Forecast: Employment in Life Insurance Sector in Finland

The employment in Finland's life insurance sector demonstrated notable variation over the past decade. With a significant drop of 22.89% in 2014 followed by an additional 8.1% decline in 2015, the sector experienced volatility. However, a recovery began in 2016, leading to steady growth through 2023. By 2023, employment had reached 717 units, increasing year-on-year and exhibiting a compound annual growth rate (CAGR) of 1.15% over the last five years.

Future trends to watch:

• Moderate growth is expected to continue, with a forecasted five-year CAGR of 0.25% up to 2028.
• Overall, the employment rate will experience a cumulative growth of 1.25% from 2024 to 2028.
• Possible impacts from technological advancements and fintech developments might influence sector employment dynamics in the coming years.