The data from 2024 highlights that France leads with 35.19% of total assets in Global Life Insurance Reserves as Household Financial Assets, followed by Denmark at 26.7% and Italy at 19.66%. Belgium and Finland trail behind at 13.2% and 12.57%, respectively. Notably, countries like Chile and Portugal hold moderate values at 10.99% and 9.73%, while Greece and Switzerland have lower values at 4.12% and 3.43%. Poland, Mexico, Colombia, Lithuania, and Estonia each have minimal contributions, with Estonia being the lowest at 1.52%.
Examining the year-on-year percentage variations for 2023 reveals Italy, Greece, and Lithuania have experienced notable positive growths of 3.63%, 3.24%, and 2.69%, respectively. Conversely, Belgium and Switzerland have seen declines of 1.76% and 4.07%. Other countries like Denmark and Mexico have shown modest increases, while Chile, Colombia and several others faced slight declines.
Future trends to watch include the potential for growth in emerging markets like Mexico and Lithuania, given their positive recent trends. Economic stability in leading countries such as France and Denmark will also be crucial. Additionally, the regulatory landscape and technological advancements in the insurance sector may dramatically influence these reserves over the coming years.
Top countries in Life Insurance Reserves as Household Financial Assets by Country
| # | 10 Countries | Percent of Total Assests | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35.19 | 2023 | +0.51% | -0.15% | View data |
| 2 | 2 Denmark | 26.7 | 2023 | +0.24% | +0.27% | View data |
| 3 | 3 Italy | 19.66 | 2023 | +2.78% | +3.63% | View data |
| 4 | 4 Belgium | 13.2 | 2023 | -1.34% | -1.76% | View data |
| 5 | 5 Finland | 12.57 | 2023 | +1.36% | +0.037% | View data |
| 6 | 6 Chile | 10.99 | 2023 | +0.27% | -0.39% | View data |
| 7 | 7 Portugal | 9.73 | 2023 | +0.21% | -1.73% | View data |
| 8 | 8 Greece | 4.12 | 2023 | +2.24% | +3.24% | View data |
| 9 | 9 Switzerland | 3.43 | 2023 | -2.93% | -4.07% | View data |
| 10 | 10 Poland | 2.97 | 2023 | +1.35% | -1.97% | View data |
