The global insurance industry experienced a 14% drop in new job postings related to artificial intelligence in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Artificial Intelligence in Insurance – Hiring Activity in Q3 2022. This compares to an 8% increase versus Q3 2021.

Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 17% share of the global insurance industry’s artificial intelligence-related total new job postings in Q3 2022, down 11% over the prior quarter.

Software and Web Developers, Programmers, and Testers drive artificial intelligence-related hiring activity

Software and Web Developers, Programmers, and Testers, with a share of 17%, emerged as the top artificial intelligence-related job roles within the insurance industry in Q3 2022, with new job postings drop by 11% quarter-on-quarter. Data Scientists came in second with a share of 9% in Q3 2022, with new job postings drop by 18% over the previous quarter.

The other prominent artificial intelligence roles include Database and Network Administrators and Architects with a 6% share in Q3 2022, General and Operations Managers with a 5% share of new job postings.

Top five companies in insurance industry accounted for 12% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were UnitedHealth Group, Swiss Re, Zurich Insurance Group and Acrisure. Together they accounted for a combined share of 12% of all artificial intelligence-related active jobs in the insurance industry.

UnitedHealth Group posted 464 artificial intelligence-related new jobs in Q3 2022, Swiss Re 240 jobs, Zurich Insurance Group 199 jobs, and Acrisure 188 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 59% share of total active job postings, Q3 2022

The largest share of artificial intelligence-related new job postings in the insurance industry in Q3 2022 was in the US with 59% followed by India (9%) and Canada (6%). The share represented by the US was three percentage points higher than the 56% share it accounted for in Q2 2022.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.