Specialists in compliance and risk with 3-7 years experience are in particularly high demand

PPI complaints surge

The number of insurance jobs advertised year-on-year in London has increased by 13%, according to research from specialist recruiter Robert Walters.

In the North West vacancies grew by 29% while the Midlands saw a 22% year-on-year increase.

Figures from the Robert Walters UK Jobs Index, which charts vacancy numbers posted to online platforms, revealed insurance vacancies grew 14% nationally from Q1 to Q2.

Robert Walters insurance manager Richard Johnson said: “The demands of the FCA and PRA have contributed to a highly favourable market for compliance, risk and audit professionals across the Insurance sector.”

“In particular, specialists in compliance and risk with 3-7 years experience are in particularly high demand.

“Moving into the third quarter we expect to see demand continuing to increase as companies prepare for the Solvency II January deadline and submit information for the senior insurance managers regime.”

He added: “As the UK’s recovery from the recession looks increasingly assured, we are seeing this reflected not only in the healthy growth in number of jobs advertised, but also in the specific roles employers are looking to fill.”

Regional growth

Walters said the growth in the regions was being driven by employers onshoring roles previously outsourced overseas.

The recruitment agency said: “The Midlands and North West are able to offer an attractive location for these operations, with lower operating costs than the Capital.

“As a result, the North West saw insurance vacancies grow 29% compared to Q2 2014 while insurance vacancies in the Midlands grew 22% over the same period.”