The gross operating surplus of non-life insurance in Germany is forecasted to decline from 3.22 billion Euros in 2024 to 2.61 billion Euros by 2028. In 2023, it stood at 3.36 billion Euros. This represents a decreasing trend, with a significant year-on-year reduction starting in 2024. The five-year compound annual growth rate (CAGR) denotes an average negative growth over this period.
Future trends to watch for include:
- Impact of digital transformation and automation on cost structures
- Changes in regulatory frameworks and their effect on operating expenses
- Market competition influencing pricing and profitability
- External economic factors like interest rates and inflation
