Germany General Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2028
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Germany General Insurance Market Report Overview
The gross written premium of the German general insurance market was EUR159.5 billion ($162.9 billion) in 2023 and is expected to achieve a CAGR of more than 5% during 2024-2028. The Germany general insurance market research report provides a detailed outlook by product category for Germany’s general insurance segment.
Germany General Insurance Market Outlook, 2023-2028 (EUR Billion)
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The Germany general insurance market report provides values for key performance indicators such as gross written premium, penetration, and premium ceded and cession rates during the review period (2019–23) and forecast period (2024–28). The report additionally analyzes distribution channels operating in the segment, gives a comprehensive overview of Germany’s economy and demographics, and provides detailed information on the competitive landscape in the country.
Market Size (2023) | EUR159.5 billion ($162.9 billion) |
CAGR (2024-2028) | >5% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2023 |
Key Lines of Business (GI) | · Property
· Motor · Liability · Financial Lines · MAT · General Insurance PA&H · Miscellaneous |
Leading Companies | · Allianz Versicherungs
· Debeka Krankenversicherungsverein · Great Lakes Insurance · Allianz Global Corporate & Specialty · HDI Global · DKV Deutsche Krankenversicherung |
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Germany General Insurance Market Trends
The proliferation of electric vehicles (EVs), digitalization trends in distribution, and regulatory changes are a few of the recurring trends impacting the German general insurance market.
- The EU Data Act entered into force on January 11, 2024, and aims to make data from connected vehicles usable, benefiting vehicle owners, improving road safety, and promoting sustainable digital innovation.
- Vehicle data can enable the provision of new insurance offers and services in the future. In the case of an accident, real-time damage assessment can be recorded using position and crash sensor data. Insurers can inform towing services, reserve rental cars, order spare parts, and schedule workshops. In severe accidents, medical assistance can be provided.
Germany General Insurance Market Segmentation by Lines of Business
The key lines of business in the German general insurance industry are property, motor, liability, financial lines, MAT, general insurance PA&H, and miscellaneous. General Insurance PA&H was the leading general insurance line of business in 2023.
Germany General Insurance Market Analysis by Lines of Business, 2023 (%)
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Germany General Insurance Market - Competitive Landscape
A few of the leading general insurance companies in Germany are Allianz Versicherungs, Debeka Krankenversicherungsverein, Great Lakes Insurance, Allianz Global Corporate & Specialty, HDI Global, and DKV Deutsche Krankenversicherung. Allianz Versicherungs led the Germany general insurance market in 2022.
Germany General Insurance Market Analysis by Companies, 2022 (%)
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Germany General Insurance Market – Deals and Jobs
- In January 2025, Hypoport, a financial servicing platform, acquired the remaining shares in the insurance brokers ePension and E&P Pensionsmanagement.
- In January 2024, Arthur J. Gallagher acquired Koberich; an insurance broker specializing in financial lines products.
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Segments Covered in the Report
Germany General Insurance Lines of Business Outlook (Value, EUR Billion, 2019-2028)
- Property
- Motor
- Liability
- Financial Lines
- MAT
- General Insurance PA&H
- Miscellaneous
Scope
This report provides:
- This report provides a comprehensive analysis of the general insurance segment in Germany –
- It provides historical values for Germany’s general insurance segment for the report’s 2019–23 review period, and projected figures for the 2024–28 forecast period.
- It profiles the top general insurance companies in Germany and outlines the key regulations affecting them.
Key Highlights
- Key insights and dynamics of Germany’s general insurance segment.
- A comprehensive overview of Germany’s economy, government initiatives, and investment opportunities.
- Germany’s insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- Germany’s general insurance industry’s market structure gives details of lines of business.
- Germany’s general reinsurance business market structure gives details of premium ceded along with cession rates.
- Distribution channels deployed by Germany’s general insurers.
- Details of the competitive landscape and competitors’ profiles.
Reasons to Buy
- Make strategic business decisions using in-depth historical and forecast market data related to Germany’s general insurance segment.
- Understand the demand-side dynamics, key market trends, and growth opportunities in Germany’s general insurance segment.
- Assess the competitive dynamics in the general insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
Debeka Krankenversicherungsverein
DKV Deutsche Krankenversicherung
Great Lakes Insurance
Allianz Global Corporate & Specialty
HDI Global
R+V Allgemeine Versicherung
Ergo Versicherung
Table of Contents
Frequently asked questions
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What was the Germany general insurance market gross written premium in 2023?
The gross written premium of Germany general insurance market was EUR159.5 billion ($162.9 billion) in 2023.
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What will Germany general insurance market growth rate be during the forecast period?
The general insurance market in Germany is expected to achieve a CAGR of more than 5% during 2024-2028.
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Which line of business held the largest share of the Germany general insurance market in 2023?
General insurance PA&H held the largest share of the Germany general insurance market in 2023.
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Which are the key companies operating in the Germany general insurance market?
A few of the leading general insurance companies in Germany are Allianz Versicherungs, Debeka Krankenversicherungsverein, Great Lakes Insurance, Allianz Global Corporate & Specialty, HDI Global, and DKV Deutsche Krankenversicherung.
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