Outlook of the German non-life insurance market in 2026

According to GlobalData, the turnover of the German non-life insurance market is expected to reach 229.6 billion USD by 2026 compared to 148 billion USD in 2020. The average annual growth rate is estimated at 6.8%.

The sector's growth depends on the evolution of the health and personal accident (PA&H), motor and property damage activities. The three lines of business accounted for 38.8%, 23.4% and 17.2% of market share in 2020, respectively.

The post-Covid economic recovery is also expected to support growth in the P&C market over the next five years.