Forecast: Wages and Salaries of Reinsurance in France

The wages and salaries in the reinsurance sector in France stood at 216 million Euros in 2023, reflecting a year-on-year increase of 4.85%. Over the last five years, the industry has experienced a Compound Annual Growth Rate (CAGR) of 1.65%, indicating steady but moderate growth after recovering from a low point in 2019.

Historical analysis reveals significant fluctuations, including a sharp decline in 2019 with a 19.6% drop, followed by a gradual recovery. Particularly noteworthy years include 2014, which saw a substantial 23.31% increase, while 2017 experienced a slight contraction of -2.86%.

Future trends to watch for include:

  • Expected annual growth with a forecasted 5-year CAGR of 1.56% and an overall growth of 8.04% by 2028.
  • Potential impact of economic conditions and regulatory changes on wage structures.
  • Technological advancements and their influence on labor demand and salaries within the reinsurance sector.

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