The global insurance industry experienced a 26% drop in new job postings related to ecommerce in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 69% decrease versus Q4 2022. GlobalData’s Insurance: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the insurance industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 23% share of the global insurance industry’s ecommerce-related total new job postings in Q4 2023, down 24% over the prior quarter.
Management Occupations drive ecommerce-related hiring activity
Management Occupations, with a share of 23%, emerged as the top ecommerce-related job roles within the insurance industry in Q4 2023, with new job postings drop by 24% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 20% in Q4 2023, with new job postings rising by 139% over the previous quarter.
The other prominent ecommerce roles include Computer and Mathematical Occupations with a 13% share in Q4 2023, Office and Administrative Support Occupations with a 5% share of new job postings.
Top five companies in insurance industry accounted for 34% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were AXA, eHealth, Qover, Allianz, and Swiss Re. Together they accounted for a combined share of 34% of all ecommerce-related new jobs in the insurance industry.
AXA posted 26 ecommerce-related new jobs in Q4 2023, eHealth 14 jobs, Qover 12 jobs, Allianz 12 jobs, and Swiss Re 10 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 38.43% share of total new job postings, Q4 2023
The largest share of ecommerce-related new job postings in the insurance industry in Q4 2023 was in the US with 38.43% followed by Belgium (6.94%) and Canada (6.48%). The share represented by the US was six percentage points lower than the 44.86% share it accounted for in Q3 2023.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 2023, buy the report here.
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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.
