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Finance Market Update UK Insurance 2020

In the first half of 2020 we saw a steady level of hiring across Finance within the Insurance Sector, which was only marginally impacted by the COVID-19 pandemic with recruitment still happening albeit at a much slower pace.

Overall the Insurance Finance market wasn’t as heavily impacted by the pandemic in comparison to other sectors in financial services such as Banking and Asset Management. We found that the majority of hiring was concentrated within the Lloyds and London market space with pockets of growth outside of this in areas like reinsurance, with many organisations forging ahead with their plans for headcount growth despite turbulent market conditions.

The first half of 2020 also witnessed a large volume of Finance contractors converting to permanent contracts in response to the now delayed implementation of IR35.

For further information including key market trends, in-demand skillsets, future hiring trends, the future of hiring, salary benchmarking and more please download the full report, or get in touch with Chirag directly to discuss.

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