Based on the provided data, the employment in the life insurance sector in Norway is forecasted to decrease slightly from 2024 to 2028. The value for 2023 stood at 2.84 thousand full-time equivalents. Year-on-year variations are minor, with a decrease of approximately 0.35% from 2024 to 2025, remaining stable from 2025 to 2026, and then decreasing by roughly 0.35% each subsequent year up to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates an average annual decrease in employment of about 0.35%.
Future trends to watch for:
- Digital transformation and automation, potentially leading to further workforce reductions.
- Regulatory changes impacting employment dynamics.
- Market consolidation and mergers that could influence sector employment.
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