The number of persons employed in the non-life insurance sector in Finland has seen a marked decline from 2013 onwards, with employment falling from 9.62 thousand in 2013 to 6.03 thousand in 2023. Year-on-year variations over this period exhibit sharp declines initially, with a 15.38% reduction in 2015 followed by a 16.06% decrease in 2016. In recent years, the rate of decline has moderated significantly, with minor reductions of less than 1% observed annually since 2020. The Compound Annual Growth Rate (CAGR) shows a decelerating trend, from -8.47% between 2013 and 2018 to -0.47% in the last five years leading up to 2023.
Future trends to watch for include a continued marginal decline in employment, with forecast data predicting a 0.12% average annual decrease through 2028. Technological advancement and increased efficiency may further impact employment in this sector. Monitoring digital transformation and regulatory changes within the insurance industry will be crucial in understanding future employment dynamics.
