Insurance Jobs - Market Overview


"2018 is going to bring some exciting challenges and plenty of opportunities. Brexit, GDPR and artificial intelligence will all impact the insurance sector throughout this year and beyond."

Thoughts on the Market

2017 continued to showcase Ireland’s recovery and this has been reflected in the growth in employment and increased FDI. The insurance sector has been voicing optimism for quite some time with the majority of companies expanding and we expect further growth in 2018 and beyond.

The mood is positive for the year ahead, however some challenges have been identified such as the introduction of GDPR, the impact of Brexit and the skills shortage in an economy reaching near full employment.

The skills shortage has seen companies expanding their search for talent internationally for positions that would traditionally have been filled with local talent. This trend is only going to continue in 2018 and multilingual candidates will become more and more the norm.

The UK Brexit vote has led to many international insurers based in the UK outlining plans to relocate to another EU jurisdiction. Dublin has been identified by several large insurance and reinsurance companies as their intended EU base due to Ireland being the only English speaking country in the EU post-Brexit and availability of EU passporting benefits.

Overall 2018 will be an exciting year in the insurance sector and it is going to be interesting to see how companies handle the challenges and opportunities facing them in the year ahead. But if anyone is going to lead the way in managing the risks these opportunities and challenges will bring, it must be the insurance sector.

Life Assurance

The life and health insurance sectors in Ireland have seen some interesting developments in recent years with several mergers and acquisitions as well as new entrants to the Irish market. Qualified financial planners and pensions administrators continue to be the main movers within these spaces and they show no sign of slowing down.

Pensions administrators were highly sought after in 2017 and in particular candidates with defined benefit and defined contribution skills. With the rundown of large defined benefit schemes in Ireland and defined contribution schemes being the primary pension choice of large organisations, candidates skilled in the day-to-day administration of these schemes will continue to be in high demand throughout 2018. 

General Insurance

Traditional skills such as claims, underwriting and brokerage consultants continue to be sought at a steady, if not spectacular, pace. 

The increased focus on insurance fraud has seen claims professionals with experience in this area in demand. Increasingly large compensation payments have highlighted the need for companies to focus more resources in their claims and fraud departments. There is no indication this will slow down in 2018 ,therefore candidates should be highlighting their experience in this area.


One of the areas that saw significant growth in 2017 was compliance and risk, as insurance companies brace for the introduction of GDPR in May 2018. With the countdown to GDPR in full swing, insurance companies are actively trying to alleviate the disruption to their operations by getting the right people in place. This has led to compliance and GDPR qualified professionals becoming some of the most sought-after people in 2018 with both permanent positions and project roles opening across the sector.


Brexit brought about some interesting news for the Irish reinsurance market with several companies identifying (and several more still considering) Dublin as the location of choice for their EU headquarters.


Qualified and part-qualified actuaries are continuing to attract considerable interest. New graduates are also in high demand with internships offering a great path into a trainee role.

Salaries in 2018

Salaries are continuing in an upward trend and skilled employees are, in certain cases, in a position to seek a 10-15% increase when moving. This was a similar trend for specialist roles in 2017, however, we are seeing similar increases now in the 1-3 years’ experience bracket.

Top Tip For 2018

Our top tip for 2018 is targeted at employers and the need to move quickly when they have identified top talent. With the talent pool shrinking and the rise of counteroffers, companies are doing their utmost to keep hold of key people and potential employers will need to act fast to secure skilled candidates. Too often in 2017 we saw employers drag their heels with their recruitment processes and miss out on key hires. 

Hot Jobs

  • Experienced Claims Handler
  • Compliance Officer/Executive
  • Pension Administrator
  • Actuary
  • Project/Change Management

Top Skills

  • Project Management/Prince2 or PMP
  • Compliance and regulatory experience
  • DB and DC pension experience
  • Product development

Check out the latest insurance jobs here

Posted by Alan McLoughlin on 28 March 2018

Sign up for HR & Recruitment Insights Weekely Email

Get a weekly email filled with content about GDPR, Recruitment, Hiring, Employer Branding and Company Culture direct to your inbox.

Sign up for our Jobseeking Tips & Advice Weekly Email

Get jobhunting tips, productivity hacks and career planning advice direct to your inbox.

Related Content


Five Ways To Impress Your Boss

Five Ways To Impress Your Boss

This may come as a shock, no one expects you to be perfect and know everything, even your boss! Sometimes you may feel like you’re not good enough and worry that you can’t impress your manager, but it is actually easier than you think and you’re probably doing some of these things already… 1. Dress to Impress Make sure your personal hygiene is impeccable. One of the worst office offences is bad body odour. Once you have your personal hygiene in check, dress smart. Dressing well will impress your superiors and your fellow colleagues. It will also give a little extra confidence while you do your day to day tasks. via GIPHY 2. Timekeeping Traffic, public transport, school runs, they can be a nightmare in the mornings and we’ve all been there, but it’s no excuse to be late for work constantly. Want to make a good impression? Be on time! Even if it means you have to leave earlier in the morning. If you want to impress your boss, you have to make real effort and show you are reliable. Bad time-keeping is a pet hate for managers. Remember: When you are late, show you understand that time-keeping and attendance matters and always inform your manager that you’re late. A quick text or phone call can really make all the difference. via GIPHY 3. Socialise If you want to impress at work, get involved in social events with your colleagues. It’s important for managers to see you gel with the rest of the staff and integrate with the culture of the business. If there isn’t a social scene in work why not try to organise something yourself? You could suggest after work drinks, a running club, a book club? Getting involved is impressive to a boss, but if you can organise your own social activity, that will definitely get your managers attention. via GIPHY 4. Share Ideas Don’t be afraid to tell your boss about ideas you have. Managers appreciate someone who takes their own initiative and wants to help improve things. It’s a great way for your boss to know you care about your role and the company and that you want to make it even better by putting your stamp on things. via GIPHY 5. Be Prepared Always be prepared to work. When you come in in the morning be ready to hit the ground running. When you attend meetings have all the relevant information and documents needed. Remember, you’ve been appointed this role and if your boss sees you struggling in it, it’s not going to impress him/her. Always being prepared and showing your boss you can manage your task will impress your boss and even increase your opportunity for a promotion. via GIPHY It’s always good to remember, not everyone is perfect, and your boss doesn’t expect you to be. Trying your best should always be enough to impress your boss. All a boss wants is an employee who’s working hard and is happy in the company and with the work they do.


