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Hiring managers at the life and health insurers that power employers' health and welfare plans are happy with how the economy looks from their windows.
Human resources staffers at the insurers told an insurance labor market survey team that they expect to increase their total employee count by a total of 1.49% over the next 12 months.
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The survey is organized by the Jacobson Group and Aon's Ward Benchmarking business.
The life and health companies' new projected growth is up from a projected 12-month growth rate of only about 0.5% reported in August 2023.
A year ago, only 56% of the participating life and health insurers predicted they would increase the number of employees. In the real world 69% ended up expanding employment.
Life and health insurers are most interested in hiring technology staff. Their second biggest hunger is for sales and marketing professionals.
Offices
The survey team also asked about work-from-home and remote-work policies.
About 72% of all of the insurers participating, including both the life and health and the P&C companies, require employees to work in the office one to four days per week.
Fully remote strategies are more popular than fully in-office strategies: 24% of the insurers have shifted to full-time remote work. The percentage that require workers to come in five days per week has fallen to 4%, from 6%.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
