The Canadian insurance industry experienced a 30% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by Intact Financial with 977 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q1 2024 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 19% share of the Canadian insurance industry new job postings in Q1 2024, up by 8% 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 Q1 2024 and were down by 5% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 13% and drop by 23% year-on-year, and third highest were Management Occupations, which were 2% of the new job postings and 20% lower year-on-year.
Top five companies in insurance industry accounted for 57% of hiring activity
The highest number of jobs were posted by Intact Financial with 977, followed by Manulife Financial with 503, while the highest increase was at Sun Life Financial at 15%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q1 2024, buy the report here.
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