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GlobalData predicts the German industry will see a compound annual growth rate, in terms of written premium, of 6.8%, from $165.4 billion in 2021 to $229.6 billion in 2026. (Credit: Shutterstock.com) GlobalData predicts the German industry will see a compound annual growth rate, in terms of written premium, of 6.8%, from $165.4 billion in 2021 to $229.6 billion in 2026. (Credit: Shutterstock.com)

While the German general insurance industry saw a contraction of 2.1% in 2020, likely due to the pandemic, the industry is expected to bounce back and continue to grow over the next several years, says a new report from data and analytics company GlobalData.

This growth could lead to significant monetary gains in the industry, and GlobalData predicts the German industry will see a compound annual growth rate, in terms of written premium, of 6.8%, from $165.4 billion in 2021 to $229.6 billion in 2026.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

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