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.
After a roller coaster period, with record numbers of vacancies in 2022, there are signs the market is now starting to normalise, where by most accounts, it is now stabilising at the levels seen in 2019, so before the pandemic according to a new report by APSCo, and labour market data analysts Vacancysoft.
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.