Forecast: Production Value of Non Life Insurance in France

In 2023, the production value of non-life insurance in France stood at 29.57 billion Euros. Over the years, this sector has experienced fluctuations: from a decline of 0.68% in 2014, to notable increases of 4.31% in 2015 and a peak of 2.31% in 2019. The last two years saw slight increases of around 0.36% annually. The recent five-year period shows a compounded annual growth rate (CAGR) of 0.42%, indicating moderate growth.

Looking ahead, the forecasted values for 2024 to 2028 suggest a steady but slow increase, with the non-life insurance production value expected to reach 30.06 billion Euros by 2028. The forecasted five-year CAGR of 0.26% implies stable growth, with an overall forecasted growth rate of 1.29% for this period.

Future trends to watch for include potential impacts from regulatory changes, technological advancements in insurance processing, and macroeconomic factors such as inflation and economic growth which may influence consumer purchasing power and insurance demand.