The turnover of reinsurance in Germany has shown significant growth from €51.15 billion in 2013 to €81.62 billion in 2023. Over these years, the year-on-year variations have fluctuated, with notable increases in 2015 (12.94%) and 2019 (13.54%). The last two years recorded more stable, albeit slower, growth rates of 3.44% in 2022 and 3.29% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years indicates a robust average increase of 6.22% annually.
Looking ahead, forecasted data suggest a gradual growth trend, with the market expected to reach €94.24 billion by 2028, reflecting a 5-year forecasted CAGR of 2.28% and an overall 11.94% growth rate.
Future trends to watch for:
- Potential impacts of regulatory changes in the reinsurance sector.
- Developments in technology and digital transformation.
- Global economic conditions influencing demand for reinsurance.
- Climate change and natural disaster-related risks.
