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October 5, 2021

Europe’s insurance industry IT hiring activity drops 1.4% in August 2021

By Verdict Staff

Europe witnessed a 1.4% drop in IT hiring activity in the insurance industry in August 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

August 2021 has seen a decrease of 4.18% in the overall hiring activity when compared with July 2021.

IT jobs accounted for a 13.88% share in the industry’s total hiring activity in August 2021, registering an increase of 0.87% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in August 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Europe with a share of 54.68% in August 2021, a 2.89% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 19.81% in August 2021, marking a 21.93% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 13.57% in August 2021, a 2.91% drop from July 2021.

Computer and Information Analysts registered a share of 6.78% in August 2021, a 15.25% decline over the previous month.

Top five insurance companies in Europe’s IT recruitment activity in August 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 9.14% in the overall IT recruitment activity of Europe’s insurance industry during August 2021 over previous month.

Zurich Insurance Group posted 173 IT jobs in August 2021 and registered an increase of 58.72% over the previous month, followed by Swiss Re with 104 jobs and a 30% growth. Allianz with 85 IT jobs and Willis Towers Watson with 39 jobs, recorded a 22.02% drop and a 34.48% rise, respectively, while AXA recorded a 56.72% decline with 29 job postings during August 2021.

Country-wise composition of IT hiring in Europe’s insurance industry

The UK commanded a leading presence in the region’s insurance industry IT hiring activity with a 29.04% share in August 2021, an 18.94% decrease over July 2021. Germany featured next with a 17.91% share, up 13.79% over the previous month. Slovakia recorded a 10.04% share, a growth of 72.09% compared with July 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 74.63%, down by 8.49% from July 2021. Mid Level positions with a 14.25% share, registered a decline of 22.79% compared with the previous month.

In the third place was Entry Level job ads with 9.23% share, down 8.11% over July 2021, while Senior postings accounted for 1.9%, recording a month-on-month growth of 180%.

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