In 2023, Cyprus led the European number of enterprises in insurance, reinsurance, and pension funding, standing at 1.4 thousand, while Malta recorded the lowest at 0.008 thousand. Countries like Portugal and Norway showed positive trends, with increases of 0.33% and 1.45% respectively. Conversely, substantial declines were observed in the Netherlands at -7.31%, Belgium at -6.1%, and Spain at -4.48%. These year-on-year variations reflect a nuanced landscape for the sector across Europe.
Looking ahead, demographic shifts, economic recovery dynamics, and regulatory changes are poised to influence enterprise growth patterns. Increased digitalization and sustainability concerns could reshape market strategies, potentially spurring enterprise diversification and consolidation.
Top countries in Number of Enterprises of Insurance, Reinsurance and Pension Funding by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 1,400 | 2023 | -0.14% | +0.4% | View data |
| 2 | 2 Spain | 1,080 | 2023 | -5.62% | -4.48% | View data |
| 3 | 3 Germany | 1,040 | 2023 | -4.03% | -3.91% | View data |
| 4 | 4 Italy | 305 | 2023 | -2.24% | -2.52% | View data |
| 5 | 5 Portugal | 304 | 2023 | 0% | +0.33% | View data |
| 6 | 6 Netherlands | 260 | 2023 | -5.45% | -7.31% | View data |
| 7 | 7 France | 235 | 2023 | -0.84% | -0.99% | View data |
| 8 | 8 Belgium | 192 | 2023 | -7.25% | -6.1% | View data |
| 9 | 9 Norway | 173 | 2023 | +1.76% | +1.45% | View data |
| 10 | 10 Luxembourg | 143 | 2023 | +0.7% | -0.68% | View data |
