The British insurance industry experienced an 11% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Arthur J. Gallagher & Co with 590 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q4 2023 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.
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Notably, Business and Financial Operations Occupations jobs accounted for an 18% share of the British insurance industry new job postings in Q4 2023, up by 6% over the prior quarter.
Business and Financial Operations Occupations drive insurance industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Business and Financial Operations Occupations, which accounted for 18% of the total new job postings in Q4 2023 and were down by 23% year-on-year. Second highest were Management Occupations, which accounted for 17% and drop by 24% year-on-year, and third highest were Computer and Mathematical Occupations, which were 9% of the new job postings and 40% lower year-on-year.
Top five companies in insurance industry accounted for 35% of hiring activity
The highest number of jobs were posted by Arthur J. Gallagher & Co with 590, followed by AXA with 403, while the highest increase was at Direct Line Insurance Group at 2%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 2023, buy the report here.
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