Notably, Computer and Mathematical Occupations jobs accounted for a 40% share of the global insurance industry’s artificial intelligence-related total new job postings in Q3 2023, down 33% over the prior quarter.
Computer and Mathematical Occupations drive artificial intelligence-related hiring activity
Computer and Mathematical Occupations, with a share of 40%, emerged as the top artificial intelligence-related job roles within the insurance industry in Q3 2023, with new job postings drop by 33% quarter-on-quarter. Management Occupations came in second with a share of 13% in Q3 2023, with new job postings dropping by 25% over the previous quarter.
The other prominent artificial intelligence roles include Business and Financial Operations Occupations with a 7% share in Q3 2023, Architecture and Engineering Occupations with a 2% share of new job postings.
Top five companies in insurance industry accounted for 26% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were AXA, Allianz, M&G, Cambia Health Solutions, and Swiss Re. Together they accounted for a combined share of 26% of all artificial intelligence-related new jobs in the insurance industry.
AXA posted 162 artificial intelligence-related new jobs in Q3 2023, Allianz 111 jobs, M&G 96 jobs, Cambia Health Solutions 81 jobs, and Swiss Re 79 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 46.58% share of total new job postings, Q3 2023
The largest share of artificial intelligence-related new job postings in the insurance industry in Q3 2023 was in the US with 46.58% followed by India (8.26%) and Canada (7.28%). The share represented by the US was one percentage point lower than the 47.21% share it accounted for in Q2 2023.
For further understanding of GlobalData’s Insurance: Hiring Trends & Signals Q3 2023, buy the report here.
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