The period from 2013 to 2023 has seen fluctuating values in households' life insurance and annuity entitlements in France. Starting from 1.5339 trillion euros in 2013, the figures experienced steady annual increases with a significant peak in growth at 2016, where the value reached 1.9054 trillion euros, representing a year-on-year growth of 14.43%. The highest recorded value was 2.1706 trillion euros in 2021. The most notable decline occurred in 2022, with a year-on-year decrease of 13.22%, pulling the value down to 1.8836 trillion euros. By 2023, the value slightly rebounded to 1.9286 trillion euros.
Future trends indicate a gradual and consistent increase in value, forecasted to reach 2.1391 trillion euros by 2028, with a five-year CAGR of 1.64%. This denotes a stable growth trajectory over the next few years.
Future trends to watch for:
- Market response to economic fluctuations and policy changes. - Innovations and shifts within the insurance sector impacting product offerings. - Consumer confidence and spending power in relation to life insurance and annuities.
