The employment in the Insurance, Reinsurance, and Pension Funding sector in Germany is forecasted to decrease from 132,000 persons in 2024 to 116,000 persons by 2028. This marks a consistent annual decline in workforce numbers. Between 2024 and 2025, the year-on-year decline is 3.03%, followed by 3.13% from 2025 to 2026, 3.23% from 2026 to 2027, and 3.33% from 2027 to 2028. The compound annual growth rate (CAGR) for this period reveals an average annual decrease of approximately 3.18%.
Future trends to watch for:
- Technological advancements in automation and artificial intelligence may further impact employment dynamics.
- Regulatory changes and economic shifts could influence hiring practices in the sector.
- Diversification of services and digital transformation may create new opportunities and require different skill sets.
- The aging population in Germany could increase demand for pension-related services, potentially mitigating some job losses.
