Forecast: Gross Incurred Claims of Private Accident Insurance in Germany

In 2024, the forecasted gross incurred claims for private accident insurance in Germany are expected to be 3.56 billion euros, up from an estimated 3.52 billion euros in 2023. This represents a steady year-on-year increase of approximately 1.1% in 2024, accelerated by consistent demands and evolving risk profiles. From 2024 to 2028, a continued linear growth in gross incurred claims is anticipated, averaging a compound annual growth rate (CAGR) of about 1.1% yearly.

Future trends to watch for include:

  • Technological advancements in accident prevention and medical care, potentially impacting claim frequencies and severities.
  • Regulatory changes that may affect policy structures and insurance coverages.
  • Demographic shifts influencing accident risk and insurance penetration rates.

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