Forecast: Number of Persons Employed in Life Insurance Sector in Norway

The number of persons employed in the life insurance sector in Norway showed a relatively stable trend with a slight decrease from 2.83 thousand employees in 2024 and 2025 to 2.82 thousand employees in 2026, eventually declining to 2.81 thousand employees in 2027 and 2028. This indicates a relatively minor year-on-year drop in employment in the sector.

When comparing the variations over the last two years, the employment rate decreased by approximately 0.35% from 2026 to 2027 and remained steady through 2028. The Compound Annual Growth Rate (CAGR) over the last five years is minor, suggesting the sector is experiencing a slow but stable decline in terms of employment numbers.

Future trends to watch for include:

• Impact of automation and digital transformation on employment.
• Shifts in market demand for life insurance products.
• Regulatory changes and their effect on the sector's operational dynamics.