In Norway, life insurance reserves as a percentage of household financial assets have been decreasing. The percentage in 2023 stood at 2.34%. Forecasts indicate a steady decline: 2.19% in 2024, 2.06% in 2025, 1.92% in 2026, 1.8% in 2027, and 1.67% in 2028. This reflects a year-on-year percentage decrease of -6.41% between 2023 and 2024, and further declines of -5.94%, -6.80%, -6.25%, and -7.22% annually for subsequent years. The five-year compound annual growth rate (CAGR) is -6.92%.
Future trends to watch for include potential recovery factors such as economic stability, interest rate fluctuations, and changes in consumer confidence. Monitoring regulatory impacts and competitive products in the financial market will also be crucial.
