The total hours worked in the Insurance, Reinsurance, and Pension Funding sectors in the US is forecasted to rise from 2024 to 2028. Starting at 3.18 billion hours in 2024, it is expected to reach 3.28 billion hours by 2028. Year-on-year growth rates remain stable, demonstrating consistent expansion with a modest CAGR over the five-year forecast period. As of 2023, the hours stood slightly below the 2024 forecast, indicating a steady increase moving forward.
Future trends to watch for include technological advancements leading to automation, which may impact labor requirements despite overall growth in the sector. Additionally, regulatory changes and economic conditions could influence these forecasts.
