The latest from Australia’s insurance industry: Insurance companies have been recruiting more young people to work in the industry
Australia’s insurers have been taking a greater interest in recruiting and training young people from the young, and the young are not pleased.
Key points:The latest recruiting figures from the Australian Insurance Council show more than a third of the top 100 recruiters were womenIt is not just in the private sector that young people are finding it harder to get a job, it is also in the health and safety industryThe latest recruitment figures from Australia ‘s insurance industry show more people aged under 25 are getting jobs in the insurance industry than ever before.
The numbers show a growing trend towards women in the business, with the percentage of top 100 applicants for positions within the insurance business reaching its highest point in eight years.
The data also shows that the percentage increase in the number of women entering the private insurance industry has been faster than the rate of increase for all industries, although the increase has slowed from 7.9 per cent in 2017 to 6.9 in 2018.
It is also the case that the number, and gender, of young people entering the industry has increased since 2015, but the rate at which young people get jobs has been relatively flat, which suggests there is a trend towards young people in the workplace.
“There is a lot of work to be done to make sure we’re retaining a younger workforce,” said John Tewksbury, the CEO of the Australian Industry Group.
“But we’re making progress.”
The data shows the number and gender of young Australians entering the insurance sector has increased from 7 per cent to 6 per cent since 2015.
The number of young applicants for top 100 positions in the insurers industry reached a new high in 2018 with almost half of the positions held by women and almost one in three were filled by young people under 25.
A majority of these jobs are in the public and private sectors, where recruitment is also higher, but there are some other sectors in which the trend is more mixed.
In the health insurance sector, which has been particularly affected by the coronavirus pandemic, women made up nearly one in four of the applicants.
The numbers were also more than double the number that they were in 2017.
The statistics show a rise in recruitment from young people, but they are also showing a decline in women applying.
The number and genders of young persons applying to the private health insurance industry in 2018 has been on a downward trend.
Between 2015 and 2018, the number dropped by one per cent.
However, the rate for female applicants to the insurance market was down four per cent from 2017 to 2018.
In the public health insurance market, the numbers of women applying to cover their children in 2017 were still higher than they were four years ago.
But the trend has slowed down.
In 2018, women were applying to enrol more than twice as many young persons as men.
In total, more than 2.2 million young people applied for insurance cover in the year to the end of December 2018, up six per cent on the year before.
This is down from 3.3 million applications in 2017, but up six points from the year prior.
The trend has also seen an increase in female applicants.
Women were applying for an average of 1.5 million claims in the first nine months of the year, up eight per cent compared to 2017.
However this was down by seven per cent, from the first half of 2017, to the first quarter of 2018.