Forecast: Turnover of Life Insurance in Finland

The life insurance turnover in Finland showed varied trends from 2013 to 2023. It started at €5.59 billion in 2013, reaching a peak of €6.26 billion in 2015, followed by a significant dip in 2016. Over the next few years, it had fluctuations but remained generally below 2014 levels until 2019. The value dropped again in 2020 but recovered gradually, reaching €6.1 billion in 2023.

Trends and Variations:

- Between 2013 and 2015, there was an overall growth with a peak in 2015.- In 2016, a notable decline of 26.92% was observed, followed by slight decreases in 2017 and 2018.- A strong rebound occurred in 2019 with an increase of 37.8%.- A sharp drop in 2020 and subsequent recovery reached 2023’s 8.62% growth.- The last five-year CAGR (2018-2023) was 6.93%, indicating a moderate recovery trend.

Future trends to watch for:

Projections from 2024 onwards show steady growth with an anticipated CAGR of 1.09% over the next five years. Key factors to monitor include macroeconomic changes, regulatory landscapes, and demographic shifts that could influence the insurance market dynamics in Finland.