Forecast: Gross Incurred Claims of Comprehensive Insurance on Buildings in Germany

The forecast for gross incurred claims of comprehensive insurance on buildings in Germany from 2024 to 2028 shows a consistent year-on-year increase. As of 2023, the value stood at 5.38 billion euros. The forecasted values indicate a gradual rise from 5.46 billion euros in 2024 to 5.81 billion euros in 2028. This reflects a steady growth trend in incurred claims, with a compound annual growth rate (CAGR) indicating moderate expansion over the five-year period.

Future trends to watch for include:

  • The impact of climate change on claim frequencies, possibly leading to higher premiums.
  • Technological advancements in building materials and designs that may reduce claim volumes.
  • Regulatory changes in the insurance industry affecting underwriting and claims processes.

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