The Canadian insurance industry experienced a 23% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Intact Financial with 421 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.
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Notably, Business and Financial Operations Occupations jobs accounted for a 19% share of the Canadian insurance industry new job postings in Q3 2023, down by 12% 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 19% of the total new job postings in Q3 2023 and were down by 30% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 16% and drop by 40% year-on-year, and third highest were Management Occupations, which were 37% of the new job postings and 39% lower year-on-year.
Top five companies in insurance industry accounted for 49% of hiring activity
The highest number of jobs were posted by Intact Financial with 421, followed by Manulife Financial with 365, while the highest increase was at Sun Life Financial at 49%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.
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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.
