The US insurance industry experienced a 39% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by Progressive with 3,445 job postings according to GlobalData’s analysis of insurance company job postings. GlobalData’s Insurance: Hiring Trends & Signals Q1 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the insurance industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Business and Financial Operations Occupations jobs accounted for a 20% share of the US insurance industry new job postings in Q1 2024, up by 16% over the prior quarter.
Business and Financial Operations Occupations drive insurance industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Business and Financial Operations Occupations, which accounted for 20% of the total new job postings in Q1 2024 and were down by 12% year-on-year. Second highest were Sales and Related Occupations, which accounted for 15% and rise by 41% year-on-year, and third highest were Management Occupations, which were 14% of the new job postings and 43% lower year-on-year.
Top five companies in insurance industry accounted for 27% of hiring activity
The highest number of jobs were posted by Progressive with 3,445, followed by Allstate with 2,952, while the highest increase was at Freeway Insurance Services Amercia at 28%.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
