Analysis of the employees in the Insurance, Reinsurance and Pension Funding sector in Finland reveals notable trends. From 2013 to 2023, the sector exhibited significant fluctuations in working hours, peaking and dropping at various points. The nadir was in 2016 with a steady recovery post-2017. By 2023, working hours stood at 13.6 million, reflecting a 0% year-on-year variation from 2022 and a 1.54% compound annual growth rate (CAGR) for the last five years. However, the forecast from 2024 onwards predicts a stabilization with a projected 13.7 million hours annually and no further growth or decline.
Future trends to watch for in this sector include:
- Impact of digital transformation and technology on sector employment.
- Changes in regulatory frameworks affecting operational scopes.
- Economic factors influencing the demand for insurance and pension services.
- Potential talent shortages or surpluses owing to demographic shifts.
