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Germany Non-Life Insurance Market to 2027

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    Report

  • 47 Pages
  • November 2023
  • Region: Germany
  • MarketLine
  • ID: 5927886
Non-Life Insurance in Germany industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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

  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The German non-life insurance market had total gross written premiums of $147.1 billion in 2022, representing a compound annual growth rate (CAGR) of 4% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $32.2 billion, equivalent to 21.9% of the market's overall value.
  • Non-life insurance coverage in the German population is relatively high. According to in-house research, in 2022, Germany’s non-life insurance penetration (ratio of premiums to GDP) stood at 3.8%.

Scope

  • 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 by both value and volume

Reasons to Buy

  • 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?
  • Who are the top competitors in Germany's non-life insurance market?

Table of Contents

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 the leading players follow?
7.4. What are the strengths of the leading players?
7.5. What has been the rationale behind recent M&A activity?
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 research
10.4. About the Publisher
List of Tables
Table 1: Germany non-life insurance market value: $ billion, 2017-22
Table 2: Germany non-life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Germany non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Germany non-life insurance market geography segmentation: $ billion, 2022
Table 5: Germany non-life insurance market value forecast: $ billion, 2022-27
Table 6: Germany non-life insurance market share: % share, by value, 2022
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: Germany size of population (million), 2018-22
Table 22: Germany gdp (constant 2005 prices, $ billion), 2018-22
Table 23: Germany gdp (current prices, $ billion), 2018-22
Table 24: Germany inflation, 2018-22
Table 25: Germany consumer price index (absolute), 2018-22
Table 26: Germany exchange rate, 2018-22
List of Figures
Figure 1: Germany non-life insurance market value: $ billion, 2017-22
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
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Allianz SE
  • AXA SA
  • R+V Versicherung AG
  • Talanx AG