The European insurance industry experienced a 4% drop in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Allianz with 4,637 job postings, according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q2 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 12% share of the European insurance industry’s total new job postings in Q2 2024, rise 10% over the prior quarter.
Business and Financial Operations Occupations drive insurance industry hiring activity
Business and Financial Operations Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the European insurance industry in Q2 2024 , ahead of Computer and Mathematical Occupations with a 12% share of new job postings.
The other prominent roles included Management Occupations with a 9% share in Q2 2024, Office and Administrative Support Occupations with a 7% share and Sales and Related Occupations with a 3% share of new job postings.
Top five companies accounted for 47% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 47% of the overall hiring activity in the European insurance industry in Q2 2024.
Allianz posted 4,637 jobs in Q2 2024 and registered a decline of 17% over the previous quarter, followed by AXA with 3,233 jobs and a 16% drop. Zurich Insurance Group, with 770 jobs, and Chubb, with 763 jobs, recorded a 33% rise and a 77% rise, respectively, while Willis Towers Watson recorded a 15% increase with a 665 new job postings during Q2 2024.
Regional analysis of hiring in the European insurance industry, Q2 2024
The UK held the leading share of the European insurance hiring activity with a 32.00% share, a 4% increase over Q1 2024. France was next with 19.93%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
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