In 2023, household expenditure on home insurance in France was slightly below 6.88 billion Euros. The forecast suggests a steady growth over the next five years, with significant year-on-year increases: approximately 2.3% in 2025, 2.3% in 2026, 2.2% in 2027, and 2% in 2028. The five-year cumulative annual growth rate (CAGR) stands at approximately 2.3%.
Future trends to watch for:
- Increasing climate-related risks potentially driving higher insurance costs and demand.
- Technological advancements and data analytics potentially optimizing pricing and risk assessment.
- Regulatory changes impacting the insurance market landscape.
