In 2023, the Gross Incurred Claims for Private Property Insurance in Germany stood below the forecast values provided for 2024, which is 7.07 billion Euros. The forecast suggests a steady increase from 7.07 billion Euros in 2024 to 7.45 billion Euros in 2028. This reflects an annual growth rate, mostly slight but consistent, indicating a stable trend of rising claims over the forecast period. The year-on-year percentage variation shows small increments, with a projected compound annual growth rate (CAGR) providing a clear indication of cautious growth in this sector over the five-year forecast period.
Future trends to watch for include the impact of climate change on property claims, regulatory shifts affecting insurance premiums and claims handling, and technological advancements in risk assessment and loss prevention which could influence the claims trajectory. Monitoring these factors will be crucial for understanding future market dynamics and potential deviations from current forecasts.