Notably, Management Occupations jobs accounted for a 20% share of the global insurance industry’s corporate governance-related total new job postings in Q2 2023, down 68% over the prior quarter.

Management Occupations drive corporate governance-related hiring activity

Management Occupations, with a share of 20%, emerged as the top corporate governance-related job roles within the insurance industry in Q2 2023, with new job postings drop by 68% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 20% in Q2 2023, with new job postings dropping by 35% over the previous quarter.

The other prominent corporate governance roles include Computer and Mathematical Occupations with a 12% share in Q2 2023, Office and Administrative Support Occupations with a 5% share of new job postings.

Top five companies in insurance industry accounted for 32% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Arthur J. Gallagher & Co, Tata AIG General Insurance, Marsh & McLennan, UnitedHealth Group, and Lincoln National. Together they accounted for a combined share of 32% of all corporate governance-related new jobs in the insurance industry.

Arthur J. Gallagher & Co posted 402 corporate governance-related new jobs in Q2 2023, Tata AIG General Insurance 366 jobs, Marsh & McLennan 347 jobs, UnitedHealth Group 334 jobs, and Lincoln National 309 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 58.92% share of total new job postings, Q2 2023

The largest share of corporate governance-related new job postings in the insurance industry in Q2 2023 was in the US with 58.92% followed by India (8.54%) and the UK (6.72%). The share represented by the US was 18 percentage points higher than the 41.37% share it accounted for in Q1 2023.

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This content was updated on 24 July 2023

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