Forecast: Employment in Non-Life Insurance Sector in Finland

The employment in the non-life insurance sector in Finland has exhibited a dynamic trend from 2013 to 2023. The sector saw a continuous decline in employment from 8.62 thousand in 2013 to a low of 5.31 thousand in 2018, reflecting a significant annual reduction. However, post-2018, the trend shifted towards a stable and modest increase, reaching 5.47 thousand in 2023. The year-on-year variations in the last two years were steady at 0.33% per year, while the CAGR over the last 5 years stood at 0.61%, indicating a return to growth. The forecast for 2028 suggests a continued, albeit slow, growth with a 5-year CAGR of 0.25% and a total 5-year growth rate of 1.28%.

Future trends to watch for in the Finnish non-life insurance sector include the impact of digital transformation, automation, and AI integration on employment. Additionally, regulatory changes and evolving consumer preferences towards personalized insurance services may also significantly influence employment dynamics in the sector.