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%.
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%.
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.
