Germany Commercial Property Insurance Market Size, Statistics
The German commercial property insurance market is a vital segment of the nation’s broader insurance sector, projected to grow significantly due to advancements in digital technologies like AI, IoT, and big data, enhancing risk assessment and underwriting. The market offers coverage against risks such as natural disasters, theft, and operational disruptions, but faces challenges from climate-related events, highlighting a protection gap, with only 52% of buildings covered for natural hazards.