The number of persons employed in the life insurance sector in France has seen fluctuations over the past decade, starting at 46.3 thousand in 2013 and standing at 41.58 thousand in 2023. The most significant drop occurred between 2014 and 2015, with a year-on-year decrease of 22.17%. Post-2016, the employment figures have seen steady declines annually, averaging a -0.77% CAGR in projected forecasts from 2024 to 2028, with anticipated gradual decreases down to 39.62 thousand in 2028.
Key Trends:
- Significant drop in employment in 2015.
- Minor rebounds in 2016 and 2021.
- General declining trend from 2017 onwards.
Future trends to watch for include the impact of digital transformation and automation in the life insurance sector, potentially leading to further reductions in employment. Additionally, shifts in demographic trends and regulatory changes could affect the workforce demands within the industry.
