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April 27, 2022

Asia-Pacific’s insurance industry IT hiring activity drops 5.4% in March 2022

By Carmen

Asia-Pacific witnessed a 5.4% drop in IT hiring activity in the insurance industry in March 2022 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

March 2022 has seen a decrease of 3.53% in the overall hiring activity when compared with February 2022.

IT jobs accounted for a 12.58% share in the industry’s total hiring activity in March 2022, registering an increase of 0.75% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in March 2022

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 58.06% in March 2022, a 24.71% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 20.53% in March 2022, marking a 4.11% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 12.61% in March 2022, a 38.57% drop from February 2022.

Computer and Information Analysts registered a share of 5.87% in March 2022, a 41.18% decline over the previous month.

Top five insurance companies in Asia-Pacific’s IT recruitment activity in March 2022

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 20.52% in the overall IT recruitment activity of Asia-Pacific’s insurance industry during March 2022 over previous month.

Swiss Re posted 38 IT jobs in March 2022 and registered a decline of 11.63% over the previous month, followed by Willis Towers Watson with 38 jobs and a 35.71% growth. While Intercorp Financial Services recorded a 47.69% decline with 34 job postings during March 2022.

Country-wise composition of IT hiring in Asia-Pacific’s insurance industry

India commanded a leading presence in the region’s insurance industry IT hiring activity with a 25.81% share in March 2022, a 43.95% decrease over February 2022. Australia featured next with a 15.25% share, down 45.26% over the previous month. Singapore recorded a 12.02% share, a growth of 127.78% compared with February 2022.

Junior Level job postings dominate in March 2022

Junior Level jobs held a share of 62.46%, down by 22.83% from February 2022. Mid Level positions with a 27.57% share, registered a decline of 25.98% compared with the previous month.

In the third place was Entry Level job ads with 8.5% share, down 45.28% over February 2022, while Senior postings accounted for 1.47%, recording a month-on-month decline of 16.67%.

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