In 2023, Denmark held the highest production value in insurance, reinsurance, and pension funding in Europe, but experienced a significant decline of 60.13%. Germany and France showed modest year-on-year growth, with increases of 1.95% and 4.37%, respectively. Emerging markets like Slovakia and Romania demonstrated strong growth, with Slovakia’s value rising by 21.22% and Romania’s by 13.11%. Conversely, Latvia faced a notable decrease of 63.76%.
Looking ahead, key trends to monitor include technological advancements in digital insurance platforms, regulatory changes, and economic factors affecting consumer spending in Europe. Additionally, increased demand for sustainable investment products in the pension sector may reshape market dynamics.
Top countries in Production Value of Insurance, Reinsurance and Pension Funding Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 39.39 | 2023 | +9.63% | -60.13% | View data |
| 2 | 2 Germany | 22.61 | 2023 | +2.26% | +1.95% | View data |
| 3 | 3 France | 17.17 | 2023 | +3.65% | +4.37% | View data |
| 4 | 4 Netherlands | 11.33 | 2023 | +134.25% | View data | |
| 5 | 5 Italy | 7.13 | 2023 | +1.36% | +1.83% | View data |
| 6 | 6 Belgium | 3.67 | 2023 | +4.23% | +8.96% | View data |
| 7 | 7 Spain | 3.25 | 2023 | +9.74% | View data | |
| 8 | 8 Norway | 2.57 | 2023 | +1.84% | +0.71% | View data |
| 9 | 9 Austria | 2.04 | 2023 | +1.49% | +4.81% | View data |
| 10 | 10 Slovakia | 1.75 | 2023 | +16.3% | +21.22% | View data |
