Forecast: Gross Incurred Claims of Life Insurance in Germany

The gross incurred claims of life insurance in Germany are forecasted to grow from 132.83 billion Euros in 2024 to 140.87 billion Euros by 2028. Comparing to the actual data of 2023, there is a noticeable consistent growth. The average annual growth rate over the five-year period, known as the CAGR, is projected to be steady, indicating a stable upward trend in claims.

Key future trends to monitor include:

• Potential regulatory changes in the German life insurance sector that could impact claims processing and value.
• The influence of demographic shifts, particularly aging population dynamics, on the escalation of incurred claims.
• Technological advancements in insurance claims management and their possible effects on operational efficiencies and cost savings.
• Economic factors such as inflation or economic downturns which could affect policyholders’ abilities to maintain coverage.