The global insurance industry experienced a 23% drop in new job postings related to personalization in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 26% decrease versus Q3 2022. 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 16% share of the global insurance industry’s personalization-related total new job postings in Q3 2023, down 30% over the prior quarter.
Management Occupations drive personalization-related hiring activity
Management Occupations, with a share of 16%, emerged as the top personalization-related job roles within the insurance industry in Q3 2023, with new job postings drop by 30% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 15% in Q3 2023, with new job postings dropping by 20% over the previous quarter.
The other prominent personalization roles include Business and Financial Operations Occupations with a 15% share in Q3 2023, Office and Administrative Support Occupations with a 8% share of new job postings.
Top five companies in insurance industry accounted for 28% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Allianz, AXA, Dai-ichi Life, BRP Group, and Aspen Insurance. Together they accounted for a combined share of 28% of all personalization-related new jobs in the insurance industry.
Hiring activity was driven by the US with a 50.16% share of total new job postings, Q3 2023
The largest share of personalization-related new job postings in the insurance industry in Q3 2023 was in the US with 50.16% followed by the UK (16.07%) and Canada (8.65%). The share represented by the US was ten percentage points lower than the 60.23% share it accounted for in Q2 2023.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.