The global distribution of employees in the insurance, reinsurance, and pension funding sector is dominated by the United States, which has 2.8 million employees. Major European markets such as France, Germany, and the United Kingdom have significantly lower employment, standing at 0.183, 0.164, and 0.10058 million respectively. Emerging markets like Poland (0.0737 million) and Romania (0.0204 million) show promising growth rates. In 2023, notable year-on-year variations included strong gains in Canada (3.55%) and Ireland (4.85%), while the Netherlands (-4.45%) and Belgium (-0.74%) faced declines.
Future trends to watch in this sector include:
• Continued growth in emerging markets as they develop their insurance sectors.
• Potential declines in traditional European markets facing regulatory changes and economic pressures.
• Increased automation and digital transformation impacting headcounts in developed markets.
Top countries in Employees in Insurance, Reinsurance and Pension Funding Sector by Country
| # | 10 Countries | Thousand Units (Persons) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,800 | 2023 | +0.83% | +0.74% | View data |
| 2 | 2 France | 183 | 2023 | +0.55% | +0.9% | View data |
| 3 | 3 Germany | 164 | 2023 | +1.86% | +1.27% | View data |
| 4 | 4 Canada | 148.44 | 2023 | +2.23% | +3.55% | View data |
| 5 | 5 United Kingdom | 100.58 | 2023 | -0.55% | -0.39% | View data |
| 6 | 6 Poland | 73.7 | 2023 | +1.94% | +2.7% | View data |
| 7 | 7 Spain | 56.6 | 2023 | 0% | +0.47% | View data |
| 8 | 8 Netherlands | 47 | 2023 | -4.08% | -4.45% | View data |
| 9 | 9 Italy | 45.1 | 2023 | 0% | +0.18% | View data |
| 10 | 10 Ireland | 27.76 | 2023 | +3.82% | +4.85% | View data |
