Moving to the UK and looking for a new job? If so, what business sector do you think is growing 22x faster than the rest of the British economy? Brace yourself….it’s insurance, folks. Yup, insurtech, to be specific. So, whilst (that sounded very British, didn’t it) you look for a cool new job at Google or Facebook or some hot new tech startup, remember that everything old is new again, and insurance is one of THE hottest industries out there for employment in the new digital economy.
“There’s no denying it – insurtech has been big news this year.
In the UK, the sector saw record investment levels, pulling in £218 million in just the first half of 2017 – more than double the amount invested in the whole of Europe combined, according to Accenture figures.
And while Brexit nerves could have knocked confidence, if jobs are anything to go by, insurtech growth in the UK shows no sign of slowing down.
The number of insurtech vacancies in the UK has grown by an average of 22% per month in the last year – compared with a growth rate of just 1% monthly in the UK job market as a whole, research from meta search engine Joblift has revealed.
London was home to the most insurtech vacancies in the last 12 months, with the capital dominating 76% of all positions posted. The city saw almost 50 times more insurtech roles than second-place Manchester, which held 2% of all vacancies. Belfast came in third, thanks to tech company Funds-Axis’s operations hub there.
The most sought-after roles, taking up 12% of all vacancies, were web developers and analysts. Ranking in second place were programmers, who made up 9% of all postings, with consultants rounding off the top three with 8%.
In traditional insurance however, the number of roles advertised decreased by an average of 1% per month over the last year…”
Full Story at Insurancebusinessmag.com