Forecast: Employment in Reinsurance Sector in the Netherlands

The employment in the reinsurance sector in the Netherlands experienced significant volatility from 2014 to 2023, with notable declines and occasional years of rebound. In 2023, the number of Full-Time Equivalent (FTE) employees stood at 12, the same as in 2022 and 2021, marking a period of stability following a sharp decline from 54 FTEs in 2015. Over the last five years, employment in the sector has seen an average annual decrease of 12.94%. The forecast for employment in the sector indicates a continuing downward trend, predicting a reduction to 6 FTEs by 2028, translating to an average forecasted annual decline (CAGR) of 9.71% and an overall decline of 40% from 2023 to 2028.

The trends indicate a shrinking reinsurance sector in terms of employment, driven by various factors such as automation, consolidation, and possibly a shift towards alternative risk transfer mechanisms. Future trends to watch for include the impact of digital transformation, regulatory changes, market consolidation, and evolving risk landscapes on employment within the sector.