U.S. life and health insurers are less optimistic about hiring now than they were a year ago, but they still hope to add employees.
They are expecting to increase employment by an average of 0.51% over the next 12 months, according to a survey organized by the Jacobson Group and Aon's Ward Benchmarking unit.
That's down from a projected growth rate of 1.69% in the survey report for the 2022 hiring year.
What It Means
Some of the life insurers backing your clients' life insurance policies and annuity contracts may have been facing more turbulence than they had expected.
The Survey
Jacobson is a Chicago-based recruiter.
Ward organizes insurance company operations surveys.
The firms use a voluntary employer survey to generate the hiring outlook data.
What Happened in 2022
At the beginning of 2022, 65% of the survey participants thought they would add employees, 32% thought they would maintain their current size, and just 3% thought they would shrink.
