Lloyd's of London's recent report indicates that the underwriting conditions in the insurance market are the most favorable in over a decade, reflecting significant growth in profits and employment.
Insurance vacancies in London have increased by 6.6% this year, drawing attention away from regional markets, which have seen a decline of 13.7% in vacancy volumes.
The Insurtech sector is crucial in reshaping the demand for insurance specialists, with roles expanding into areas like Accounting, Banking, and Technology, and a notable 22% rise in tech hiring.
Despite previous downturns, demand for underwriters is projected to grow by 11.4% by the end of 2024 as the insurance industry adapts to new emerging risks.
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