The life insurance reserves as household financial assets in Sweden have demonstrated a persistent downward trend from 2013 to 2023. Starting at 9.19% in 2013, this value declined steadily to stand at 5.66% in 2023, with an overall contraction year-on-year, confirming a compounded annual growth rate (CAGR) of -4.64% over the last five years.
Key historical trends:
- 2013 to 2014: -0.28% YoY
- 2014 to 2015: -8.67% YoY
- 2015 to 2016: -6.74% YoY
- 2016 to 2017: -3.58% YoY
- 2017 to 2018: -4.63% YoY
- 2018 to 2019: -5.39% YoY
- 2019 to 2020: -4.78% YoY
- 2020 to 2021: -3.83% YoY
- 2021 to 2022: -4.50% YoY
- 2022 to 2023: -4.69% YoY
Future trends to watch for indicate continued decline with an estimated CAGR of -4.45% over the next five years (2024-2028), and a forecasted aggregate drop of -20.34% in life insurance reserves as household financial assets. Stakeholders must monitor evolving economic conditions, shifting demographics, and changing insurance market dynamics that may influence these projections.
