Overall summary :
- Net inflows from life insurance (excluding retirement savings and death insurance) were slightly negative in 2023 (-EUR 2.3 billion) due to increasing surrenders.
- Non-life insurance business grew significantly in 2023.
- The cost of fire claims and other property damage has risen sharply since early 2018, driven by inflation and repeated natural disasters.
- Insurers’ asset allocation saw little change in the 2nd half of 2023.
- The Solvency Capital Requirement (SCR) coverage ratio varies according to the type of undertaking between 2022 and 2023 and is broadly stable for all undertakings.