The global insurance industry experienced a 15% rise in new job postings related to cloud in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 22% increase versus Q2 2023. 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.
Notably, Computer and Mathematical Occupations jobs accounted for a 47% share of the global insurance industry’s cloud-related total new job postings in Q2 2024, up 21% over the prior quarter.
Computer and Mathematical Occupations drive cloud-related hiring activity
Computer and Mathematical Occupations, with a share of 47%, emerged as the top cloud-related job roles within the insurance industry in Q2 2024, with new job postings rising by 21% quarter-on-quarter. Management Occupations came in second with a share of 11% in Q2 2024, with new job postings rising by 21% over the previous quarter.
The other prominent cloud roles include Architecture and Engineering Occupations with a 4% share in Q2 2024, Business and Financial Operations Occupations with a 3% share of new job postings.
Top five companies in insurance industry accounted for 29% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Chubb, Government Employees Insurance, Allianz, Dai-ichi Life, and AXA. Together they accounted for a combined share of 29% of all cloud-related new jobs in the insurance industry.
Chubb posted 661 cloud-related new jobs in Q2 2024, Government Employees Insurance 344 jobs, Allianz 292 jobs, Dai-ichi Life 267 jobs, and AXA 242 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 46.31% share of total new job postings, Q2 2024
The largest share of cloud-related new job postings in the insurance industry in Q2 2024 was in the US with 46.31% followed by India (12.12%) and the UK (6.74%). The share represented by the US was one percentage point lower than the 47.07% share it accounted for in Q1 2024.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
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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.
