Notably, Business and Financial Operations Occupations jobs accounted for a 16% share of the European insurance industry’s total new job postings in Q4 2023, rise 3% over the prior quarter.

Business and Financial Operations Occupations drive insurance industry hiring activity

Business and Financial Operations Occupations, with a share of 16% new job postings, was the occupation with the greatest hiring activity in the European insurance industry in Q4 2023 , ahead of Computer and Mathematical Occupations with a 14% share of new job postings.

The other prominent roles included Management Occupations with a 12% share in Q4 2023, Office and Administrative Support Occupations with an 8% share and Sales and Related Occupations with a 3% share of new job postings.

Top five companies accounted for 46% of hiring activity

AXA posted 2,661 jobs in Q4 2023 and registered a decline of 18% over the previous quarter, followed by Allianz with 1,752 jobs and a 26% drop. Aon, with 593 jobs, and Arthur J. Gallagher & Co, with 590 jobs, recorded a 32% rise and a 56% rise, respectively, while Marsh & McLennan recorded a 98% increase with a 533 new job postings during Q4 2023.

Regional analysis of hiring in the European insurance industry, Q4 2023

The UK held the leading share of the European insurance hiring activity with a 38.10% share, an 11% decrease over Q3 2023. France was next with 17.07%, four-percentage-point down over the previous quarter.

For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 2023, buy the report here.

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