The global insurance industry experienced a 29% drop in new job postings related to electric vehicles in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 121% increase versus Q1 2022. GlobalData’s Electric Vehicles (EV) in Insurance – Thematic Research report explains the dynamics of EV in the insurance market, highlighting the key trends, impact of EV on value chain and leading EV companies in the insurance market. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 21% share of the global insurance industry’s electric vehicles-related total new job postings in Q1 2023, down 28% over the prior quarter.
Computer and Mathematical Occupations drive electric vehicles-related hiring activity
Computer and Mathematical Occupations, with a share of 21%, emerged as the top electric vehicles-related job roles within the insurance industry in Q1 2023, with new job postings drop by 28% quarter-on-quarter. Management Occupations came in second with a share of 19% in Q1 2023, with new job postings dropping by 8% over the previous quarter.
The other prominent electric vehicles roles include Business and Financial Operations Occupations with a 13% share in Q1 2023, Office and Administrative Support Occupations with a 9% share of new job postings.
Top five companies in insurance industry accounted for 95% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Aviva, Legal & General Group, NN Group, BGL Group, and Direct Line Insurance Group. Together they accounted for a combined share of 95% of all electric vehicles-related new jobs in the insurance industry.
Aviva posted 401 electric vehicles-related new jobs in Q1 2023, Legal & General Group 214 jobs, NN Group 106 jobs, BGL Group 32 jobs, and Direct Line Insurance Group 26 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the UK with a 68.73% share of total new job postings, Q1 2023
The largest share of electric vehicles-related new job postings in the insurance industry in Q1 2023 was in the UK with 68.73% followed by the US (18.13%) and the Netherlands (11.92%). The share represented by the UK was one percentage point lower than the 69.39% share it accounted for in Q4 2022.
For further understanding of GlobalData's Electric Vehicles (EV) in Insurance - Thematic Research buy the report here.