The South & Central American insurance industry experienced a 16% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by AIA Group with 639 job postings, according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance Predictions 2023 – Thematic Intelligence report offers an in-depth analysis of the key themes that will impact the insurance industry in 2023, including technology themes like AI and blockchain, industry themes such as cyber insurance and insurtech, and macroeconomic factors. Buy the report here.
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.
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