The insurance, reinsurance, and pension funding output in Sweden is projected to grow steadily over the period from 2024 to 2028. Starting from a base of 81.6 billion SEK in 2024, the output increases annually, reaching 88.1 billion SEK by 2028. This marks a consecutive yearly growth rate of approximately 2% to 2.3%. In 2023, the actual output stood at 80 billion SEK, setting the stage for these forecasted increases.
Analyzing the year-on-year variations:
- 2024: 2% growth from 2023
- 2025: 2% growth from 2024
- 2026: 1.9% growth from 2025
- 2027: 1.9% growth from 2026
- 2028: 1.8% growth from 2027
The compound annual growth rate (CAGR) over the five-year period is approximately 2%, indicating a consistent annual increase.
Future trends to watch for include technological advancements in insurtech, evolving customer expectations for personalized insurance products, and potential regulatory changes impacting the sector. These factors could influence both growth rates and operational strategies in the market.
