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December 8, 2021

Asia-Pacific’s insurance industry IT hiring activity rises 3.4% in November 2021

By Carmen

Asia-Pacific witnessed a 3.4% rise in IT hiring activity in the insurance industry in November 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

November 2021 has seen an increase of 0.27% in the overall hiring activity when compared with October 2021.

IT jobs accounted for a 10.94% share in the industry’s total hiring activity in November 2021, registering an increase of 0.58% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in November 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Asia-Pacific with a share of 50.35% in November 2021, a 14.9% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 22.51% in November 2021, marking a 4.9% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 15.08% in November 2021, an 8.33% rise from October 2021.

Computer and Information Analysts registered a share of 9.05% in November 2021, a 25.81% rise over the previous month.

Top five insurance companies in Asia-Pacific’s IT recruitment activity in November 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 30.37% in the overall IT recruitment activity of Asia-Pacific’s insurance industry during November 2021 over previous month.

Intercorp Financial Services posted 45 IT jobs in November 2021 and registered an increase of 55.17% over the previous month, followed by Zurich Insurance Group with 36 jobs and a 16.13% growth. Dai-ichi Life Holdings with 33 IT jobs and Bajaj Finserv with 31 jobs, recorded a 153.85% rise and a 29.55% drop, respectively, while Marsh & McLennan Companies recorded a 72.22% increase with 31 job postings during November 2021.

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 30.39% share in November 2021, a 10.88% decrease over October 2021. Australia featured next with a 23.67% share, down 10.53% over the previous month. Singapore recorded an 11.14% share, a growth of 11.63% compared with October 2021.

Junior Level job postings dominate in November 2021

Junior Level jobs held a share of 65.2%, down by 12.19% from October 2021. Mid Level positions with a 22.97% share, registered a growth of 2.06% compared with the previous month.

In the third place was Entry Level job ads with 10.21% share, flat growth over October 2021, while Senior postings accounted for 1.62%, recording a month-on-month growth of 133.33%.

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