Data shows increase in demand for finance and insurance professionals

Figures from labour market analytics data provider Innovantage have shown an increase in online advertising activity for front-line roles across a number of sectors, including finance and insurance.

The data analysed job posting trends, exploring original job adverts and reposts of job roles to identify which sectors saw the highest increase in demand for front-line workers.  

Rise

The study found that the finance and insurance sector saw a higher than average rise in demand of 40% between June 2017 and June 2018, while the official vacancy number for the finance and insurance sector increased by 3%.

The number of original ads in finance and insurance increased by 34% year-on-year, while the number of vacancies in the sector increased by 15% year-on-year.

The figures identified the areas that saw the biggest increase in demand in the sector, with original ads for Actuaries, Investment Management and Underwriting Professionals rising by 90%, 38% and 57% respectively.

Regional variations in the number of original online job ads were also shown, with the volume of original job ads in London being 35% higher than for June 2017 and the volume of jobs increasing by 2% year-on-year.

Change

Data from the Innovantage Demand Barometer also showed a percentage change in the number of original job ads in the banking and insurance sector from April 2017 to April 2018, with a rise of 2%, while original job ads in the accounting and finance sector also rose by 2%.