Forecast: Production Volumes of Insurance, Reinsurance and Pension Funding in Sweden

The production volumes of Insurance, Reinsurance, and Pension Funding in Sweden exhibited a fluctuating trend from 2013 to 2023. After a significant increase in 2014, the volumes saw a mixed pattern with minor declines and incremental increases, stabilizing around 2023 with a value of 64.71 billion Swedish Kronas. Notably, the year 2022 saw a sharp rise of 5.91% compared to the previous year's modest growth.

Key long-term trends observed included recovery periods following short declines. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 0.66%, demonstrating a steady albeit slow growth trajectory.

Future trends to watch for include:

• Projected stable growth with modestly increasing volumes from 2024 to 2028, with forecasted volumes expected to reach 66.54 billion Swedish Kronas by 2028.
• A forecasted five-year CAGR of 0.5%, suggesting gradual stabilization and consistent uptrend in the industry's production volumes.