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.