The reinsurance sector in France has seen a fluctuating turnover from 2013 to 2023, with 2023 marking a value of 11.43 Billion Euros. The year-on-year analysis shows significant variations, such as a 61.58% increase in 2015 and a dramatic -35.41% decrease in 2016. Recent years have displayed a more stable decline, with a -2.44% reduction in 2023. The compound annual growth rate (CAGR) over the last five years stands at -1.77%, indicating a consistent downward trend. Forecasts suggest this decline will continue, projecting a CAGR of -2.07% from 2024 to 2028.
Future trends to watch for include:
- Adoption of advanced risk modeling technologies
- Shifts in climate patterns affecting natural catastrophe insurance
- Potential regulatory changes impacting market dynamics
- Emergence of non-traditional reinsurance products
