The forecast for the insurance, reinsurance, and pension funding output in Norway shows a steady increase from 2024 to 2028, with values rising from 36.26 billion NOK in 2024 to 38.11 billion NOK in 2028. The year-on-year variations exhibit modest growth: 2025 increases by approximately 1.3%, followed by a 1.25% rise in 2026, a 1.24% increase in 2027, and a 1.19% growth in 2028. Over the last five years, the compound annual growth rate (CAGR) stands at about 1.2%.
Future trends to watch for include the impact of digital transformation on the industry, potential regulatory changes, and evolving consumer preferences towards versatile and individually tailored insurance and pension products. Additionally, climate change-related risks and the integration of sustainable investment strategies might significantly influence the sector’s dynamics.
