Forecast: Claims Ratio of Property and Causalty Insurance in Germany

As of 2023, the claims ratio for property and casualty insurance in Germany stood at 74. This value is projected to decrease steadily from 73.7 in 2024 to 72.8 in 2028, indicating a gradual improvement in the claims ratio over the five-year forecast period.

- Year-on-year, the claims ratio is expected to decrease by small margins, with notable improvements as time progresses.

- From 2024 through 2028, the compound annual growth rate (CAGR) suggests a consistent downward trend, with the claims ratio declining slightly each year.

Future trends to watch for include potential impacts from technological advancements, regulatory changes, and economic factors that could influence the claims ratio, either through efficiency improvement or changes in claim frequency and severity.