The self-employed workforce in the Insurance, Reinsurance, and Pension Funding sector in the US is forecasted to decline steadily from 2024 to 2028, dropping from 102,000 jobs to 95,000 jobs. This represents a year-on-year decrease of approximately 1-2% annually. In 2023, actual data indicated a slightly higher number of self-employed individuals, marking the onset of the downward trend.
Future trends to watch for include:
- The potential impact of digitization and automation on job requirements.
- Shifts in the regulatory environment potentially influencing self-employment rates.
- Increasing adoption of Insurtech solutions, which might alter traditional job roles.
