The global distribution of employees in the Insurance, Reinsurance, and Pension Funding sector is considerably varied, with the United States leading at 5.46 billion hours in 2023. Following are Canada (0.25336 billion hours), Poland (0.14742 billion hours), and Spain (0.09701 billion hours). Notable increases in 2023 include New Zealand (4.13%), Canada (3.6%), and Poland (3.25%). Conversely, declines were observed in Slovakia (-3.38%), Hungary (-1.83%), and the Netherlands (-1.11%). Canada's stronger growth contrasts with flat performance in countries like Italy (-0.76%) and moderate growth in Sweden (2.87%).
Future trends to watch for in the global insurance and pension funding sector include technological integration driving efficiency, an increasing emphasis on sustainability, and demographic shifts influencing market demands. The sector is likely to see further consolidation and strategic partnerships, particularly in markets experiencing high growth or significant declines, as companies aim to leverage new opportunities and mitigate risks.
Top countries in Employees in Insurance, Reinsurance and Pension Funding Sector by Country
| # | 10 Countries | Million Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 5,460 | 2023 | +1.2% | +1.55% | View data |
| 2 | 2 Canada | 253.36 | 2023 | +2.31% | +3.6% | View data |
| 3 | 3 Poland | 147.42 | 2023 | +1.74% | +3.25% | View data |
| 4 | 4 Spain | 97.01 | 2023 | +0.54% | +2.04% | View data |
| 5 | 5 Netherlands | 87.11 | 2023 | -0.34% | -1.11% | View data |
| 6 | 6 Italy | 79.52 | 2023 | -0.18% | -0.76% | View data |
| 7 | 7 Ireland | 45.1 | 2023 | +0.7% | +2.57% | View data |
| 8 | 8 Sweden | 39.14 | 2023 | 0% | +2.87% | View data |
| 9 | 9 Romania | 38.48 | 2023 | +8.23% | +2.18% | View data |
| 10 | 10 Denmark | 32.86 | 2023 | -0.16% | +2.86% | View data |
