Notably, Management Occupations jobs accounted for a 12% share of the South & Central American insurance industry’s total new job postings in Q2 2023, drop 19% over the prior quarter.

Management Occupations drive insurance hiring activity

Management Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the South & Central American insurance industry in Q2 2023 , ahead of Computer and Mathematical Occupations with an 11% share of new job postings.

The other prominent roles included Business and Financial Operations Occupations with an 8% share in Q2 2023, Office and Administrative Support Occupations with an 8% share and Sales and Related Occupations with a 3% share of new job postings.

Top five companies accounted for 66% of hiring activity

AIA Group posted 639 jobs in Q2 2023 and registered a decline of 16% over the previous quarter, followed by Sagicor Group Jamaica with 218 jobs and a 10% drop. Aon, with 156 jobs, and Willis Towers Watson, with 116 jobs, recorded a 20% drop and a 3% rise, respectively, while Marsh & McLennan recorded a 13% decline with a 88 new job postings during Q2 2023.

Regional analysis of hiring in the South & Central American insurance industry, Q2 2023

Anguilla held the leading share of the South & Central American insurance hiring activity with a 34.60% share, a 16% decrease over Q1 2023. Brazil was next with 15.70%, four-percentage-point up over the previous quarter.

For further understanding of GlobalData's Insurance Predictions 2023 – Thematic Intelligence, buy the report here.

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