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

The number of persons employed in the non-life insurance sector in Italy has shown moderate fluctuations from 2013 to 2023, rising from 25.12k to 25.48k employees. Significant year-on-year variations include a drop of 3.71% in 2015, followed by various smaller increases and decreases, with the employment figure rising incrementally by 0.2% in both 2022 and 2023. The 5-year CAGR over this period is a modest 0.69%, reflecting a generally stable employment trend.

Looking into the future, forecasts project a positive albeit slow growth in employment in the sector, with an estimated CAGR of 0.15% from 2024 to 2028, and an overall growth rate of 0.73% over the same period. This suggests a steady but minimal increase in the workforce.

Future trends to watch for include:

• Technological advancements and digital transformations impacting job roles and employment needs.
• Regulatory changes within the industry potentially affecting workforce requirements.
• Economic factors influencing insurance demand and, in turn, employment in the sector.
• Corporate strategies towards automation and operational efficiency possibly affecting employment rates.