As we analyze the forecast of gross incurred claims for primary insurance in Germany, we note a steady year-on-year increase from €238.36 billion in 2024 to €251.14 billion by 2028. This reflects incremental advancements in the insurance landscape, with annual growth rates hovering around 1-2%. In 2023, the actual data marked the baseline for these projections.
Looking toward future trends, watch for:
- Potential economic fluctuations impacting claims trends.
- The influence of regulatory changes on policy renewals and claims processes.
- Technological advancements mitigating risk and affecting incurred claims.
