Forecast: Value Added of Insurance, Reinsurance and Pension Funding in Denmark

The value added of the insurance, reinsurance, and pension funding sector in Denmark has shown a generally positive trend from 2013 to 2023, increasing from 14.57 billion DKK to 17.68 billion DKK. Over this period, the year-on-year variations fluctuated, with significant increases such as in 2014 (5.44%) and more modest growth in recent years (1.36% in 2023). The Compound Annual Growth Rate (CAGR) for the last five years is at 1.58%, indicating a stable but moderate growth. The forecasted data predict a continued increase, reaching 18.79 billion DKK by 2028 with a 5-year forecasted CAGR of 0.97%, translating into a 4.92% overall growth.

Future trends to watch for include:

• The impact of technological advancements and digital transformation in the insurance sector.
• Regulatory changes and their effect on market operations and growth.
• Economic factors such as interest rates and inflation, which may influence both investment returns and customer behavior.
• Increasing importance of sustainability and ESG (Environmental, Social, and Governance) criteria in pension funding and insurance underwriting practices.