The Asia-Pacific insurance industry experienced a 26% rise in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Bajaj Finserv with 7,201 job postings, according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q2 2024 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.
Notably, Management Occupations jobs accounted for a 21% share of the Asia-Pacific insurance industry’s total new job postings in Q2 2024, rise 20% over the prior quarter.
Management Occupations drive insurance industry hiring activity
Management Occupations, with a share of 21% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific insurance industry in Q2 2024 , ahead of Computer and Mathematical Occupations with a 9% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with a 6% share in Q2 2024, Office and Administrative Support Occupations with a 5% share and Sales and Related Occupations with a 2% share of new job postings.
Top five companies accounted for 56% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 56% of the overall hiring activity in the Asia-Pacific insurance industry in Q2 2024.
Bajaj Finserv posted 7,201 jobs in Q2 2024 and registered a growth of 75% over the previous quarter, followed by Max Life insurance with 2,603 jobs and a 39% growth. Chubb, with 1,960 jobs, and Allianz, with 1,807 jobs, recorded a 176% rise and a 14% drop, respectively, while AIA Group recorded a 3% increase with a 1,064 new job postings during Q2 2024.
Regional analysis of hiring in the Asia-Pacific insurance industry, Q2 2024
India held the leading share of the Asia-Pacific insurance hiring activity with a 59.04% share, a 51% increase over Q1 2024. Australia was next with 11.81%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
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