The production value of reinsurance in France has shown considerable volatility over the past decade. The value reached €4.4 billion in 2023 after fluctuating significantly, with notable peaks and valleys such as in 2014 (up by 63.61%) and 2017 (down by 25.88%). The most recent 5-year CAGR indicates a moderate increase of 1.81% annually, reflecting a steadying trend compared to more dynamic earlier years.
From 2024 onwards, the reinsurance production value is forecasted to grow consistently, albeit at a measured pace. The 5-year forecast CAGR is projected at 1.35%, leading to a 6.95% overall growth by 2028. This growth suggests a stabilization within the reinsurance sector, with incremental year-on-year increases expected.
Future trends to watch for include:
- Impact of climate change on underwriting risks and premiums.
- Adoption of advanced analytics and AI in risk assessment.
- Market consolidation and strategic partnerships.
- Regulatory changes affecting capital requirements and solvency.
