Forecast: Total Insurance Expenditure in Sweden

The total insurance expenditure in Sweden, expressed as a percentage of GDP, is forecasted to rise steadily from 9.77% in 2024 to 10.27% in 2028. Comparing the year-on-year variations: from 2024 to 2025, the expenditure increases by approximately 1.3%; from 2025 to 2026, it increases by around 1.2%; from 2026 to 2027 and 2027 to 2028, the expenditure continues to rise by roughly 1.3% and 1.2%, respectively. Over the last two years, this consistent growth reflects a steady upward trend in insurance spending. The compound annual growth rate (CAGR) over the next five years is calculated to be around 1.2% to 1.3% per year, demonstrating stable and moderate growth.

Future trends to watch for:

• The potential impact of economic conditions on insurance uptake.
• Regulatory changes that could influence insurance market dynamics.
• Technological advancements and their effect on the insurance sector, such as the adoption of insurtech innovations.
• Shifts in consumer behavior due to increasing awareness and need for comprehensive insurance coverage.