The global insurance industry experienced a 5% rise in new job postings related to environmental sustainability in Q3 2022 compared with the previous quarter, according to GlobalData’s whitepaper on Environmental Sustainability in Insurance – Hiring Activity in Q3 2022. This compares to a 188% increase versus Q3 2021.
Notably, Financial Analysts and Advisors jobs accounted for a 6% share of the global insurance industry’s environmental sustainability-related total new job postings in Q3 2022.
Financial Analysts and Advisors, with a share of 6%, emerged as the top environmental sustainability-related job roles within the insurance industry in Q3 2022, with new job postings registering a flat growth quarter-on-quarter. Software and Web Developers, Programmers, and Testers came in second with a share of 4% in Q3 2022, with new job postings rising by 14% over the previous quarter.
The other prominent environmental sustainability roles include Claims Adjusters, Appraisers, Examiners, and Investigators with a 4% share in Q3 2022, General and Operations Managers with a 3% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2022 were Manulife Financial, Aviva, NN Group and Samsung Life Insurance. Together they accounted for a combined share of 33% of all environmental sustainability-related active jobs in the insurance industry.
Manulife Financial posted 744 environmental sustainability-related new jobs in Q3 2022, Aviva 360 jobs, NN Group 320 jobs, and Samsung Life Insurance 274 jobs, according to GlobalData’s Job Analytics.
The largest share of environmental sustainability-related new job postings in the insurance industry in Q3 2022 was in the US with 40% followed by the UK (20%) and Canada (10%). The share represented by the US was five percentage points lower than the 45% share it accounted for in Q2 2022.