The Singaporean insurance industry experienced a 26% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by NTUC Income Insurance Co-operative with 75 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 20% share of the Singaporean insurance industry new job postings in Q3 2023, down by 21% 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 20% of the total new job postings in Q3 2023 and were down by 37% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 19% and drop by 40% year-on-year, and third highest were Computer and Mathematical Occupations, which were 24% of the new job postings and 54% lower year-on-year.
Top five companies in insurance industry accounted for 50% of hiring activity
The highest number of jobs were posted by NTUC Income Insurance Co-operative with 75, followed by Prudential with 65, while the highest increase was at Allianz at 21%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.