U.S. life and health insurers have been doing well enough in recent months to go out hiring.
They plan to expand employment by 1.69% over the next 12 months, according to analysts at the Jacobson Group and Aon's Ward unit.
About 65% of the insurers that participated in a labor market survey predicted that they will increase their number of workers in the coming year.
In January 2021, only 43% of those insurers thought they could do well enough in the COVID-19 era to expand. But by December, 48% of the insurers had expanded. Only 19% had cut the number of employees.
The Survey
Jacobson is a Chicago-based firm that helps companies in the insurance industry with hiring.
Ward is a company that compiles performance comparison data for companies in the insurance industry.
The firms base their quarterly and annual insurance sector data on a voluntary employer survey.
