The gross value added (GVA) for the insurance, reinsurance, and pension funding sector in Finland has seen notable fluctuations over the past decade. After a series of varying changes from 2013 to 2023, where it stood at 2.31 billion Euros, the sector is now on a projected consistent growth path from 2024 to 2028. The significant growth of 30.56% in 2022 was followed by a slight dip of -4.43% in 2023. Moving forward, the compound annual growth rate (CAGR) over the last five years averaged at 6.36%, though the forecast for the next five years indicates a more modest CAGR of 2.26%, reflecting a projected growth rate of 11.8% from 2024 to 2028.

Future trends to watch for include:

Emerging risks from climate change and technological advancements impacting the sector.
Increasing regulatory scrutiny and compliance costs.
Adoption of advanced analytics and digital transformation.
Shifts in demographic trends impacting pension funding needs.