European Household Expenditure on Insurance by Country

In 2023, France led European household insurance expenditure at €64.73 billion, followed by Germany at €59.17 billion and Italy at €26.06 billion. Countries like Ireland and Luxembourg saw lower spending. Significant year-on-year growth was noted in Finland and Croatia, with respective increases of 5.73% and 5.59%. Conversely, Luxembourg and Estonia experienced declines. The five-year average CAGR highlights gradual growth across most countries, with notable increases in the Netherlands and Spain.

Future trends to watch include increasing digitalization of insurance services, regulatory changes post-Brexit, and shifts in consumer behavior associated with climate change awareness and demographics across Europe.