The gross incurred claims for engineering insurance in Germany are expected to grow incrementally from 2024 to 2028, starting at 1.56 billion euros and reaching 1.64 billion euros. This consistent increase reflects a steady annual growth rate of approximately 1.3%. In 2023, the figure stood at 1.54 billion euros, indicating a similar growth trend following previous years.
Future trends to watch for include:
- Technological advancements potentially reducing risk exposure and claims frequency.
- Regulatory changes impacting insurance practices and costs.
- Inflationary pressures influencing claim costs and premiums.