Notably, Management Occupations jobs accounted for a 32% share of the Asia-Pacific insurance industry’s total new job postings in Q4 2023, drop 30% over the prior quarter.

Management Occupations drive insurance industry hiring activity

Management Occupations, with a share of 32% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific insurance industry in Q4 2023 , ahead of Computer and Mathematical Occupations with a 12% share of new job postings.

The other prominent roles included Business and Financial Operations Occupations with an 11% share in Q4 2023, Office and Administrative Support Occupations with a 9% share and Sales and Related Occupations with a 3% share of new job postings.

Top five companies accounted for 44% of hiring activity

Max Life insurance posted 2,022 jobs in Q4 2023 and registered a decline of 40% over the previous quarter, followed by AIA Group with 762 jobs and a 14% drop. Bajaj Finserv, with 702 jobs, and Manulife Financial, with 562 jobs, recorded a 40% drop and a 29% drop, respectively, while Prudential recorded a 27% decline with a 444 new job postings during Q4 2023.

Regional analysis of hiring in the Asia-Pacific insurance industry, Q4 2023

India held the leading share of the Asia-Pacific insurance hiring activity with a 46.60% share, a 23% decrease over Q3 2023. Australia was next with 13.15%, four-percentage-point down over the previous quarter.

For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 2023, buy the report here.

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