The employment in the life insurance sector in the Netherlands has shown a consistent decline over the past decade. From 2013 to 2023, the sector saw a reduction from 6.48 thousand FTE to 3.36 thousand FTE, reflecting a significant downward trend. Year-on-year variations depict notable decreases, particularly from 2017 onwards, with an average CAGR of approximately -9.13% from 2018 to 2023.
Future trends to watch for include:
• Continuing decrease in employment, with a forecasted CAGR of -6.73% over the next five years, predicting employment at 2.17 thousand FTE by 2028.
• Technological advancements and increased automation in the life insurance sector.
• Possible shifts in consumer preferences and regulatory changes impacting the market dynamics.
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