In 2023, the production value in the non-life insurance sector in France stood at 29.57 billion Euros. Between 2013 and 2023, the sector displayed a generally stable pattern with occasional fluctuations. Key variations over this period included a decline in 2014, a notable rise in 2015, and mixed growth trends between 2017 and 2022. The compound annual growth rate (CAGR) for the last five years leading up to 2023 was 0.42%.
Looking ahead, the forecast indicates steady, albeit modest, growth. By 2028, the expected production value is projected at 30.06 billion Euros, reflecting a forecasted 5-year CAGR of 0.26%. This would signify a growth rate of 1.29% over this period.
Future trends to watch for:
- Potential impact of regulatory changes within the EU.
- Digital transformation and Insurtech innovations shaping the sector.
- Potential influence of macroeconomic factors on insurance demand.
- Increasing focus on climate-related insurance products.
