The number of persons employed in the non-life insurance sector in Austria stood at 24.9 thousand in 2023. This represents a consistent upward trend from 2013, with significant growth observed from 2018 onwards. Year-on-year variation for 2022 was 2.13%, and for 2023 it was 2.06%. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was 1.35%. Forecast data from 2024 onwards predicts continued growth, with a 5-year CAGR of 1.49% and an overall growth rate of 7.66% by 2028.

Future trends to watch for include:

Continued digitization and automation within the insurance sector
Emerging needs for specialized insurance products due to evolving risks
Potential impact of regulatory changes and economic conditions on employment and industry growth