The US insurance industry experienced a 6% rise in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Progressive with 3,398 job postings according to GlobalData’s analysis of insurance company job postings. 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.
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Notably, Business and Financial Operations Occupations jobs accounted for a 19% share of the US insurance industry new job postings in Q2 2024, down by 0.73% 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 19% of the total new job postings in Q2 2024 and were up by 8% year-on-year. Second highest were Sales and Related Occupations, which accounted for 17% and rise by 103% year-on-year, and third highest were Management Occupations, which were 23% of the new job postings and 4% lower year-on-year.
Top five companies in insurance industry accounted for 27% of hiring activity
The highest number of jobs were posted by Progressive with 3,398, followed by Freeway Insurance Services Amercia with 2,858, while the highest increase was at Chubb at 79%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
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