The employment in the non-life insurance sector in Sweden has shown a consistent decline from 2013 to 2023, dropping from 14.36 thousand full-time equivalents (FTE) in 2013 to 6.2 thousand FTE in 2023. Significant year-on-year decreases were observed post-2017, with the most substantial drop of 22.85% occurring in 2018. By 2023, the employment value stood at 6.2 thousand FTE, reflecting a year-on-year decrease of 12.05% and a 5-year CAGR of -11.2%. This points to a shrinking workforce in this sector.

Future trends to watch for include:

Expected continued decline in employment, reaching an estimated 2.08 thousand FTE by 2028.
A forecasted 5-year CAGR of -17.28% between 2024 and 2028.
Technological advancements and automation likely to accelerate employment declines.