In 2023, the value added of the insurance, reinsurance, and pension funding sector in Finland stood at 1.80 billion euros. According to forecasted data from 2024 to 2028, a steady year-on-year increase of approximately 1.64% to 2.08% is expected, with the value reaching 1.96 billion euros by 2028. This equates to a Compound Annual Growth Rate (CAGR) of around 1.71% over the five-year period.

Future trends to watch for:

Technological advancements in the insurance sector, particularly AI and blockchain, which may drive efficiency and innovation.
Regulatory changes and their impacts on compliance costs and operational strategies.
The ageing population in Finland influencing the growth in pension funding requirements.
Climate change and environmental risks potentially altering the reinsurance landscape.