Drivers are not starting the last few weeks of the old year with any good news. Experts predict that prices for… Car insurance 2024 will rise.
Why car insurance will be more expensive in 2024
Accordingly, the insurance industry worldwide is increasingly becoming more and more involved Effects of extreme weather confronted. In Germany, too, the question of how to insure against the consequences of heavy rain, flooding, storms or hail and the resulting costs remains highly topical. Because it affects private households as well as businesses and industry equally. “We have to assume that the long-standing trend towards higher claims payments will continue,” said Dr. Michael Pickel, CEO of E+S Rück.
At the same time, according to a statement, E+S Rück assumes that motor insurance, the largest division in terms of volume in property and casualty insurance in Germany, will be significantly in deficit this year. The persistent high Inflation also causes rising claims expenses in property insurance and thus further pressure to adapt.
From E+S Rück’s point of view, the adjustment of motor vehicle insurance prices is therefore “inevitable” in the coming years. are necessary Premium increases in the double-digit percentage rangewrite the reinsurers in their presentation.
2023-12-04 14:16:46
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