A recent report from Jacobson’s Q3 2024 Insurance Labor Market Study indicates a stable employment outlook within the insurance industry, with 86% of carriers planning to maintain or increase staff levels in the coming year. The Bureau of Labor Statistics reports consistent job growth in the sector, although the pace remains modest. Notably, there has been a shift in demand, with underwriting and claims positions now prioritized over technology roles. While automation is a concern for 14% of companies expecting workforce reductions, the majority are focused on filling experienced positions as recruitment challenges persist.
