City AM: Busy claims year drives demand for risk professionals in London insurance market
High demand for risk professionals in insurance due to rising business interruption claims. London experiencing a significant surge in job opportunities.
Risk – Insurance, UK Labour Market Trends, April 2024
Insurance companies face new risks due to economic volatility, higher interest rates, geopolitical uncertainty, and climate change. This has led to a rise in demand for risk professionals, with vacancies up by 11.4% in 2024 compared to last year. March 2024 had the highest number of risk vacancies in over a year, indicating a continuing trend.
Claims – Insurance, UK Labour Market Trends, March 2024
Claims continue to grow, with recruitment within insurance firms persisting across all sectors. The escalating impact of climate change on the property sector is evidenced by a long-term increase in insurance claims payouts, surpassing those of a decade ago.
City AM: Insurance sector outperforms financial services in 2023
Vacancies in insurance have decreased by 15.1%, demonstrating the sector’s resilience compared to a 30% decline in financial services.
Year in Review: UK Insurance Labour Market Trends, January 2024
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%.
