From 2013 to 2023, the production volumes of Insurance, Reinsurance, and Pension Funding in Finland showed variability. In 2023, the value stood at 3.09 billion euros, reflecting a consistent growth pattern marked by short declines. The year-on-year variation reached 5.74% in 2022 and 0.49% in 2023, indicative of recovery post earlier fluctuations. The compound annual growth rate (CAGR) over the last five years indicated a moderate average annual growth of 0.35%.
Looking forward, the forecast for the period from 2024 to 2028 suggests a continued growth trend with a forecasted five-year CAGR of 0.4%, and an overall growth rate of 2%, projecting the value to reach 3.16 billion euros by 2028.
Future trends to watch for include the impact of digital transformation on underwriting processes, the increasing importance of risk management, and the role of sustainability in investment strategies within the industry.
