The Indian insurance industry experienced a 25% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Tata AIG General Insurance with 188 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, Management Occupations jobs accounted for a 28% share of the Indian insurance industry new job postings in Q3 2023, down by 56% over the prior quarter.
Management Occupations drive insurance industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 28% of the total new job postings in Q3 2023 and were down by 95% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 24% and drop by 72% year-on-year, and third highest were Business and Financial Operations Occupations, which were 29% of the new job postings and 66% lower year-on-year.
Top five companies in insurance industry accounted for 51% of hiring activity
The highest number of jobs were posted by Tata AIG General Insurance with 188, followed by Swiss Re with 164, while the highest increase was at Willis Towers Watson at 37%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.