Notably, Business and Financial Operations Occupations jobs accounted for a 20% share of the North American insurance industry’s total new job postings in Q1 2024, rise 15% over the prior quarter.

Business and Financial Operations Occupations drive insurance industry hiring activity

Business and Financial Operations Occupations, with a share of 20% new job postings, was the occupation with the greatest hiring activity in the North American insurance industry in Q1 2024 , ahead of Sales and Related Occupations with a 14% share of new job postings.

The other prominent roles included Management Occupations with an 11% share in Q1 2024, Computer and Mathematical Occupations with a 9% share and Office and Administrative Support Occupations with an 8% share of new job postings.

Top five companies accounted for 24% of hiring activity

Progressive posted 3,445 jobs in Q1 2024 and registered a growth of 60% over the previous quarter, followed by Allstate with 2,958 jobs and a 46% growth. Freeway Insurance Services Amercia, with 2,106 jobs, and Elevance Health, with 1,961 jobs, recorded a 28% rise and a 12% rise, respectively, while Dai-ichi Life recorded a 31% increase with a 1,937 new job postings during Q1 2024.

Regional analysis of hiring in the North American insurance industry, Q1 2024

The US held the leading share of the North American insurance hiring activity with a 90.24% share, a 39% increase over Q4 2023. Canada was next with 7.69%, four-percentage-point up over the previous quarter.

For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q1 2024, buy the report here.

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