The global insurance industry experienced a 12% drop in new job postings related to cybersecurity in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Cybersecurity in Insurance – Hiring Activity in Q3 2022. This compares to a 20% increase versus Q3 2021.

Notably, Software and Web Developers, Programmers, and Testers jobs accounted for a 10% share of the global insurance industry’s cybersecurity-related total new job postings in Q3 2022, down 20% over the prior quarter.

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

Software and Web Developers, Programmers, and Testers, with a share of 10%, emerged as the top cybersecurity-related job roles within the insurance industry in Q3 2022, with new job postings drop by 20% quarter-on-quarter. Computer and Information Analysts came in second with a share of 7% in Q3 2022, with new job postings drop by 41% over the previous quarter.

The other prominent cybersecurity roles include Database and Network Administrators and Architects with a 5% share in Q3 2022, Miscellaneous Business Operations Specialists with a 4% share of new job postings.

Top five companies in insurance industry accounted for 5% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were Swiss Re, UnitedHealth Group, Zurich Insurance Group and MetLife. Together they accounted for a combined share of 5% of all cybersecurity-related active jobs in the insurance industry.

Swiss Re posted 289 cybersecurity-related new jobs in Q3 2022, UnitedHealth Group 227 jobs, Zurich Insurance Group 212 jobs, and MetLife 212 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 55% share of total active job postings, Q3 2022

The largest share of cybersecurity-related new job postings in the insurance industry in Q3 2022 was in the US with 55% followed by the UK (9%) and Canada (5%). The share represented by the US was four percentage points lower than the 60% share it accounted for in Q2 2022.

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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.