The global insurance industry experienced a 19% drop in new job postings related to ecommerce in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 37% decrease versus Q2 2022. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.
Notably, Management Occupations jobs accounted for a 35% share of the global insurance industry’s ecommerce-related total new job postings in Q2 2023, down 31% over the prior quarter.
Management Occupations drive ecommerce-related hiring activity
Management Occupations, with a share of 35%, emerged as the top ecommerce-related job roles within the insurance industry in Q2 2023, with new job postings drop by 31% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 11% in Q2 2023, with new job postings dropping by 4% over the previous quarter.
The other prominent ecommerce roles include Architecture and Engineering Occupations with an 8% share in Q2 2023, Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies in insurance industry accounted for 38% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were ICICI Prudential Life Insurance, Allianz Versicherungs-AG, Allianz, Zurich Insurance Group, and AXA. Together they accounted for a combined share of 38% of all ecommerce-related new jobs in the insurance industry.
ICICI Prudential Life Insurance posted 78 ecommerce-related new jobs in Q2 2023, Allianz Versicherungs-AG 57 jobs, Allianz 21 jobs, Zurich Insurance Group 16 jobs, and AXA 15 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 36.20% share of total new job postings, Q2 2023
The largest share of ecommerce-related new job postings in the insurance industry in Q2 2023 was in the US with 36.20% followed by India (16.97%) and the UK (11.04%). The share represented by the US was ten percentage points lower than the 46.60% share it accounted for in Q1 2023.
For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.