The Canadian insurance industry experienced a 24% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Great-West Lifeco with 476 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Canada 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 Canada’s general insurance market. The report profiles top general insurance companie Buy the report here.
Smarter leaders trust GlobalData
Notably, Business and Financial Operations Occupations jobs accounted for a 16% share of the Canadian’s insurance industry new job postings in Q1 2023, down by 26% 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 16% of the total new job postings in Q1 2023 and were down by 29% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 16% and drop by 23% year-on-year, and third highest were Management Occupations, which were 21% of the new job postings and 25% lower year-on-year.
Top five companies in insurance accounted for 47% of hiring activity
The highest number of jobs were posted by Great-West Lifeco with 476, followed by Sun Life Financial with 442, while the highest increase was at Intact Financial at 50%.
For further understanding of GlobalData's Canada General Insurance Market Size, Trends by Line of Business (Personal, Accident and Health, Liability, Financial Lines, Property, Motor, Marine, Aviation and Transit Insurance, and Miscellaneous), Distribution Channel, Competitive Landscape and Forec, buy the report here.
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.
