In 2023, the Netherlands led the European insurance, reinsurance, and pension funding output with a value of 24.96 billion euros, showing a year-on-year growth of 3.34%. Spain followed with 20.64 billion euros, growing by 0.67%, while Ireland reached 19.77 billion euros, marking an impressive 4.99% increase. Smaller markets like Slovenia and Estonia showed significant growth, particularly Slovenia with a 6.06% rise. In comparison, other countries had moderate growth rates, with Portugal at 1.82% and Slovakia at 2.82%.
Future trends to watch in the European insurance, reinsurance, and pension funding sector include the impact of digital transformation and AI on underwriting and claims processing, the shift towards sustainable investments in pension funds, and regulatory changes affecting cross-border operations within Europe. Market consolidation and emerging risks such as cyber threats may also influence growth patterns across different countries.
Top countries in Insurance, Reinsurance and Pension Funding Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 24,960 | 2023 | +1.64% | +3.34% | View data |
| 2 | 2 Spain | 20,640 | 2023 | +2.69% | +0.67% | View data |
| 3 | 3 Ireland | 19,770 | 2023 | +6.86% | +4.99% | View data |
| 4 | 4 Portugal | 3,710 | 2023 | +0.86% | +1.82% | View data |
| 5 | 5 Finland | 3,660 | 2023 | -6.01% | +2.9% | View data |
| 6 | 6 Slovakia | 1,370 | 2023 | +2.69% | +2.82% | View data |
| 7 | 7 Slovenia | 1,300 | 2023 | +1.26% | +6.06% | View data |
| 8 | 8 Croatia | 763.07 | 2023 | +0.33% | +1.88% | View data |
| 9 | 9 Cyprus | 451.7 | 2023 | +1.89% | +0.84% | View data |
| 10 | 10 Latvia | 314.23 | 2023 | +3.01% | +0.36% | View data |
