The number of persons employed in the life insurance sector in Poland has shown a steady increase from 2013 to 2023, reaching 16.61 thousand employees in 2023. Over the past decade, the sector exhibited both periods of slower and more rapid growth. The highest year-on-year increase was in 2018 with a 7.6% rise. The last two years saw year-on-year variations of 2.66% in 2022 and 2.56% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years stood at 2.95%, indicating a stable but moderate expansion in the workforce.
Looking forward, forecasts predict a continuation of this trend, with the number of employees expected to reach 18.62 thousand by 2028. The forecasted CAGR for the next five years is 1.81%, suggesting a growth rate of about 9.4% from 2024 to 2028.
Future trends to watch for include the impact of digital transformation and automation in the insurance sector, potential shifts in regulatory frameworks, and evolving customer expectations which could influence employment needs and skills requirements within the industry.
