From 2013 to 2023, the wages and salaries in the Non-Life Insurance sector in the Netherlands saw fluctuations with significant growth recovering from a sharp drop in 2016. The series stood at €957.2 million in 2023. Year-on-year variations over the last two years were 2.64% in 2022 and 2.55% in 2023, reflecting a steady growth trend. The 5-year CAGR from 2018 to 2023 indicates an impressive average annual growth of 14.09%.
Forecasts from 2024 to 2028 suggest continued growth, albeit at a slower pace, with a 5-year CAGR of 1.81% predicted for 2028, representing an overall growth rate of 9.37% during this period.
Future trends to watch for include the impact of technological advancements, regulatory changes, and market consolidation on labor costs within the Non-Life Insurance sector in the Netherlands.
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