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September 30, 2021

UK insurance industry IT recruitment activity drops 3.9% in August 2021

By Verdict Staff

The UK’s insurance industry registered a 3.9% drop in IT hiring activity in August 2021 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring a decreased by 4.48% in August 2021 when compared with July 2021.

Out of the insurance industry’s total hiring activity, IT jobs claimed a 13.91% share in August 2021, recording a flat growth over the last three-month average share.

Top five job classifications in the UK’s insurance industry’s IT recruitment activity in August 2021

Out of the total job titles, the top five roles commanded a 99.53% share in the overall IT recruitment activity of the UK’s insurance industry in August 2021.

1) Software and Web Developers, Programmers, and Testers recorded a share of 50% in August 2021, registering a 5.31% decline over the previous month.

2) Miscellaneous Computer Occupations claimed a 20.56% share, a decrease of 38.03% over the previous month.

3) Database and Network Administrators and Architects held a share of 18.22%, registering a 23.53% decline from July 2021.

4) Computer and Information Analysts captured a share of 7.01%, up 36.36% over the previous month.

Top five insurance companies in the UK’s IT recruitment activity in August 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average decline of 10.71% share in the overall IT recruitment activity of the UK’s insurance industry during August 2021 over July 2021.

Willis Towers Watson posted 37 IT jobs in August 2021 and registered a rise of 37.04% over the previous month, followed by Dai-ichi Life Holdings with 21 jobs and a 54.35% drop. Zurich Insurance Group with 17 IT jobs and BGL Group with 13 jobs, recorded a flat growth and an 18.18% flat growth, respectively, while Munchener Ruckversicherungs-Gesellschaft(Munich Re) recorded an increase of 9.09% with 12 job postings during August 2021.

Junior Level job postings dominate in August 2021

Junior Level jobs held a share of 85.51%, down by 12.44% from July 2021. Mid Level positions with an 8.41% share, registered a decline of 50% compared with the previous month.

In the third place was Entry Level job ads with 4.67% share, down 44.44% over July 2021, while Senior postings accounted for 1.4%, recording a month-on-month increase of 200%.

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