The insurance industry’s labor market is showing signs of a deeper shift as carriers pull back on hiring and increasingly look to technology and existing staff to improve efficiency. Insurance employment has declined in 14 of the 17 months since its February 2025 peak, resulting in a net loss of roughly 90,000 jobs. Dr. Robert Hartwig, director of the Center for Risk and Uncertainty Management at the University of South Carolina, put the trend in perspective, noting that “while overall employment growth has been stagnant, it’s been falling relatively quickly in the insurance sector.” The changes come as insurers contend with cost pressures, workforce adjustments and growing investment in AI and automation. To read more about the story, click here.
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