The Singaporean insurance industry experienced a 7% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Prudential with 96 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.

Notably, Management Occupations jobs accounted for a 28% share of the Singaporean insurance industry new job postings in Q4 2023, up by 18% 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 Q4 2023 and were down by 36% year-on-year. Second highest were Business and Financial Operations Occupations, which accounted for 18% and drop by 43% year-on-year, and third highest were Computer and Mathematical Occupations, which were 19% of the new job postings and 72% lower year-on-year.

Top five companies in insurance industry accounted for 55% of hiring activity

The highest number of jobs were posted by Prudential with 96, followed by Aon with 76, while the highest increase was at NTUC Income Insurance Co-operative at 10%.

For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q4 2023, buy the report here.

This content was updated on 6 January 2024

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