The global insurance industry experienced a 10% rise in new job postings related to social responsibility in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 28% increase versus Q2 2023. GlobalData’s Insurance: Hiring Trends & Signals Q2 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, Management Occupations jobs accounted for a 17% share of the global insurance industry’s social responsibility-related total new job postings in Q2 2024, up 28% over the prior quarter.
Management Occupations drive social responsibility-related hiring activity
Management Occupations, with a share of 17%, emerged as the top social responsibility-related job roles within the insurance industry in Q2 2024, with new job postings rising by 28% quarter-on-quarter. Business and Financial Operations Occupations came in second with a share of 17% in Q2 2024, with new job postings rising by 16% over the previous quarter.
The other prominent social responsibility roles include Computer and Mathematical Occupations with an 11% share in Q2 2024, Office and Administrative Support Occupations with a 9% share of new job postings.
Top five companies in insurance industry accounted for 39% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Allianz, Humana, Intact Financial, Manulife Financial, and Government Employees Insurance. Together they accounted for a combined share of 39% of all social responsibility-related new jobs in the insurance industry.
Allianz posted 1,179 social responsibility-related new jobs in Q2 2024, Humana 1,134 jobs, Intact Financial 996 jobs, Manulife Financial 913 jobs, and Government Employees Insurance 668 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 47.79% share of total new job postings, Q2 2024
The largest share of social responsibility-related new job postings in the insurance industry in Q2 2024 was in the US with 47.79% followed by Canada (13.22%) and the UK (10.55%). The share represented by the US was two percentage points higher than the 46.14% share it accounted for in Q1 2024.
For further understanding of GlobalData's Insurance: Hiring Trends & Signals Q2 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.
