Forecast: Gross Incurred Claims of Motor Insurance in Germany

In 2023, the gross incurred claims of motor insurance in Germany stood at approximately 24.20 billion Euros. The forecast from 2024 to 2028 indicates a consistent upward trend, with values rising from 24.45 billion Euros in 2024 to 25.45 billion Euros in 2028. This represents an average year-on-year increase of around 0.26 billion Euros, approximately 1% growth rate per year, and a CAGR over the five-year period.

Future trends to watch for include:

  • The impact of technological advancements in vehicle safety and autonomous driving on reducing claims.
  • Evolving regulations concerning vehicle insurance in Germany and the wider EU market.
  • Potential market shifts due to economic conditions affecting vehicle ownership and insurance uptake.

Top Countries about Insurance