The non-life insurance sector in Denmark is projected to experience a steady decline from 2024 to 2028. In 2023, the production stood at 104.23 Billion Danish Krones. Forecasted values indicate a decrease to 97.0 Billion in 2024, then 91.84 Billion in 2025, dropping further to 86.72 Billion in 2026, 81.65 Billion in 2027, and 76.64 Billion in 2028.
Year-on-year percentage variations:
- 2024: -7% compared to 2023
- 2025: -5.31% compared to 2024
- 2026: -5.61% compared to 2025
- 2027: -5.84% compared to 2026
- 2028: -6.13% compared to 2027
The Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is projected to be -6.36%, indicating a consistent downturn in the sector's production.
Future trends to watch for include potential market consolidation, shifts towards digital and insurtech solutions, and changes in consumer behavior influenced by economic factors and regulatory changes. Monitoring these elements will be crucial to understanding the evolving landscape of the non-life insurance industry in Denmark.
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