As of 2023, the number of enterprises in the insurance, reinsurance, and pension funding sector (excluding compulsory social security) in France stood at approximately 234. The forecasted data from 2024 to 2028 suggests a steady, yet slight decline in the number of enterprises, decreasing from 233 in 2024 to a stable 230 by 2027 and 2028. This represents a year-on-year decline, with an overall Compound Annual Growth Rate (CAGR) of approximately -0.35% over the five-year forecast period.
Future trends to monitor include:
- The digital transformation and its impact on traditional insurance models.
- Regulatory changes and potential consolidation within the industry.
- The increasing role of InsurTech and technological advancements driving efficiency.
- Changes in consumer behavior towards more sustainable and customized insurance solutions.