The number of persons employed in the reinsurance sector in Germany has shown a fluctuating but overall upward trend over the last decade. In 2023, the number of employees stood at 22.01 thousand. Key milestones include a significant increase in 2017 (33.71%) and steady growth from 2018 onwards, with CAGR peaking in 2021 at 13.02%. Recent years 2022 and 2023 saw moderate year-on-year increases of 4.8% and 4.55% respectively.
Looking ahead, the forecast suggests continued growth in employment in the reinsurance sector, with a projected CAGR of 3.09% over the next five years and an overall growth rate of 16.41% by 2028.
Trends to watch for:
- Technological advancements and their impact on labor demand.
- Regulatory changes influencing reinsurance operations.
- Global risk factors affecting the reinsurance market dynamics.
- Emerging markets and their role in the global reinsurance workforce.
