In 2023, the number of persons employed in the non-life insurance sector in Germany stood at approximately 109,000 employees. The forecast from 2024 to 2028 shows a gradual decline—from 108.62 thousand in 2024 to 106.01 thousand in 2028. This reflects a negative compound annual growth rate (CAGR) indicating an average reduction per year over the given period. Year-on-year analysis shows a consistent decrease, underscoring sector adjustments possibly due to automation and efficiency improvements.
Future trends to monitor include:
- Adoption of digital technologies and its impact on employment figures.
- Regulatory changes and their potential effect on workforce needs.
- Economic shifts impacting the insurance sector and workforce demand.
