The non-life insurance sector in France saw a nominal turnover of €84.45 billion in 2023 based on actual data. Over the last two years, the sector experienced a steady year-on-year growth of 1.43% in 2022 and 1.4% in 2023. Looking at the period from 2019 to 2023, the compound annual growth rate (CAGR) was 1.72%, indicating moderate growth overall. From 2024 onwards, the sector is forecasted to grow at a slower pace with a 5-year CAGR of 1.03%, achieving a forecast value of €90.11 billion by 2028, marking a 5.26% growth over this period.

Future trends to watch for in the non-life insurance sector include:

Increased digital transformation and adoption of InsurTech solutions.
Impact of regulatory changes on product offerings and pricing.
Growing importance of cyber insurance amid rising cybersecurity threats.
Adapting to climate change impacts, particularly with property and casualty insurance.
Potential market consolidation and strategic partnerships.