The German insurance industry experienced a 22% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Allianz with 1,208 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.
Notably, Office and Administrative Support Occupations jobs accounted for a 13% share of the German insurance industry new job postings in Q3 2023, up by 74% over the prior quarter.
Office and Administrative Support Occupations drive insurance industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Office and Administrative Support Occupations, which accounted for 13% of the total new job postings in Q3 2023 and were flat growth by 0% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 10% and drop by 48% year-on-year, and third highest were Computer and Mathematical Occupations, which were 42% of the new job postings and 56% 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 1,208, followed by AXA with 451, while the highest increase was at Zurich Insurance Group at 40%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.