trajectory in production values from 2013 to 2023, starting at €27.6 billion in 2013 and reaching €40.63 billion in 2023. Analyzing year-on-year variations, the sector experienced significant growth periods in 2015, 2019, and steady growth from 2020 onwards. Notably, the 3.3% increase from 2022 to 2023 and a CAGR of 4.48% over the last five years reflect sustainable upward trends.
Forecasting the period from 2024 to 2028, the sector is expected to grow from €41.92 billion to €46.94 billion with a forecasted 5-year CAGR of 2.29%, indicating a modest but steady growth rate. This suggests a cumulative 11.97% growth over the five years.
Future trends to watch for include the impact of evolving regulatory environments, the role of technology and digital transformation in risk assessment and management, and potential macroeconomic factors that could influence reinsurance demands and capacities in Germany.
