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December 16, 2021

Europe’s insurance industry IT hiring activity rises 3.0% in November 2021

By Carmen

Europe witnessed a 3.0% 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 4.02% in the overall hiring activity when compared with October 2021.

IT jobs accounted for a 13.51% share in the industry’s total hiring activity in November 2021, registering a decrease of 0.14% 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 Europe with a share of 52.96% in November 2021, an 8.8% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 24.85% in November 2021, marking a 16.94% month-on-month increase. In the third place was Database and Network Administrators and Architects with a share of 13.47% in November 2021, an 11.54% rise from October 2021.

Computer and Information Analysts registered a share of 6.27% in November 2021, a 17.39% rise over the previous month.

Top five insurance companies in Europe’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 9.22% in the overall IT recruitment activity of Europe’s insurance industry during November 2021 over previous month.

Zurich Insurance Group posted 142 IT jobs in November 2021 and registered a decline of 21.11% over the previous month, followed by Allianz with 125 jobs and a 71.23% growth. Swiss Re with 84 IT jobs and AXA with 63 jobs, recorded a 3.45% drop and a 20.25% drop, respectively, while Economical Mutual Insurance recorded a 300% increase with 60 job postings during November 2021.

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

The UK commanded a leading presence in the region’s insurance industry IT hiring activity with a 24.16% share in November 2021, a 15.79% decrease over October 2021. Germany featured next with a 22.65% share, up 36.36% over the previous month. Canada recorded a 7.08% share, a growth of 306.67% compared with October 2021.

Junior Level job postings dominate in November 2021

Junior Level jobs held a share of 73.4%, up by 1.94% from October 2021. Mid Level positions with a 14.98% share, registered a decline of 10.42% compared with the previous month.

In the third place was Entry Level job ads with 10.69% share, down 2.13% over October 2021, while Senior postings accounted for 0.93%, recording a month-on-month decline of 20%.

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