The insurance, reinsurance, and pension funding workforce landscape shows varied growth patterns across countries in 2023. South Korea leads with 23.8 thousand employees but sees a decline of 1.32%. Meanwhile, Poland, Ireland, and Luxembourg exhibit increased employment, with Poland's workforce expanding by 2.81%. Significant employment declines are observed in Hungary at 5.97% and Finland at 1.84%. Other noteworthy trends include Germany's workforce reduction by 2.46% and robust growth in New Zealand at 1.86%.
Looking forward, technological advancements, regulatory changes, and demographic shifts will likely influence employment dynamics. As countries adapt to automation and expand their digital infrastructures, workforce distribution may shift further, with potential growth in markets emphasizing innovation and digital transformation.
Top countries in Number of Employees in Insurance, Reinsurance and Pension Funding Share by Country (Thousand Units (Persons))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 23.8 | 2023 | -1.24% | -1.32% | View data |
| 2 | 2 France | 16.46 | 2023 | 0% | +0.23% | View data |
| 3 | 3 Germany | 12.65 | 2023 | -2.86% | -2.46% | View data |
| 4 | 4 United Kingdom | 9.75 | 2023 | -0.65% | +0.44% | View data |
| 5 | 5 Poland | 6.89 | 2023 | +2.07% | +2.81% | View data |
| 6 | 6 Spain | 5.11 | 2023 | 0% | -0.15% | View data |
| 7 | 7 Netherlands | 4.93 | 2023 | -3.64% | -1.79% | View data |
| 8 | 8 Italy | 4.16 | 2023 | -0.22% | 0% | View data |
| 9 | 9 Austria | 2.55 | 2023 | -0.32% | -0.32% | View data |
| 10 | 10 Belgium | 2.24 | 2023 | -0.41% | -0.49% | View data |
