As the market evolves, how are vacancies for underwriters faring in England and Wales? What is the impact of IT on underwriters? Which regions are experiencing upticks? Who out of the biggest insurers is leading the chase for new talent? Read our latest insurance sector trends report to discover more.
Written in partnership with Harrison Holgate, this report analyses the recruitment of underwriting and IT Professionals within the insurance sector in England and Wales. It provides a comparison of monthly and annual totals trends, a regional breakdown of recruitment, and the hiring activity of top firms.
Key findings include:
- Underwriting jobs are so far over twice 2020’s totals and already surpassing 2021’s
- RSA Insurance Group is the busiest recruiter this year for underwriting jobs
To discover more insights and trends for the UK’s insurance labour market, download our report now.
Looking at this year by business quarter, we can see that there was a 6.8% increase in legal vacancies across commerce and industry in Q3 compared to Q2, which bodes well for the remainder of the year. Q4 is typically the busiest quarter of the year for vacancies overall, so we would expect to see that translate into vacancies for legal counsel. This is according to the latest UK Legal Labour Market Trends report by Search, and labour market data analysts Vacancysoft.
When analyzing trends in Med Tech, we see 2023 is set to witness a substantial 27.9% increase in vacancies compared to 2019, indicating steady and robust growth. Similarly, in 2023, scientific jobs are projected to represent a 21.2% share of all vacancies, marking a notable improvement compared to the 14.2% share recorded in 2022, according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
Comparing the South’s professional vacancies to the National total, while England and Wales as a whole are predicted to see a decrease, the South as a region could increase its market share, potentially reaching 29.8% in 2023 according to APSCo and labour market data analysts Vacancysoft.