The German insurance industry experienced a 44% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Allianz with 691 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q4 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 14% share of the German insurance industry new job postings in Q4 2023, down by 27% 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 14% of the total new job postings in Q4 2023 and were down by 57% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 13% and drop by 71% year-on-year, and third highest were Office and Administrative Support Occupations, which were 55% of the new job postings and 68% lower year-on-year.
Top five companies in insurance industry accounted for 74% of hiring activity
The highest number of jobs were posted by Allianz with 691, followed by AXA with 211, while the highest increase was at Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) at 15%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 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.
