The gross premium income of primary insurance in Sweden has shown a downward trend from 38.8 billion USD in 2014 to 32.4 billion USD in 2023. The year-on-year variation frequently fluctuated, with noticeable decreases in 2015 and 2020. Over the past two years, the market shrank by 0.92% in 2022 and 2023. The 5-year CAGR leading up to 2023 was -0.96%, indicating a consistent downward pattern.
Future trends to watch for:
- Continuous reduction in gross premium income, with a forecasted 5-year CAGR of -0.79% leading to 2028.
- Monitoring shifts in consumer behavior and regulatory impacts that may either mitigate or exacerbate the current decline.
