Forecast: Gross Premium Income of Non-life Insurance in France

From 2013 to 2023, Gross Premium Income of Non-life Insurance in France has shown a notable decline. Starting at $96.2 billion in 2013, it decreased overall despite some minor fluctuations. Significantly, the 11.7% drop in 2015 and the consistent reduction observed through 2020 highlight a long-term contraction trend. By 2023, the value stood at $81.5 billion, reflecting a year-on-year reduction of 0.61% and a 5-year compound annual growth rate (CAGR) of -0.65%.

Future projections from 2024 to 2028 indicate a continued decline in Gross Premium Income, with a forecasted CAGR of -0.53% over this period, culminating in a value of $78.49 billion by 2028. This suggests a consistent negative growth trajectory.

Future trends to watch for:

• Regulatory changes that might impact non-life insurance policies and premiums.
• Economic factors that could influence consumer spending on non-life insurance.
• Technological advancements and their adoption by the insurance industry.
• Competitive dynamics and market consolidation.