The North American insurance industry experienced a 10% rise in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by Progressive with 3,398 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.
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Notably, Business and Financial Operations Occupations jobs accounted for a 19% share of the North American insurance industry’s total new job postings in Q2 2024, rise 4% over the prior quarter.
Business and Financial Operations Occupations drive insurance industry hiring activity
Business and Financial Operations Occupations, with a share of 19% new job postings, was the occupation with the greatest hiring activity in the North American insurance industry in Q2 2024 , ahead of Sales and Related Occupations with a 16% share of new job postings.
The other prominent roles included Management Occupations with a 13% share in Q2 2024, Computer and Mathematical Occupations with an 11% share and Office and Administrative Support Occupations with an 8% share of new job postings.
Top five companies accounted for 26% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 26% of the overall hiring activity in the North American insurance industry in Q2 2024.
Progressive posted 3,398 jobs in Q2 2024 and registered a decline of 1% over the previous quarter, followed by Chubb with 3,282 jobs and a 77% growth. Freeway Insurance Services Amercia, with 2,858 jobs, and Dai-ichi Life, with 2,823 jobs, recorded a 36% rise and a 33% rise, respectively, while Arthur J. Gallagher & Co recorded a 42% increase with a 2,205 new job postings during Q2 2024.
Regional analysis of hiring in the North American insurance industry, Q2 2024
The US held the leading share of the North American insurance hiring activity with an 89.53% share, a 9% increase over Q1 2024. Canada was next with 7.88%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 2024, buy the report here.
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