The Australian insurance industry experienced a 3% rise in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Insurance Australia Group with 400 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Australia General Insurance Market report offers an in-depth analysis of the key categories, trends by line of business, and detailed market forecasts including key performance indicators for 2021-2026 in Australia’s general insurance market. The report profiles top general insurance compa Buy the report here.
Notably, Business and Financial Operations Occupations jobs accounted for a 19% share of the Australian’s insurance industry new job postings in Q1 2023, up by 20% over the prior quarter.
Business and Financial Operations Occupations drive insurance hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Business and Financial Operations Occupations, which accounted for 19% of the total new job postings in Q1 2023 and were up by 20% year-on-year. Second highest were Management Occupations, which accounted for 17% and rise by 15% year-on-year, and third highest were Computer and Mathematical Occupations, which were 0% of the new job postings and 2% lower year-on-year.
Top five companies in insurance accounted for 62% of hiring activity
The highest number of jobs were posted by Insurance Australia Group with 400, followed by Allianz Versicherungs-AG with 234, while the highest increase was at QBE Insurance Group at 12%.
For further understanding of GlobalData's Australia General Insurance – Key Trends and Opportunities to 2026, buy the report here.
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