Forecast: Non-life Insurance Companies in Germany

The forecast for non-life insurance companies in Germany shows a consistent growth from 2024 to 2028, indicating a stable upward trend. In 2023, the market stood at a value slightly below 547.44 billion, and is expected to increase incrementally each year reaching 560.26 billion by 2028. This reflects a steady year-on-year increase in the range of approximately 0.5% to 0.8%. The compounded annual growth rate (CAGR) over the five-year period keeps a moderate pace, indicating a resilient market with minor escalation.

Future trends to watch for:

• Emergence of digital and automated insurance processes to improve efficiency.
• Increased focus on sustainability and climate risks affecting non-life insurance policies.
• Potential regulatory changes in the European insurance market.