The 2023 data on European Insurance, Reinsurance, and Pension Funding shows the United Kingdom leading with 20.62%, followed by Germany at 19.77%, and France at 14.91%. Noteworthy annual growth rates include Ireland at 5.32%, Belgium at 4.58%, and Luxembourg at 5.46%. On the contrary, Norway experienced a decline of 3.12%. The Compound Annual Growth Rate (CAGR) over the last five years is worth noting, especially for Bulgaria at 10.34% and Malta at 13.73%.
Future trends to watch include continued growth in Ireland, Belgium, and Luxembourg, given their strong recent annual growth rates. Additionally, monitoring Malta and Bulgaria for sustained high growth will be essential. Conversely, understanding the reasons behind Norway's decline might offer opportunities for strategic adjustments.
Top countries in Insurance, Reinsurance and Pension Funding Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 20.62 | 2023 | +0.61% | +0.81% | View data |
| 2 | 2 Germany | 19.77 | 2023 | +1.64% | +2.82% | View data |
| 3 | 3 France | 14.91 | 2023 | +1.79% | +2.07% | View data |
| 4 | 4 Switzerland | 9.43 | 2023 | +0.27% | +2.22% | View data |
| 5 | 5 Italy | 6.74 | 2023 | +3.03% | +2.22% | View data |
| 6 | 6 Netherlands | 5.05 | 2023 | +2.03% | +3.42% | View data |
| 7 | 7 Spain | 4.15 | 2023 | +2.61% | +0.64% | View data |
| 8 | 8 Ireland | 4.04 | 2023 | +1.77% | +5.32% | View data |
| 9 | 9 Belgium | 2.98 | 2023 | +4.22% | +4.58% | View data |
| 10 | 10 Austria | 1.7 | 2023 | +1.52% | +3.21% | View data |
