Mar 02, 2022
The insurance sector is seeing record growth in hiring with 72% of companies planning to increase staff during the next 12 months, according to a survey by The Jacobson Group and Aon. The primary reason for staff increases is an expected increase in business volume. Eighty-two percent of companies expect to grow revenue during the next 12 months, which is 4 points higher than the July survey.
The talent landscape is further intensifying as the industry hits a record number of job openings. Evolving candidate expectations have set the stage for continued movement and ongoing reshuffling, creating one of the most difficult recruiting climates the industry has ever seen. Positions are taking an average of two weeks longer to fill than before the pandemic. Product Management and Technology are the top two areas where companies are looking to add experienced staff. Operations and Claims roles were identified as areas most likely to add entry-level positions. Technology, actuarial, and analytics positions are the hardest to fill.
companies say they are offering flexible options for employees:
- 89% offer a hybrid model (work from home and in-office)
- 45% offer full-time remote
- 39% offer flexible hours
- 36% offer occasional work from home
- 4% are making no changes since before the pandemic
