The global insurance industry experienced a 37% drop in new job postings related to ecommerce in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 61% 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 an 18% share of the global insurance industry’s ecommerce-related total new job postings in Q3 2023, down 51% over the prior quarter.
Management Occupations drive ecommerce-related hiring activity
Management Occupations, with a share of 18%, emerged as the top ecommerce-related job roles within the insurance industry in Q3 2023, with new job postings drop by 51% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 16% in Q3 2023, with new job postings dropping by 23% over the previous quarter.
The other prominent ecommerce roles include Business and Financial Operations Occupations with a 7% share in Q3 2023, Sales and Related Occupations with a 5% share of new job postings.
Top five companies in insurance industry accounted for 38% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were AXA, Allianz, USAA, Allstate, and eHealth. Together they accounted for a combined share of 38% of all ecommerce-related new jobs in the insurance industry.
Hiring activity was driven by the US with a 46.69% share of total new job postings, Q3 2023
The largest share of ecommerce-related new job postings in the insurance industry in Q3 2023 was in the US with 46.69% followed by Germany (9.73%) and the UK (5.06%). The share represented by the US was two percentage points higher than the 44.61% share it accounted for in Q2 2023.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q3 2023, buy the report here.