How is the insurance industry faring in the London market amid the recent global and local changes? Which roles among insurance professionals are the most in-demand? What are the busiest sectors and firms? Download our new insurance report to find out.
Produced and researched by recruitment industry data analysts Vacancysoft, this report examines the labour market trends in the insurance industry relevant to the London region. It compares the monthly and annual hiring levels across three years, observes the performance within the professional areas and roles, examines the number of vacancies by sector, and spotlights the hiring activity of top insurance firms.
To discover more insights and trends for the UK’s insurance labour market, download our report now.
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.
In a sign of the times, industrial engineering, which encompasses aerospace and defence, has proven to be the top performing industry this past year, up 21% on 2022. At the same time the impact of quantitative tightening on the London market has been felt heavily across both finance and technology. As a result, vacancies in the capital are down 40% on the prior year. This is according to the latest UK labour market trends report by leading professional body APSCo and market data analysts Vacancysoft.