The global insurance industry experienced a 4% rise in new job postings related to future of work in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 30% increase versus Q2 2023. GlobalData’s Insurance: Hiring Trends & Signals Q2 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the insurance industry, facilitating anticipation of future workforce needs. Buy the report here.
Smarter leaders trust GlobalData
Notably, Computer and Mathematical Occupations jobs accounted for a 22% share of the global insurance industry’s future of work-related total new job postings in Q2 2024, up 21% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 22%, emerged as the top future of work-related job roles within the insurance industry in Q2 2024, with new job postings rising by 21% quarter-on-quarter. Management Occupations came in second with a share of 14% in Q2 2024, with new job postings rising by 2% over the previous quarter.
The other prominent future of work roles include Business and Financial Operations Occupations with a 10% share in Q2 2024, Office and Administrative Support Occupations with a 6% share of new job postings.
Top five companies in insurance industry accounted for 31% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Elevance Health, Chubb, Allianz, Dai-ichi Life, and Kemper. Together they accounted for a combined share of 31% of all future of work-related new jobs in the insurance industry.
Elevance Health posted 1,201 future of work-related new jobs in Q2 2024, Chubb 1,109 jobs, Allianz 489 jobs, Dai-ichi Life 345 jobs, and Kemper 280 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 54.36% share of total new job postings, Q2 2024
The largest share of future of work-related new job postings in the insurance industry in Q2 2024 was in the US with 54.36% followed by India (11.52%) and the UK (5.49%). The share represented by the US was four percentage points lower than the 58.26% share it accounted for in Q1 2024.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
