The turnover of non-life insurance in Finland is forecasted to decline steadily from 2024 to 2028, starting at 3.47 billion Euros in 2024 and dropping annually to reach 3.29 billion Euros by 2028. This reflects modest year-on-year percentage decreases each year: -1.4% from 2024 to 2025, -1.5% from 2025 to 2026, -1.2% from 2026 to 2027, and -1.2% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is anticipated to be around -1.3%.

Future trends to watch for:

Technological advancements and digital transformation in the insurance industry might influence future turnover.
Changes in regulatory policies and economic conditions could impact the non-life insurance market.
Shifts in consumer behavior, particularly preference for digital insurance solutions, are likely to become increasingly significant.