According to a report by recruitment industry data analysts Vacancysoft, insurers in England and Wales published 290 new jobs for risk specialists in the first three months of 2022, up 44.3% quarter-on-quarter and 173.6% more than the same quarter in 2021.
Last year, there were 740 vacancies for risk insurance professionals in the sector, an all-time high that represented a 122% year-on-year rise. On their current trajectory, recruitment levels in 2022 look set to increase 105% year-on-year, on a potential course to reach over 1,500 new jobs.
The largest region for risk vacancies is London, with new jobs in the capital rising 114.5% year-on-year in 2021. In early 2022 they are climbing at a solid pace, already reaching 46% of the total vacancies published in the capital across the whole of last year — and are set to increase by 37.5% year-on-year.
The South East experienced the greatest growth, with recruitment levels in 2021 rising 150% in relation to 2020. This year, they’re projected to increase by 67.1% in the region. As a result of this growth, the South East now accounts for 11.7% of England and Wales vacancies, the greatest number outside London (53%), leapfrogging the West Midlands (8.1%), which held second spot in 2021.
Out of the top firms recruiting for risk specialists in England and Wales, growth at three of the first five is progressing at a slower pace in 2022 than during the same period in 2021.
With 50 jobs published so far in 2022, recruitment at first-placed AXA rising 15.3% slower. In 2021, AXA recorded nearly 180 risk vacancies. That’s three times more than the firm in second place, Phoenix Group, where in 2022 risk jobs are rising 8.5% slower than last year. Admiral, in fifth, is experiencing the fastest growth in the top 10, with 50% more vacancies in the first four months of 2022 compared to the same period last year.
