In Poland, the wages and salaries in the insurance, reinsurance, and pension funding sector have shown fluctuations over the past decade. The most recent actual data for 2023 stands at 3.05 billion Zloty. There was a period of significant variability, with noticeable decreases in 2014 and 2015, contrasting with some recovery and moderate increases from 2016 onward. Notably, there was an 18.3% year-on-year increase in 2016, followed by a more steady and moderate growth pattern in the subsequent years.
Over the last two years leading up to 2023, the sector experienced modest growth with year-on-year variations of 2.7% in 2022 and 2.56% in 2023. Reviewing the five-year CAGR for the period from 2018 to 2023, there was an average annual growth of 3.96%. Looking forward, the forecast predicts a consistent yet modest growth trend, with a forecasted five-year CAGR of 1.76% attributing to a total increase around 9.1% by 2028.
Future trends to watch for include the impact of regulatory changes, digital transformation within the sector, and economic conditions in Poland which could influence wages and salaries in the insurance, reinsurance, and pension funding sector.
