The European turnover of life insurance share varied significantly by country in 2023. France led with a share of 25.3 million euros, followed by Denmark with 17.97 million euros, though Denmark witnessed a significant year-on-year decrease of 64.15%. Germany and Italy held shares of 13.94 and 13.04 million euros, respectively, with marginal year-on-year variations. The United Kingdom and Spain had shares of 9.68 and 3.7 million euros. Although smaller markets, countries like Belgium, Luxembourg, and Latvia also contributed notably. Luxembourg and Croatia saw positive growth, while other smaller players, such as Estonia and Austria, experienced significant declines.
Looking ahead, key trends to watch include the impact of economic recovery post-COVID-19, regulatory changes across European markets, and digital transformation influencing consumer behaviors and preferences in life insurance. Additionally, the potential growth in smaller markets will be worth monitoring as they adjust to new market dynamics.
Top countries in Turnover of Life Insurance Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 25.3 | 2023 | +5.84% | +1.94% | View data |
| 2 | 2 Denmark | 17.97 | 2023 | +0.36% | -64.15% | View data |
| 3 | 3 Germany | 13.94 | 2023 | +2.51% | +3.83% | View data |
| 4 | 4 Italy | 13.04 | 2023 | -0.33% | -0.28% | View data |
| 5 | 5 United Kingdom | 9.68 | 2023 | -1.14% | +0.9% | View data |
| 6 | 6 Spain | 3.7 | 2023 | +3.54% | +2.62% | View data |
| 7 | 7 Belgium | 3.62 | 2023 | +0.77% | +0.87% | View data |
| 8 | 8 Luxembourg | 3.49 | 2023 | +8.69% | +4.63% | View data |
| 9 | 9 Latvia | 2.35 | 2023 | +9.29% | -18.57% | View data |
| 10 | 10 Sweden | 1.82 | 2023 | +1.11% | +0.85% | View data |
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