The reinsurance sector employment in France showed a rising trend from 2013 to 2017, peaking at 1.93 thousand employees. However, since 2017, the sector has experienced a downward trend, evidenced by a significant decline to 1.25 thousand employees by 2023. Over the last two years, the employment reduction was notable with a year-on-year decrease of -5.3% in 2022 and -5.52% in 2023. The CAGR for the past five years ending in 2023 was -5.8%. The forecast predicts a continued decline, with employment expected to drop to 0.892 thousand by 2028, translating to a forecast 5-year CAGR of -5.39% and an overall decline of -24.21% from 2024 to 2028.
Future trends to watch for in the reinsurance sector include the increasing impact of automation and digitalization, the effects of climate change on reinsurance policies, and potential regulatory shifts. These factors could further influence the employment landscape and drive the need for evolving skillsets within the industry.
