How did professional vacancies in Insurance fare across England and Wales in 2022? What was the impact on the Insurance sectors? Which regions experienced upticks? Which firms were the busiest?
Written in partnership with Harrison Holgate, this report analyses the recruitment of different professions within the Insurance sectors in England and Wales. It provides a comparison of monthly and annual totals trends, a regional breakdown of recruitment, and the hiring activity of top firms.
To discover more insights and trends that drove
UK’s Insurance Labour Market in 2022,
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Perhaps inevitably, the post-pandemic period has resulted in a hangover for the sector, as the combination of quantitative tightening leading to a slowdown in funding for emerging biotechnology firms, combined with the delays associated with getting new trials approved over the period, has meant that in recruitment terms, 2023 really was a slow year. Indeed, vacancies in 2023 were 42.6% lower than in 2022.
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%.
Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.