In 2023, the market share of foreign-controlled life insurance companies in Germany stood at 22.0%. Forecasts for 2024 through 2028 suggest a gradual decline in market share, from 21.9% in 2024 to 21.4% in 2028. Year-over-year variations indicate a slight annual decrease of approximately 0.1%. The estimated compound annual growth rate (CAGR) over this period reflects a consistent downward trend of about -0.3% per year.
Future trends to watch for:
- Potential impact of evolving regulations on market dynamics.
- Changes in consumer preferences and technological innovations.
- Competitive strategies of domestic players and adaptation of foreign insurers.