How to Land that Promotion

How to Land that Promotion

If you have been in a job for some time, you may feel like you are ready to take on more responsibility or feel you deserve an added amount to your salary. The way you can accomplish this is by doing the following: Own Projects from Start To Finish Creating your own project and implanting it from start to finish is a great way to get a promotion. Showing you have the initiative and determination to carry out your own project will give you the opportunity to be given more responsibility. via GIPHY Do Things You Don’t Have to Do Don’t be the person who says “That’s not my job” and refuses to do tasks they are asked outside their job specification. Sometimes in order to get noticed and to get ahead you need to be willing to do jobs you don’t want to do. via GIPHY Be Prepared Always be prepared to work. When you come in in the morning be ready to hit the ground running. When you attend meetings have all the relevant information and documents needed. Remember, a promotion is a company giving you more responsibility. If you’re not handling what you’re doing then how do you expect to be given more? Always being prepared will impress your boss and increase your chances of a promotion. via GIPHY Be Positive Coming into the office every day and complaining about how you don’t want to be in work or giving out about the work you have to do or complaining about your colleagues, will never land you a promotion. If you’re unhappy doing what you do and you complain constantly, your boss isn’t going to feel comfortable giving you a promotion. via GIPHY Avoid Office Gossip You can’t control workplace gossip, but you can control how to react to it. Not getting involved in office gossip and politics will mean you keep your professionalism. Those who take part in gossip can become known as unprofessional, immature and untrustworthy and none of those characteristics will help you get a promotion. Any time someone tries to involve you in drama, simply say you are not interested and leave the conversation. via GIPHY If you feel you're doing all the above and you have mastered your role and feel like you’re ready to take on more responsibility, it may be time to ask for a promotion. Click here for our blog on How to Ask for a Promotion


The Benefits of Using LinkedIn Effectively

The Benefits of Using LinkedIn Effectively

LinkedIn has been around since 2002 and you’d think 16 years is enough time to master something but essentially people are still using LinkedIn wrong or avoid using it because they don’t know how. This blog will give you a guide to LinkedIn and how it can be used effectively to benefit your career. Who Should Use LinkedIn? Some people understand LinkedIn to be an online CV and it should only be used by jobseekers. This isn’t the case. There is a certain audience for LinkedIn and it does include jobseekers but that’s not all. This is who should use LinkedIn: Anyone in a job Anyone looking for a job Students Freelancers Recruiters Someone who has something to contribute about their industry Someone with an interest in connecting with professionals If you’re any of the above, LinkedIn could be the perfect social media platform for you. However, you will need to know how to use it effectively, depending on your reason for using it. Benefits of LinkedIn if you are Employed: Networking LinkedIn has 500 million users from all over the globe in different industries. This gives you the opportunity to connect with so many different people and broaden your professional connections. This could give you new opportunities for you in your current role. Sharing Ideas & Learning New Things In our current day to day tasks we come across many obstacles. LinkedIn can be a great opportunity to share these difficulties and how you overcame them. Chances are if you found it difficult, so did another person. Sharing your experiences on LinkedIn can help other professionals like yourself with issues and vice versa. LinkedIn gives professionals the opportunity to learn and share new things. Motivation Motivated was the most overused word on LinkedIn in 2014 and 2015 and it’s still in the top 10 of most used words in 2018. Motivation can be infectious on LinkedIn. Everyday new posts on new learnings and achievements are illustrated. If you’re looking to boost your creativity or just looking for some inspiration, then LinkedIn’s newsfeed is a great place to start. Benefits of LinkedIn if you are Job Seeking: Showcasing Your Talent and Experience Your profile is essentially an online CV and it can highlight all your relevant experience and skills to potential employers. A lot of job applications and job boards, require a LinkedIn page to submit your details. In order for you highlight your professional resume, it is essential for you to have a LinkedIn account. Reach Out to Employers/Hiring Mangers/Recruiters LinkedIn gives jobs seekers the opportunity to approach hiring managers about available positions. If you’re thinking of applying for a job or you already have applied, why not connect with the hiring manager and introduce yourself? It could be the thing that makes you stand out and be offered a job. Keeping Active During Your Job Search LinkedIn has 3 million active job listings on the platform. Even if you don’t have any interviews lined up, you can stay active by networking on LinkedIn and searching for available jobs. LinkedIn is a great way to stay active in your job hunt. Benefits of LinkedIn if you are a Student: Learn from Professionals in your Industry Following and connecting with professionals who work in the field you are studying in is a great way to learn more about what you are studying and what to expect when you receive your qualification. Build a Network Before you even start your professional career you could already have a bank of professional people in your network, all from LinkedIn. Benefits of LinkedIn if you work Freelance: Showcase your Work You can have an entire online portfolio on your LinkedIn profile that can showcase all your experience. You can share this among your connections who can also do the same. It's a great way to advertise your expertise.