In 2023, the share of households' and NPISHs’ life insurance and annuity entitlements in Germany stood as a crucial component of total assets. Forecast data suggests a gradual decline from 14.16% in 2024 to 13.51% by 2028. The year-on-year percentage decrease is consistent, reflecting diminishing significance within the total asset composition. This trend represents a Compound Annual Growth Rate (CAGR) of approximately -1% from 2024 to 2028.
Future trends to watch for include potential shifts in economic conditions, regulatory changes affecting insurance products, and demographic changes such as population aging, which could impact the demand for life insurance and annuities.
