Insurers optimistic about hiring, revenue
April 25, 2023 by Ayo Mseka
Insurers are showing hiring optimism as 67% of them have plans to increase their staff during the next 12 months, driven by the property/casualty segment at 69%. In addition, 79% of companies expect to grow revenue during the next 12 months. This is according to a study by The Jacobson Group and Ward, part of Aon plc.
Commercial lines P/C companies are ,most optimistic when it comes to increasing revenue, as 81% expect growth, compared to 78% of balanced lines companies and 67% of personal lines companies, the survey said.
In addition, 93% of life/health companies expect an increase in revenue, and 50% of the companies stated that change in market share will drive their expected revenue changes. Thirty-five percent also cited pricing factors.
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