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April 27, 2022

Canada’s insurance industry IT recruitment activity rises 3.4% in March 2022

By Carmen

Canada’s insurance industry registered a 3.4% rise in IT hiring activity in March 2022 when compared with the previous month, according to GlobalData’s Job Analytics database.

The industry’s overall hiring increased by 3.63% in March 2022 when compared with February 2022.

Out of the insurance industry’s total hiring activity, IT jobs claimed an 11.75% share in March 2022, recording an increase of 0.49% over the last three-month average share.

Top five job classifications in Canada’s insurance industry’s IT recruitment activity in March 2022

Out of the total job titles, the top five roles commanded a 100.46% share in the overall IT recruitment activity of Canada’s insurance industry in March 2022.

1) Software and Web Developers, Programmers, and Testers recorded a share of 51.83% in March 2022, registering a 3.42% decline over the previous month.

2) Miscellaneous Computer Occupations claimed a 22.94% share, an increase of 108.33% over the previous month.

3) Computer and Information Analysts held a share of 11.93%, registering a 3.7% decline from February 2022.

4) Database and Network Administrators and Architects captured a share of 11.01%, up 20% over the previous month.

Top five insurance companies in Canada’s IT recruitment activity in March 2022

The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average growth of 10.76% share in the overall IT recruitment activity of Canada’s insurance industry during March 2022 over February 2022.

Intact Financial posted 44 IT jobs in March 2022 and registered a drop of 27.87% over the previous month. The Canada Life Assurance with 31 IT jobs and Great-West Lifeco with 28 jobs, recorded a flat growth and a 55.56%  growth, respectively.

Junior Level job postings dominate in March 2022

Junior Level jobs held a share of 61.47%, up by 19.64% from February 2022. Mid Level positions with a 25.69% share, registered an increase of 7.69% compared with the previous month.

In the third place was Entry Level job ads with 11.93% share, up 8.33% over February 2022, while Senior postings accounted for 0.92%, recording a month-on-month decline of 33.33%.

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