Home Business News Insurance claims jobs soar with London publishing most UK vacancies

Insurance claims jobs soar with London publishing most UK vacancies

by LLB Reporter
8th Mar 23 12:05 pm

According to the latest UK Insurance Labour Market Trends report by Harrison Holgate and market data analysts Vacancysoft, despite the economic volatility, 2022 was a successful year for UK’s Claims specialists. With over 3,700 new professional Claims vacancies in the Insurance sector across England and Wales, this represented a year-on-year growth of 51% from 2021.

March 2022 proved to be the peak month of the year, achieving 397 jobs (17.1%), which was also the highest monthly totals across the 2020-22 period. The fastest-growing month-on-month change for Claims in the year was January (36.8%).

Matthew Waters, Managing Director of Harrison Holgate said, “The need to balance capability and resource in such a time-sensitive technical role remains critical. A pipeline of highly knowledgeable, capable, technical claims professionals is vital. There is no immediate sign that hiring volumes in the claims sector will slow. 2023 is set to remain a busy year for hiring in the claims sector”.

Highest surge in vacancies for Claims jobs in the North East and East Midlands

A regional breakdown of the vacancies shows that Greater London led the way once more, publishing over 900 new jobs in the capital across the Insurance sectors. These numbers translate into a yearly rise of 52.4% from 2021.

However, Claims jobs in the North East experienced the largest growth, with a massive 550% year-on-year increase in new jobs in 2022, a sign of the buoyant insurance market. This was followed by East Midlands, which saw volumes up 95.1% compared to 2021.

General Insurance thrives in numbers and growth; Slow year for Non-Life

Segmented by sectors, General Insurance topped the table in 2022, closing the year with over 2,800 new jobs, certainly surpassing 2021 and almost hitting three times the volume seen in 2020. This constitutes a remarkable year-on-year growth of 55.2% in relation to a year earlier: While activity was slower than the previous year when it experienced a prominent jump of 92.1%, it was the most significant yearly rise of 2022 among all insurance sectors.

Conversely, Non-Life Insurance, which ranked second in job volumes, having published over 800 new Claims vacancies, recorded a rise of 38.5% compared to 2021. This was the slowest growth year-on-year among all sectors analysed. Of note, this sector experienced the fastest year-on-year change across the 2020-22 period in 2021, when volumes went up 220.7%.

Sedgwick dominant recruiter; PIB Group biggest surge

A closer inspection of the top organisations hiring the talent of Insurance Claims specialists shows that Sedgwick was the busiest in 2022. The London-headquartered firm recorded a year-on-year growth of 72.8% compared to 2021, achieving over 250 new jobs.

Crawford & Company was the second best-performing firm, experiencing a notable yearly rise of 67.2% from 2021.

Meanwhile, the most significant year-on-year growth was experienced by PIB Group. The London-based insurance advisory business registered an extraordinary surge of 371.4% from 2021 volumes, achieving over 100 new jobs.

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