Forecast: Number of Persons Employed in Non-Life Insurance Sector in Poland

The number of persons employed in the non-life insurance sector in Poland experienced a fluctuating trend from 2013 to 2023. Starting from 25.52 thousand in 2013, it saw a dip to 23.01 thousand in 2015 before gradually rising to 29.38 thousand in 2023, with notable upward movements from 2016 onwards.

As of 2023, the number of employees stood at 29.38 thousand. The sector showed a moderate year-on-year growth of 1.93% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) was 1.9%.

Future trends indicate a continued growth trajectory with a forecasted CAGR of 1.4% over the next five years, projecting the number of employees to reach 32.1 thousand by 2028. This represents an overall growth rate of 7.22% from 2023 to 2028.

Future trends to watch:

• Technological advancements driving operational efficiencies and possibly influencing employment dynamics.
• Regulatory changes impacting the sector's employment requirements.
• Shifts in market demand and the economic climate affecting growth rates.