In 2023, the value added from the insurance, reinsurance, and pension funding sectors in Germany was 32.87 billion euros. Between 2024 and 2028, it is forecasted to grow from 33.97 billion euros to 37.31 billion euros. Year-on-year growth is evident, with notable increases of approximately 2.5% annually. The compound annual growth rate (CAGR) over these five years is around 2.5%, indicating a steady upward trend in these sectors.
Future trends to monitor include the impact of digitalization on efficiency and customer engagement, potential regulatory changes, and how the sectors adapt to economic shifts and demographic changes affecting pension funding needs.
