Forecast: Number of Persons Employed of Non Life Insurance in Belgium

Analyzing the employment trends in Belgium's non-life insurance sector from 2013 to 2023, it is evident that the number of employed individuals has generally increased, standing at 3.23 thousand employees in 2023. Year-on-year changes presented a mixed pattern, with notable increases in 2019 and slight fluctuations in subsequent years. The average annual growth rate over the past five years (CAGR) is around 1.92%.

Looking forward, the forecast indicates continuous growth, reaching 3.39 thousand employees by 2028. Future years are expected to exhibit a slower growth pace with a five-year CAGR forecast of 0.77%, reflecting steady but minimal expansion.

Future Trends to Watch For:

• Technological advancements and digitalization in the insurance sector.
• Impact of regulatory changes on employment dynamics.
• Economic factors influencing the non-life insurance market.