The number of persons employed in the life insurance sector in Poland has shown a steady growth trend over the past decade. In 2013, there were 12.04 thousand employees, and this number grew to 16.61 thousand in 2023. From 2014 to 2023, the year-on-year variations mostly indicate positive growth, with significant increases in 2017 (6.73%) and 2018 (7.6%). The compound annual growth rate (CAGR) over the last five years leading up to 2023 is approximately 2.95%.

From 2024 onwards, forecasts suggest a continuation of this upward trend, with the number of employees expected to reach 18.62 thousand by 2028. The forecasted 5-year CAGR for this period is 1.81%, representing a forecasted growth rate of 9.4% by 2028.

Future Trends to Watch For:

Technological advancements: Automation and AI could significantly impact job roles and the skill sets required in the industry.
Regulatory changes: Alterations in insurance regulations could affect employment trends.
Market expansion: The entry of new firms or the growth of existing ones could drive further employment growth.