Forecast: Number of Persons Employed in Non-Life Insurance Sector in France

In 2023, the number of persons employed in the non-life insurance sector in France stood at 107.87 thousand employees. Analyzing the data from 2013 to 2023 shows a notable trend. Initially, from 2013 to 2017, there was a declining trend in employment, with a peak decline of -2.47% year-on-year in 2016. However, from 2019 onwards, there has been a positive growth trajectory noted, with a Compound Annual Growth Rate (CAGR) averaging around 1.63% over the last five years.

The forecast for the next five years suggests a steadier increase in employment numbers, with an estimated CAGR of 1.15%, reaching around 115.95 thousand employees by 2028. This indicates a less aggressive but steady growth pattern compared to the last five years.

Future trends to watch for include potential technological advancements within the sector, regulatory changes, and economic factors that could influence insurance demand. Additionally, the increasing significance of digital transformation and cybersecurity within the industry may create new job roles and thus influence employment rates further.