The number of persons employed in the insurance, reinsurance, and pension funding sector in Germany is projected to decline from 149.16 thousand in 2024 to 145.47 thousand in 2028. This decrease marks a year-on-year decline averaging around 0.96% per year over the five-year period, reflecting a slow but steady downward trend. In comparison to 2023, the sector already faced a shrinking workforce.
Future trends to watch for include digital transformation impacting workforce needs, shifts towards automation, and industry consolidation which could further influence employment levels. Staying abreast of emerging technologies and new regulatory environments will be vital for stakeholders.
