The production value in France's reinsurance sector stood at €4.4 billion in 2023. Observing the trend from 2013 to 2023, there have been significant fluctuations, with a notable peak in 2014 at €5.74 billion and a subsequent dip in 2017 at €3.76 billion. Over the last five years, the market has stabilized somewhat, with year-on-year variations ranging from -16.75% in 2020 to 8.83% in 2021. The CAGR from 2018 to 2023 was 1.81%, indicating moderate growth on average per year.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady annual growth with a CAGR of 1.35%, reaching an expected €4.79 billion by 2028. This points to an overall 6.95% growth over this period. Future trends to watch for include the impact of regulatory changes, emerging risks (such as cyber threats and climate change), and advancements in technology which may influence underwriting and risk assessment processes, potentially boosting overall production in the sector.
