Notably, Management Occupations jobs accounted for a 17% share of the global insurance industry’s environmental sustainability-related total new job postings in Q2 2023, up 12% over the prior quarter.

Management Occupations drive environmental sustainability-related hiring activity

Management Occupations, with a share of 17%, emerged as the top environmental sustainability-related job roles within the insurance industry in Q2 2023, with new job postings rising by 12% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 17% in Q2 2023, with new job postings rising by 21% over the previous quarter.

The other prominent environmental sustainability roles include Computer and Mathematical Occupations with a 15% share in Q2 2023, Office and Administrative Support Occupations with a 7% share of new job postings.

Top five companies in insurance industry accounted for 60% of hiring activity

The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Manulife Financial, Phoenix Group, Legal & General Group, AXA, and Great Eastern. Together they accounted for a combined share of 60% of all environmental sustainability-related new jobs in the insurance industry.

Manulife Financial posted 1,320 environmental sustainability-related new jobs in Q2 2023, Phoenix Group 366 jobs, Legal & General Group 321 jobs, AXA 233 jobs, and Great Eastern 163 jobs, according to GlobalData’s Job Analytics.

Hiring activity was driven by the US with a 26.97% share of total new job postings, Q2 2023

The largest share of environmental sustainability-related new job postings in the insurance industry in Q2 2023 was in the US with 26.97% followed by the UK (21.74%) and Canada (15.51%). The share represented by the US was ten percentage points lower than the 37.15% share it accounted for in Q1 2023.

To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research buy the report here.

This content was updated on 24 July 2023

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

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.