In 2023, France led European households in life insurance and annuity entitlements with 41.97 million euros, followed by Germany and Italy. While Germany and Italy showed growth rates of 2.35% and 6.48% respectively, Belgium, Spain, and Austria experienced declines ranging from 5.38% to 8.33%. Smaller markets like Lithuania and Estonia saw notable increases of 7.48% and 3.27%.
Future trends to watch for include:
- Potential growth in underpenetrated markets like Lithuania and Estonia due to economic development.
- Challenges in mature markets such as Belgium and Spain due to decreasing entitlements.
- Impact of economic reforms and demographic changes on overall growth across countries.
Top countries in Households Life insurance and Annuity Entitlements Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 41.97 | 2023 | +2.39% | +0.16% | View data |
| 2 | 2 Germany | 24.65 | 2023 | +4.47% | +2.35% | View data |
| 3 | 3 Italy | 21.46 | 2023 | +4.13% | +6.48% | View data |
| 4 | 4 Netherlands | 3.47 | 2023 | +1.92% | +0.59% | View data |
| 5 | 5 Belgium | 3.03 | 2023 | -6.57% | -5.38% | View data |
| 6 | 6 Spain | 2.39 | 2023 | -22.91% | -8.33% | View data |
| 7 | 7 Austria | 1.14 | 2023 | -17.22% | -7.55% | View data |
| 8 | 8 Finland | 1.13 | 2023 | +3.77% | +4.83% | View data |
| 9 | 9 Luxembourg | 0.28 | 2023 | +12.34% | +5.18% | View data |
| 10 | 10 Greece | 0.24 | 2023 | +4.38% | +4.67% | View data |
