The British insurance industry experienced a 14% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by AXA with 360 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q3 2023 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, Business and Financial Operations Occupations jobs accounted for a 15% share of the British insurance industry new job postings in Q3 2023, down by 14% over the prior quarter.
Business and Financial Operations Occupations drive insurance industry 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 15% of the total new job postings in Q3 2023 and were down by 27% year-on-year. Second highest were Management Occupations, which accounted for 15% and drop by 25% year-on-year, and third highest were Computer and Mathematical Occupations, which were 20% of the new job postings and 30% lower year-on-year.
Top five companies in insurance industry accounted for 32% of hiring activity
The highest number of jobs were posted by AXA with 360, followed by Direct Line Insurance Group with 282, while the highest increase was at British United Provident Association at 1%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.