Forecast: Production Volumes of Insurance, Reinsurance and Pension Funding in Austria

The production volumes of insurance, reinsurance, and pension funding in Austria showed fluctuating trends from 2013 to 2023, with a significant dip around 2018-2020. In 2023, the value was at 6.89 billion Euros, marking a slight increase of 0.62% from the previous year. The compound annual growth rate (CAGR) over the past five years stood at approximately 0.98%.

Looking ahead, the forecast data indicates steady growth in production volumes, reaching 7.09 billion Euros by 2028. The five-year CAGR for the forecast period is slightly lower at 0.52%, suggesting a more moderate but consistent growth pattern. The total forecasted five-year growth rate stands at 2.61%, reflecting a stable upward trajectory.

Future trends to watch for:

• Technological advancements and digital transformation in the insurance sector.
• Increasing demand for reinsurance due to growing climate-related risks.
• Changes in regulatory frameworks impacting pension funding mechanisms.