In 2020, German damage and accident insurance premiums amounted to almost 75 billion euros and approximately 52 billion euros was paid out in benefits. The value of premiums have exceeded the value of benefits since the 1970s, though the gap between the two has grown in recent years.
Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020
(in billion euros)
Characteristic
Benefits
Premiums
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Gross expenditure for insurance cases in the fiscal year. Gross payments; without insurance tax; fire section including fire protection tax. Domestic direct business; without nuclear and pecuniary damage liability insurance; until 2002 without fidelity insurance; until 2009 without aviation, air risk and space vehicle liability insurance.
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GDV. (September 1, 2021). Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020 (in billion euros) [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/
GDV. "Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020 (in billion euros)." Chart. September 1, 2021. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/
GDV. (2021). Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020 (in billion euros). Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/
GDV. "Value of Damage and Accident Insurance Premiums and Benefits in Germany from 1978 to 2020 (in Billion Euros)." Statista, Statista Inc., 1 Sep 2021, https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/
GDV, Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020 (in billion euros) Statista, https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/ (last visited July 23, 2024)
Value of damage and accident insurance premiums and benefits in Germany from 1978 to 2020 (in billion euros) [Graph], GDV, September 1, 2021. [Online]. Available: https://www.statista.com/statistics/1289029/damage-accident-insurance-premiums-benefits-germany/
