The French insurance, reinsurance, and pension funding sector, excluding compulsory social security, showed a forecasted turnover increase from €296.52 billion in 2024 to €318.47 billion in 2028. In 2023, the actual turnover was approximately €290 billion. The projected growth from 2024 to 2025 is 1.88%, and from 2025 to 2026 it is 1.82%. The forecast period from 2026 to 2027 anticipates a 1.78% increase, and from 2027 to 2028 a growth of 1.73%. The compound annual growth rate (CAGR) for 2024-2028 is around 1.67%.
Future trends to watch include:
- The impact of digital transformation on service delivery and efficiency.
- Potential regulatory changes affecting the sector.
- Dynamic market conditions due to economic fluctuations and demographic shifts.
