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As of 31 December, 2023, the insurance sector recorded a premium income of €37,8 bn, -17,5% in life insurance to €19bn and +9,2% in non-life insurance to €18,8bn. The amount of assets under management is up 2,2% to € 222,2bn.
Over the last 5 years, the following main developments were observed:
- France, as the leading market, mirrors this trend with significant growth in 2021 at 34.1%, but subsequent years show a decline in premiums and growth rates. Despite a decrease of 20,4% in 2023, the French market remains the dominant market representing 47% of the total market.
- Following a decrease of -35% in 2022, the Italian market is outperforming the market in 2023, with a decline of -5,4%.
- Germany presents an unusual pattern, with a moderate...
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