Key Market Indicators
Norwegian insurance spending is projected to drop to €1.87 billion by 2028, down from €2 billion in 2023. This marks an average annual decline of 1.1%. The trend is not new, as Norwegian demand for insurance has been decreasing at an average rate of 0.8% per year since 1980. This data reflects a long-term shift in the insurance market within Norway, posing potential challenges for the industry in the years to come.
