The employment in the insurance, reinsurance, and pension funding sectors in the US demonstrates a consistent upward trend from 2024 to 2028, with the workforce expected to grow from 1.72 million persons in 2024 to 1.77 million in 2028. As of 2023, the sector employed approximately 1.71 million people. Year-on-year employment is forecasted to rise modestly, with a 0.58% increase in 2025 and slightly more in subsequent years, culminating in a compound annual growth rate (CAGR) of around 0.72% over this five-year period.
Future trends to watch for include the impact of automation and digital transformation on employment. Increasing shifts towards technology may transform job roles, making it crucial for employees to upskill. Additionally, regulatory changes and economic conditions will also be key factors influencing future employment numbers in this sector.
