Europe witnessed a 6.0% rise in IT hiring activity in the insurance industry in May 2021 compared with the previous month, according to GlobalData’s Job Analytics index.

May 2021 has seen an increase of 7.41% in the overall hiring activity when compared with April 2021.

IT jobs accounted for an 11.42% share in the industry’s total hiring activity in May 2021, registering decrease of 0.07% over the last three-month average share.

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

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Europe with a share of 47.6% in May 2021, a 5.05% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 20.8% in May 2021, marking a 22.77% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 14.8% in May 2021, a 1.77% drop from April 2021.

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Computer and Information Analysts registered a share of 9.33% in May 2021, an 84.21% rise over the previous month.

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

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 15.65% in the overall IT recruitment activity of Europe’s insurance industry during May 2021 over previous month.

Swiss Re posted 93 IT jobs in May 2021 and registered a an increase of 13.41% over the previous month, followed by Allianz with 89 jobs and a 56.14% growth. Zurich Insurance Group with 70 IT jobs and Equitable with 53 jobs, recorded a 4.11% decline and a 48.04% drop, respectively, while AXA recorded a 57.89% decline with 40 job postings during May 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 29.47% share in May 2021, a 14.51% rise over April 2021. France featured next with a 10.53% share, down 50.63% over the previous month. Germany recorded a 9.73% share, a growth of 28.07% compared with April 2021.

Junior Level job postings dominate in May 2021

Junior Level jobs held a share of 79.07%, down by 1.98% from April 2021. Mid Level positions with a 13.33% share, a decline of 2.91% compared with the previous month.

In the third place was Entry Level job ads with 7.2% share, down 12.9% over April 2021, while Senior postings accounted for 0.4%, recording a month-on-month decline of 57.14%.