Forecast: Gross Written Premium of Foreign-controlled Property and Casualty Insurance Companies in Germany

In 2023, the gross written premium of foreign-controlled property and casualty insurance companies in Germany stood at approximately 9.01 billion euros. The forecast from 2024 to 2028 indicates a slight decline, with figures moving downwards each year, reaching 8.80 billion euros by 2028.

Year-on-year analysis shows a consistent decrease in premiums, averaging a negative growth trend. The compound annual growth rate (CAGR) over the forecast period of 2023 to 2028 is negative, reflecting a gradual decline in market performance for these foreign-controlled entities.

Trends to watch for in the future include:

• Regulatory changes in the European insurance market that could impact foreign-controlled companies.
• The increasing influence of digital transformation and how it affects underwriting and claims processes.
• Potential economic factors in Germany and Europe that could influence insurance demand and market dynamics.