Forecast: Employment in Non-Life Insurance Sector in the Netherlands

Employment in the non-life insurance sector in the Netherlands has shown a declining trend from 2013 to 2023. In 2023, employment levels stood at 11.42 thousand full-time equivalents (FTEs), down from 16.73 thousand FTEs in 2013. The variation in employment indicates a year-on-year decline ranging from -12.11% in 2016 to -0.18% in 2019. Over the last two years, the sector saw a contraction of -3.28% in 2022 and -3.22% in 2023. The average annual variation over the last five years recorded a decline of -2.72%.

Forecasts suggest this downward trend will persist, with employment expected to fall to 9.78 thousand FTEs by 2028. The forecasted average annual decline for the next five years is estimated at -2.43%, indicating an overall growth rate of -11.57% from 2024 to 2028.

Future trends to watch for include the impact of automation and digitalization on employment, shifts towards remote working, and the potential rise of insurtech startups reshaping the sector. The sector may need to adapt to these changes to navigate the ongoing decline in traditional employment.