The general liability insurance claims in Germany have shown a gradual declining trend from 2013 to 2023, decreasing from 2.74 million units in 2013 to 2.31 million units by 2023. Over the last decade, a year-on-year decrease is evident, with around 1.28% decline noted for 2023 compared to the previous year. Over the last five years, the claims' rate decreased at an average annual rate (CAGR) of about 1.3%.
Looking ahead, forecasts from 2023 to 2028 anticipate this downtrend continuing with a projected 5-year CAGR of -1.1%, equating to an overall decline of around 5.4% by 2028.
Future trends to watch for include how economic factors, regulatory changes, and the adaptation of new technologies in risk assessment may impact liability insurance claims. Also, an increased focus on cybersecurity might alter the landscape of liability risks, potentially affecting future claims volumes and values.
