Notably, Management Occupations jobs accounted for a 23% share of the Asia-Pacific insurance industry’s total new job postings in Q2 2023, drop 68% over the prior quarter.

Management Occupations drive insurance hiring activity

Management Occupations, with a share of 23% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific insurance industry in Q2 2023 , ahead of Computer and Mathematical Occupations with a 17% share of new job postings.

The other prominent roles included Business and Financial Operations Occupations with a 13% share in Q2 2023, Office and Administrative Support Occupations with a 7% share and Sales and Related Occupations with a 3% share of new job postings.

Top five companies accounted for 32% of hiring activity

Manulife Financial posted 742 jobs in Q2 2023 and registered a growth of 91% over the previous quarter, followed by Prudential with 714 jobs and a 24% growth. Tata AIG General Insurance, with 636 jobs, and Willis Towers Watson, with 609 jobs, recorded a 92% drop and a 4% rise, respectively, while Zurich Insurance Group recorded a 63% increase with a 535 new job postings during Q2 2023.

Regional analysis of hiring in the Asia-Pacific insurance industry, Q2 2023

India held the leading share of the Asia-Pacific insurance hiring activity with a 31.66% share, a 69% decrease over Q1 2023. Australia was next with 18.49%, four-percentage-point down over the previous quarter.

For further understanding of GlobalData's Insurance Predictions 2023 – Thematic Intelligence, 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.