The forecast for wages and salaries in the Insurance, Reinsurance, and Pension Funding sector in Germany shows a steady annual increase from €10.41 billion in 2024 to €10.66 billion in 2028. With 2023 as the base year, where the value stood at €10.35 billion, the year-on-year growth rates show a consistent upward trend: approximately 0.58% from 2024 to 2025, 0.57% from 2025 to 2026, 0.66% from 2026 to 2027, and 0.57% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period is estimated to be 0.59%.

Future trends to watch for:

Impact of digital transformation on cost structures and workforce demand in the insurance sector.
Potential influence of inflationary pressures on wage negotiations and salary adjustments.
Shift towards more sustainable and socially responsible investment strategies and their effects on the industry’s employment landscape.