By 2028, the number of insurance, reinsurance, and pension funding enterprises in Germany is expected to decline progressively from 1.01 thousand in 2024 to 0.857 thousand, reflecting a consistent annual decrease. In 2023, the sector comprised approximately 1.05 thousand enterprises. Year-on-year, the percentage decrease accelerates from 2024 onwards, reflecting ongoing consolidation or market exits: 2024-2025 (-4.46%), 2025-2026 (-3.94%), 2026-2027 (-3.88%), and 2027-2028 (-3.81%). The cumulative average annual decline rate (CAGR) over this period is notably negative.
Future trends to watch for include technological advancements driving operational efficiencies, regulatory impacts affecting market structure, and demographic shifts influencing demand for pension products. These dynamics may lead to further consolidation or divergent growth paths for sector participants.
