In 2023, the actual number of life insurance enterprises in Germany stood at 368. Forecast data suggest a marked decline from 2024 to 2028, with enterprises expected to shrink from 325 to 155. An alarming downward trend is evident with year-on-year reductions: 13.23% in 2025, 15.25% in 2026, 17.57% in 2027, and 21.32% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 highlights an average annual decrease of approximately 16.08%.
Future trends to watch for include consolidation among insurance companies, technological advancements affecting market dynamics, and regulatory changes potentially influencing the number of active enterprises.
