Key Market Indicators
Austrian Life Insurance Revenue Drops Nearly 20% in 2023 In 2023, Austria’s life insurance revenue plummeted by approximately 20%, declining from €1.3 billion in 2022 to around €1 billion. This marks a significant year-on-year decrease of 19.9%. Since 2018, the Austrian life insurance market has been on a downward trajectory, with an average annual decline of 12.2%. The country's ranking in the European market has also slipped, placing it at number 17 in 2023. The Czech Republic matched Austria's revenue at €1 billion, surpassing Austria in the rankings. Denmark, Germany, and Italy secured the second, third, and fourth spots, respectively.
