Forecast: Employment in Non-Life Insurance Sector in Denmark

Employment in Denmark's Non-Life Insurance sector saw notable fluctuations over the past decade. Starting at 11.82 thousand FTEs in 2013, it climbed to 13.53 thousand in 2014 but then declined before stabilizing between 12.71 and 13.05 thousand from 2019 to 2022. The sharpest drop occurred in 2018, falling to 8.21 thousand, while employment rebounded strongly in 2019 by 54.85%. By 2023, the sector had regained its stability, standing at 13.28 thousand with a positive year-on-year change of 1.97% and a CAGR of 10.09% over the past five years.

Future trends to watch for include:

• Continued steady growth forecasted at a 5-year CAGR of 1.42%, reaching 14.52 thousand by 2028.
• Potential impacts from technological advancements and regulatory changes affecting sector employment.
• Influence of economic conditions on insurance demand and workforce requirements.