In 2023, the claims ratio for motor insurance in Germany was approximately 84.5. Forecasted data indicates a declining trend, starting in 2024 with a value of 84 and gradually decreasing to 82.2 by 2028. This represents an average compound annual growth rate (CAGR) of approximately -0.54% over five years.
Future trends to watch for include:
- Impact of technological advancements, such as autonomous driving, on accident frequency and claims.
- Changes in regulatory policies affecting insurance premiums and claims.
- Evolving customer behavior towards purchasing comprehensive insurance policies due to increased awareness.
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