The turnover in the Swedish life insurance sector has experienced fluctuations over the past decade. The turnover in 2023 stood at 146.85 billion SEK. The sector saw a significant rise of 19.1% in 2014, followed by modest growth and occasional declines, such as a notable drop of 15.19% in 2020. Over the past two years, turnover increased by 7.38% in 2022 and 1.93% in 2023. The 5-year CAGR leading up to 2023 averaged 1.42%. Looking forward, forecasts suggest a steady increase, with a projected 5-year CAGR of 1.5% up to 2028, equating to an overall growth rate of 7.73% from 2024 to 2028.

Future trends to watch for include:

Continued steady growth influenced by economic stability and demographic shifts.
The impact of technological advancements and digital transformation in the insurance industry.
Potential regulatory changes that could affect industry profitability and consumer behavior.
Increasing consumer interest in customized insurance products and policies.