Forecast: Gross Incurred Claims of General Liability Insurance in Germany

The forecasted gross incurred claims of general liability insurance in Germany are expected to rise steadily from 5.35 billion euros in 2024 to 5.52 billion euros in 2028. This represents a trend of moderate growth in the insurance sector over this period. The year-on-year growth reflects an average increment of approximately 0.74% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 0.73%.

Future trends to watch for include:

  • Impact of technological advancements, such as AI and IoT, on risk assessment and claims processing.
  • Potential shifts in regulatory policies affecting liability coverage and claims procedures.
  • Macro-economic factors and their influence on liability insurance demand and premiums.

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