08.15.25
About 30% of Life and Annuity Issuers Cut Staffing in Past Year
by: Allison Bell
A new hiring survey from the Jacobson Group, Aon and Ward highlights diverging staffing trends among life, health and annuity insurers. About 30% reported workforce reductions over the past year, while 70% increased headcount, suggesting a widening gap between growing and shrinking organizations. Analysts say cuts may stem from strategic shifts or remote work reducing office support needs. While 90% of executives expect revenue growth, hiring forecasts are modest, with technology and analytics roles prioritized. Industry job openings fell to 307,000 in June, well below 2022 peaks but still above pre-pandemic levels.
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