Asia-Pacific witnessed a 1.5% rise in IT hiring activity in the insurance industry in July 2021 compared with the previous month, according to GlobalData’s Job Analytics index.
July 2021 has seen an increase of 20.47% in the overall hiring activity when compared with June 2021.
IT jobs accounted for a 13.48% share in the industry’s total hiring activity in July 2021, registering decrease of 1.89% over the last three-month average share.
Software and Web Developers, Programmers, and Testers Occupations leads by classification in July 2021
Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 62.36% in July 2021, a 1.02% growth over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 15.75% in July 2021, marking an 8.7% month-on-month increase. In the third place was Database and Network Administrators and Architects with a share of 10.24% in July 2021, a 4.84% growth from June 2021.
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By GlobalDataComputer and Information Analysts registered a share of 4.57% in July 2021, a 14.71% decline over the previous month.
Top five insurance companies in Asia-Pacific’s IT recruitment activity in July 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 12.17% in the overall IT recruitment activity of Asia-Pacific’s insurance industry during July 2021 over previous month.
UnitedHealth Group posted 189 IT jobs in July 2021 and registered a decline of 3.08% over the previous month, followed by Manulife Financial with 75 jobs and an 11.94% growth. Intercorp Financial Services with 51 IT jobs and Bajaj Finserv with 41 jobs, recorded an 8.51% growth and a flat growth, respectively, while Swiss Re recorded a 13.89% decline with 31 job postings during July 2021.
Country-wise composition of IT hiring in Asia-Pacific’s insurance industry
India commanded a leading presence in the region’s insurance industry IT hiring activity with a 46.14% share in July 2021, an 8.92% rise over June 2021. Australia featured next with a 15.28% share, down 3.96% over the previous month. Philippines recorded a 13.86% share, a drop of 5.38% compared with June 2021.
Junior Level job postings dominate in July 2021
Junior Level jobs held a share of 64.41%, up by 4.6% from June 2021. Mid Level positions with a 28.82% share, a decline of 4.69% compared with the previous month.
In the third place was Entry Level job ads with 6.61% share, flat growth over June 2021, while Senior postings accounted for 0.16%, recording a month-on-month decline of 80%.