The self-employed workforce in the UK's insurance, reinsurance, and pension funding sector is expected to grow from 5.92 thousand in 2024 to 6.05 thousand by 2028. This shows a steady increase, with year-on-year variation percentages ranging between approximately 0.51% and 0.57%. The compound annual growth rate (CAGR) over this five-year period is estimated to be around 0.55%. In 2023, the actual number of self-employed in this sector was slightly lower, marking a consistent upward trend starting in 2024.
Future trends to watch for include potential shifts caused by regulatory changes in the financial sector, digital transformation's impact on job roles, and macroeconomic factors affecting entrepreneurial growth within the industry. Additionally, technological advances and evolving consumer preferences could further shape the landscape for self-employed professionals in coming years.
