Risk – Insurance, UK Labour Market Trends, April 2024

Risk – Insurance, UK Labour Market Trends, April 2024

Insurance companies face new risks due to economic volatility, higher interest rates, geopolitical uncertainty, and climate change. This has led to a rise in demand for risk professionals, with vacancies up by 11.4% in 2024 compared to last year. March 2024 had the highest number of risk vacancies in over a year, indicating a continuing trend.

Claims – Insurance, UK Labour Market Trends, March 2024

Claims – Insurance, UK Labour Market Trends, March 2024

Claims continue to grow, with recruitment within insurance firms persisting across all sectors. The escalating impact of climate change on the property sector is evidenced by a long-term increase in insurance claims payouts, surpassing those of a decade ago.

Year in Review: UK Insurance Labour Market Trends, January 2024

Year in Review: UK Insurance Labour Market Trends, January 2024

In a world of ever-increasing risk, specialist insurance services rise as businesses look to mitigate their exposure. Hence, for the industry, 2023 has proven to be a busy year, with the sector being one of the top performers across all industries in terms of year-on-year activity this past year. On that point specifically, we saw vacancies drop by 15.1% compared to 2022. That compares to an all-industry fall of 30%.

Change Management – Insurance, UK Labour Market Trends, September 2023

Change Management – Insurance, UK Labour Market Trends, September 2023

According to the 2023 forecast, (Non-IT) Change vacancies are poised for remarkable growth, with a projected increase of 9.2%. As a result, vacancies this year on track to hit record levels, with a forecast of 113 versus 103 last year according to the latest UK Labour Market Trends report by Harrison Holgate and labour market data analysts Vacancysoft.

London – Insurance, UK Labour Market Trends, July 2023

London – Insurance, UK Labour Market Trends, July 2023

As one of the largest insurance markets in the world, the UK industry is surpassed in size only by the U.S., China, and Japan, where London is at the heart of that. With that, since quantitative tightening was initiated last summer, nearly all other market segments have slowed down in the capital. Not with Insurance, with January 2023 hitting all-time record levels according to Insurance specialists Harrison Holgate, and labour market data analysts Vacancysoft.

Risk – Insurance, UK Labour Market Trends, June 2023

Risk – Insurance, UK Labour Market Trends, June 2023

Recruitment in the UK insurance industry has remained remarkably resilient as the regulatory changes and pricing reforms introduced by the Financial Conduct Authority (FCA) in 2022 to protect consumers have forced companies to make changes and focus on technology and digital platforms to meet the evolving needs of their customers, according to the latest finance report by Harrison Holgate and labour market data analysts Vacancysoft.