Germany Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The German non-life insurance market had total gross written premiums of $174.6 billion in 2022, representing a compound annual growth rate (CAGR) of 6.3% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $72.7 billion, equivalent to 41.6% of the market's overall value.
- According to European Automobile Manufacturers’ Association (ACEA), a total of 314,318 vehicles were registered in the German passenger vehicles segment in December 2022 as opposed to 227,360 registrations in December 2021, an annual growth of 38%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Germany
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Germany
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Germany non-life insurance market with five year forecasts
- What was the size of the Germany non-life insurance market by value in 2022?
- What will be the size of the Germany non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Germany non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Germany's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the strengths of leading players?
- 7.5. What has been the rationale behind recent M&A activity?
- 7.6. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Allianz SE
- 8.2. AXA SA
- 8.3. R+V Versicherung AG
- 8.4. Talanx AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Germany non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Germany non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Germany non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Germany non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Germany non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Germany non-life insurance market share: % share, by value, 2022(e)
- Table 7: Allianz SE: key facts
- Table 8: Allianz SE: Annual Financial Ratios
- Table 9: Allianz SE: Key Employees
- Table 10: Allianz SE: Key Employees Continued
- Table 11: AXA SA: key facts
- Table 12: AXA SA: Annual Financial Ratios
- Table 13: AXA SA: Key Employees
- Table 14: AXA SA: Key Employees Continued
- Table 15: AXA SA: Key Employees Continued
- Table 16: R+V Versicherung AG: key facts
- Table 17: R+V Versicherung AG: Key Employees
- Table 18: Talanx AG: key facts
- Table 19: Talanx AG: Annual Financial Ratios
- Table 20: Talanx AG: Key Employees
- Table 21: Talanx AG: Key Employees Continued
- Table 22: Germany size of population (million), 2018–22
- Table 23: Germany gdp (constant 2005 prices, $ billion), 2018–22
- Table 24: Germany gdp (current prices, $ billion), 2018–22
- Table 25: Germany inflation, 2018–22
- Table 26: Germany consumer price index (absolute), 2018–22
- Table 27: Germany exchange rate, 2017–21
- List of Figures
- Figure 1: Germany non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Germany non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Germany non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Germany non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Germany, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Germany, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Germany, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Germany, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Germany, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Germany, 2022
- Figure 11: Germany non-life insurance market share: % share, by value, 2022(e)
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