Underwriting — UK Insurance Labour Market Trends, Feb 2022

Underwriting — UK Insurance Labour Market Trends, Feb 2022

With underwriting hardwired into the UK financial system, how did vacancies for underwriters fare in 2021? Which insurance sectors experienced hikes in recruitment, and who were the firms who boosted hiring? Read our latest insurance report now and find out.

Insurance Sector Report – Underwriting

Insurance Sector Report – Underwriting

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%.

The Insurance Sector: Underwriting Vacancies

The Insurance Sector: Underwriting Vacancies

Key take-aways:

The number of vacancies for Underwriters in England & Wales in the 12-month period ended 31 May 2017 was 4.3% lower than it had been in the previous 12-month period.

The trend in the number of Underwriter vacancies for the 24-month period which ended on 31 May 2017 was upwards, as were the trends in both of the 12-month periods under review.

While Greater London was the location for 38% of all vacancies in the Insurance industry, it was where 45% of newly announced Underwriter posts were to be found.