In 2023, the number of employees in the Insurance, Reinsurance, and Pension Funding sector in Belgium stood at 23.7 thousand units. Forecast data indicates a slight but steady decline: 23.6 thousand in 2024, 23.5 thousand in 2025, 23.4 thousand in 2026, 23.2 thousand in 2027, and 23.1 thousand in 2028. This represents year-on-year declines of approximately 0.4% to 0.6%. The Compound Annual Growth Rate (CAGR) over the five-year period (from 2024 to 2028) suggests a modest average decline of around 0.5% per year.
The following trends are worth monitoring:
- Impact of technological advancements and automation on workforce requirements.
- Economic and regulatory changes influencing sector stability and employment.
- Changing demographic trends affecting insurance and pension needs.
