The global insurance industry experienced a 14% rise in new job postings related to corporate governance in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Corporate Governance in Insurance – Hiring Activity in Q3 2022. This compares to a 23% increase versus Q3 2021.
Notably, Marketing and Sales Managers jobs accounted for a 14% share of the global insurance industry’s corporate governance-related total new job postings in Q3 2022, up 32% over the prior quarter.
Marketing and Sales Managers, with a share of 14%, emerged as the top corporate governance-related job roles within the insurance industry in Q3 2022, with new job postings rising by 32% quarter-on-quarter. Public Relations and Fundraising Managers came in second with a share of 8% in Q3 2022, with new job postings rising by 852% over the previous quarter.
The other prominent corporate governance roles include Claims Adjusters, Appraisers, Examiners, and Investigators with a 4% share in Q3 2022, Financial Analysts and Advisors with a 3% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were Tata AIG General Insurance, UnitedHealth Group, Arthur J. Gallagher and Marsh & McLennan Companies. Together they accounted for a combined share of 91% of all corporate governance-related active jobs in the insurance industry.
Tata AIG General Insurance posted 3,856 corporate governance-related new jobs in Q3 2022, UnitedHealth Group 463 jobs, Arthur J. Gallagher 440 jobs, and Marsh & McLennan Companies 382 jobs, according to GlobalData’s Job Analytics.
The largest share of corporate governance-related new job postings in the insurance industry in Q3 2022 was in the US with 44% followed by India (38%) and the UK (3%). The share represented by the US was nine percentage points lower than the 52% share it accounted for in Q2 2022.