Over the period from 2013 to 2023, the reinsurance sector in Germany demonstrated substantial growth, starting at EUR 51.15 billion and reaching EUR 81.62 billion. The sector experienced fluctuations in growth rates, with notable year-on-year increases in 2015 (12.94%) and 2019 (13.54%). The average annual growth rate (CAGR) over the last five years stood at 6.22%. The forecast for the period from 2024 to 2028 shows a more moderate projected average CAGR of 2.28%, indicating a potential slowdown in growth.

Future trends to watch for:

Potential impacts of regulatory changes and their influence on the sector’s profitability
Advancements in technology and data analytics shaping risk assessment and underwriting processes
Emergence of new risks, including climate change and cyber threats, driving demand for innovative reinsurance solutions
Continued market consolidation and strategic partnerships among key players
Possible geopolitical factors affecting global reinsurance markets and spillover effects on the German sector