Europe witnessed a 4.4% rise in IT hiring activity in the insurance industry in October 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard.

October 2021 has seen an increase of 3.74% in the overall hiring activity when compared with September 2021.

IT jobs accounted for a 13.66% share in the industry’s total hiring activity in October 2021, registering an increase of 0.15% over the last three-month average share.

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

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in Europe with a share of 57.46% in October 2021, an 8.99% rise over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 21.09% in October 2021, marking a 15.58% month-on-month increase. In the third place was Database and Network Administrators and Architects with a share of 11.85% in October 2021, a 7.53% rise from September 2021.

Computer and Information Analysts registered a share of 5.45% in October 2021, a flat growth over the previous month.

Top five insurance companies in Europe’s IT recruitment activity in October 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average growth of 24.18% in the overall IT recruitment activity of Europe’s insurance industry during October 2021 over previous month.

Zurich Insurance Group posted 173 IT jobs in October 2021 and registered an increase of 24.46% over the previous month, followed by Swiss Re with 85 jobs and a flat growth. AXA with 79 IT jobs and Allianz with 73 jobs, recorded a 259.09% rise and a 22.34% drop, respectively, while Willis Towers Watson recorded a 75% increase with 42 job postings during October 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 27.96% share in October 2021, an 11.85% increase over September 2021. Germany featured next with a 16.11% share, down 3.55% over the previous month. Spain recorded a 9.83% share, a growth of 10.67% compared with September 2021.

Junior Level job postings dominate in October 2021

Junior Level jobs held a share of 71.45%, up by 5.05% from September 2021. Mid Level positions with a 16.59% share, registered a growth of 28.44% compared with the previous month.

In the third place was Entry Level job ads with 10.78% share, up 22.97% over September 2021, while Senior postings accounted for 1.18%, recording a month-on-month growth of 25%.