As of 2023, the insurance, reinsurance, and pension funding output in France stood at 74 billion Euros. From 2024 onwards, a steady growth is projected, with output expected to escalate from 75.27 billion Euros in 2024 to 80.28 billion Euros by 2028. This indicates an average annual growth rate (CAGR) of approximately 1.65% over the forecasted period. The year-on-year growth reveals a gradual increase, from 1.69% between 2024 and 2025, up to 1.56% in 2028.
Future trends to watch for include:
- Increasing digital transformation in the insurance sector.
- Adoption of AI and blockchain technologies.
- Focus on sustainability and climate risk coverage.
- Regulatory changes affecting market dynamics.
