The global insurance industry experienced a 14% drop in new job postings related to corporate governance in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 36% increase versus Q1 2022. Corporate Governance is a priority in most of the industries today including Insurance. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
Notably, Management Occupations jobs accounted for a 30% share of the global insurance industry’s corporate governance-related total new job postings in Q1 2023, down 16% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 30%, emerged as the top corporate governance-related job roles within the insurance industry in Q1 2023, with new job postings drop by 16% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 15% in Q1 2023, with new job postings rising by 7% over the previous quarter.
The other prominent corporate governance roles include Computer and Mathematical Occupations with a 9% share in Q1 2023, Office and Administrative Support Occupations with a 3% share of new job postings.
Top five companies in insurance industry accounted for 58% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Tata AIG General Insurance, Lincoln National, Arthur J. Gallagher & Co, UnitedHealth Group, and Marsh & McLennan. Together they accounted for a combined share of 58% of all corporate governance-related new jobs in the insurance industry.
Tata AIG General Insurance posted 4,384 corporate governance-related new jobs in Q1 2023, Lincoln National 695 jobs, Arthur J. Gallagher & Co 561 jobs, UnitedHealth Group 452 jobs, and Marsh & McLennan 316 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by India with a 41.15% share of total new job postings, Q1 2023
The largest share of corporate governance-related new job postings in the insurance industry in Q1 2023 was in India with 41.15% followed by the US (40.31%) and the UK (4.01%). The share represented by India was five percentage points higher than the 36.01% share it accounted for in Q4 2022.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.