In 2023, Cyprus led in the share of insurance, reinsurance, and pension enterprises in Europe, with notable year-on-year growth. Spain and Germany experienced declines by over 4%, while Portugal posted a slight increase. Netherlands faced a significant drop of over 7%, impacting the overall sector landscape. France, Denmark, and Austria also fell marginally. Countries like Norway and Greece saw minor improvements, while Malta remained stable.
Future trends to watch include digital transformation and regulatory changes that could affect enterprise numbers. Emerging markets within Europe may also see shifts, with smaller countries potentially gaining influence with niche innovations and collaborations. Monitoring sector responses to economic fluctuations will be crucial.
Top countries in Number of Enterprises of Insurance, Reinsurance and Pension Funding Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 24.26 | 2023 | -0.14% | +0.4% | View data |
| 2 | 2 Spain | 18.57 | 2023 | -5.62% | -4.48% | View data |
| 3 | 3 Germany | 17.88 | 2023 | -4.03% | -3.91% | View data |
| 4 | 4 Italy | 5.27 | 2023 | -2.24% | -2.52% | View data |
| 5 | 5 Portugal | 5.25 | 2023 | 0% | +0.33% | View data |
| 6 | 6 Netherlands | 4.49 | 2023 | -5.45% | -7.31% | View data |
| 7 | 7 France | 4.06 | 2023 | -0.84% | -0.99% | View data |
| 8 | 8 Belgium | 3.32 | 2023 | -7.25% | -6.1% | View data |
| 9 | 9 Norway | 2.99 | 2023 | +1.76% | +1.45% | View data |
| 10 | 10 Luxembourg | 2.47 | 2023 | +0.7% | -0.68% | View data |
