Key Market Indicators
Austrian insurance spending is projected to climb to €6.8 billion by 2028, up from €6.3 billion in 2023. This represents an average annual growth rate of 1.2%. Since 2000, the demand for insurance in Austria has increased by an average of 1.8% per year. In contrast, the Austrian gross written premium is expected to decline to $18.8 billion by 2028, down from $20.1 billion in 2023. This marks an average annual decrease of 1%. Since 1991, the supply of gross written premiums in Austria has fallen by an average of 1.7% per year. In 2023, Austria ranked 14th globally in terms of gross written premiums, with Israel surpassing it at $20.1 billion. The United Kingdom, Germany, and the Netherlands held the second, third, and fourth spots, respectively, in this ranking.
