Forecast: Claims Ratio of Motor Vehicle Partial Own Damage Insurance in Germany

The Claims Ratio for Motor Vehicle Partial Own Damage Insurance in Germany is expected to show a gradual decline from 57.6 in 2024 to 54.8 in 2028. This indicates a decreasing trend, with a year-on-year reduction of approximately 1.2-1.3% over the forecast period.

From 2024 to 2028, the Compound Annual Growth Rate (CAGR) reveals an average yearly decrease of around 1.3%. The 2023 value was not provided, highlighting an opportunity to consider past performances for a better contextual analysis.

Future trends to watch include:

• Technological advancements such as autonomous driving that might further reduce claim ratios.
• Changes in regulatory environments that could impact underwriting and claims processes.
• External economic factors influencing vehicle use and associated risks.