The European Transport Insurance HICP exhibits notable disparities across countries. In 2023, Latvia led with the highest value, followed by Romania, while countries like Switzerland and Ireland exhibited lower values. Year-on-year variation was highest for Romania, showcasing significant growth, whereas countries such as Ireland and Switzerland experienced declines. Over the previous five years, the compound annual growth rate (CAGR) varied, with countries showing persistent inflationary trends versus those facing deflationary pressures. This divergence highlights differing economic dynamics and insurance markets across Europe.
Future trends to watch include diverse economic recoveries influencing inflation rates, potential impacts of geopolitical developments, and policy changes across the European Union. As the transport sector evolves with technological advancements, insurance models may adjust according to these innovations and subsequent regulatory reforms, potentially impacting HICP values over the coming years.
Top countries in Transport Insurance HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 178.98 | 2022 | +38.55% | +5.84% | View data |
| 2 | 2 Romania | 163.97 | 2022 | +38.01% | +17.66% | View data |
| 3 | 3 Czech Republic | 147.5 | 2022 | +7.12% | +6.14% | View data |
| 4 | 4 Iceland | 146.62 | 2022 | +4.47% | +4.76% | View data |
| 5 | 5 Poland | 132.9 | 2022 | +12.91% | +1.07% | View data |
| 6 | 6 Slovakia | 131.41 | 2022 | +7.77% | +5.55% | View data |
| 7 | 7 Hungary | 131.38 | 2022 | +3.82% | +4.07% | View data |
| 8 | 8 Kosovo | 127.77 | 2022 | +0.18% | View data | |
| 9 | 9 Norway | 126.6 | 2022 | +6.84% | +5.02% | View data |
| 10 | 10 Lithuania | 126.22 | 2022 | +20.82% | +0.91% | View data |
