Insurers Looking to Hire in Competitive Market

August 30, 2018—Insurance companies are hoping to hire additional employees over the rest of 2018 in a labor market that remains extremely competitive, according to a study from The Jacobson Group and Aon’s Ward Group, reported Insurance Journal.

About 63 percent of companies said they will be increasing their staff during the next year. According to the semi-annual report, 72 percent of personal lines carriers plan to boost staffing and 66 percent of commercial lines carriers will do the same.

According to Insurance Journal, companies surveyed said that new technology, claims and underwriting staff are high on their list of hiring priorities. Executive, technology and actuarial positions are the hardest for them to fill.

Right now, the insurance industry unemployment rate hovers at 1.7 percent, which lower than the national average of 3.9 percent, reported Insurance Journal.