Employment in the non-life insurance sector in Belgium stood at 3.23 thousand employees in 2023. The sector showed a mixed trend over the years from 2013 to 2023, with the highest growth rate of 9.1% in 2019 and the lowest year-on-year decrease of -2.52% in 2017. The compound annual growth rate (CAGR) for the last five years was 1.92%, indicating a modest but steady increase overall. Although growth varied, the trend from 2018 to 2023 reflects a general upward trajectory with minor fluctuations.
Future trends to watch for include technological advancements, regulatory changes, and evolving customer expectations which may impact employment in the sector. Strong digital innovation and automation could shift job roles, while regulatory environments and economic conditions will also play crucial roles in determining employment patterns.
