Insurance Sector Report – Underwriting

Insurance Sector Report – Underwriting

As time ticks away in the run-up to October 31, the concern for the Government will be that businesses are now with-holding investment until it becomes clear what the relationship will be between the UK and EU, where the Insurance market is one of many sectors where this trend is visible.
As an example, when comparing 2019 to 2018, what we have seen is that the overall volumes in Insurance have decreased by 16.7%.

Insurance Sector Report – Actuary

Insurance Sector Report – Actuary

When analysing the volumes as a function of all vacancies being posted, we see the variance as being between 1.5-4.5%, where November 2018 especially registered a peak in activity for the past two years.

Within the insurance sector, Aviva were the largest recruiters, with volumes up 16%.

Insurance Sector Report – 2018 In Review

Insurance Sector Report – 2018 In Review

When analysing the recruitment for other professional non specialist insurance roles, this is more extreme, in that we see that nearly two thirds of such generalist vacancies within Insurance now sit outside the capital.

Banking in Europe, Recruitment trends in 2017

Banking in Europe, Recruitment trends in 2017

Key take-aways:
– The single largest increase in activity has been in France, but this activity has been primarily caused by French banks increasing their activity.
– Germany, Ireland and Poland have all been witnessing a significant surge in hiring from the major American Banks.
– We estimate that Poland specifically could be the biggest winner out of Brexit, with over 30,000 jobs forecast to move to Warsaw.

Regulatory & Compliance Vacancies

Regulatory & Compliance Vacancies

Key take-aways:

1. The number of vacancies for regulatory and compliance staff in England & Wales in the 12-month period ended 31 July 2017 was 16.6% higher than it had been in the previous 12-month period.

2. The trend for the 12-month period which ended on 31 July 2017 was upwards, a contrast to the downwards trend in the previous 12-month period.

3. There was period-to-period growth in each of the three-month periods in the 12-month period which ended on 31 July 2017.

The Insurance Sector: Underwriting Vacancies

The Insurance Sector: Underwriting Vacancies

Key take-aways:

The number of vacancies for Underwriters in England & Wales in the 12-month period ended 31 May 2017 was 4.3% lower than it had been in the previous 12-month period.

The trend in the number of Underwriter vacancies for the 24-month period which ended on 31 May 2017 was upwards, as were the trends in both of the 12-month periods under review.

While Greater London was the location for 38% of all vacancies in the Insurance industry, it was where 45% of newly announced Underwriter posts were to be found.