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


Are These Mistakes On Your CV?

Are These Mistakes On Your CV?

Your CV is the make or break of any job application. The minute a hiring manager see’s one of these mistakes, your chance of getting called for an interview decline rapidly. If you have any of these common mistakes on your CV, you should remove them straight away. Gaps Hiring managers like to see exact timeframes on CVs. Dates on your CV should include month to month time frames, as opposed to year to year. Often people will avoid putting dates on a CV or will try to be vague about the dates. This can look suspicious to employers, especially if you have gaps. It’s better to be honest and give reasons for any gaps instead of trying to hide them. State clearly that you were made redundant or you went travelling. The person reviewing your CV will appreciate this and it will give them clarity about the gaps. Graphics If you have graphics on your CV, you should leave them out. Things like complicated formatting and decorative pictures shouldn’t be on a CV. They just tend to make it more difficult for employers to read. Keep things simple, clear and detailed. However, if you are applying for a role that requires graphic design skills, consider making a portfolio of your work. You can send this along with your CV to showcase your creative skills . Forgetting to Include Contact Details You may just assume that sending your CV via email is enough for an employer to contact you, but often CVs get forwarded around and saved on hard drives/desktops so the original email you sent could get lost along the way, along with your contact details. Always put your email address and phone number on your CV. Using Personal Details It’s good to show your personality through your CV and give the hiring manager a sense of who you are but some personal details are too personal for your CV. Avoid putting your relationship status on your CV e.g. married, divorced. It’s irrelevant information and it could affect you negatively. When you apply for a job you should be confident that your CV ticks all the hiring mangers boxes. This won’t happen if you include these mistakes so if you’re applying for jobs right now, take another look at your CV and make sure you’re happy with it.


Workplace Wellbeing Day – How To Look After Your Wellbeing In Work

Workplace Wellbeing Day – How To Look After Your Wellbeing In Work

If these steps are practised daily, they will improve your workplace wellbeing. Connect Find ways to get to know and connect with your colleagues, whether that’s an office pizza night or an opportunity to leave positive messages for your co-workers or just asking your colleagues would they like a tea or coffee. Engaging with the people around you, who you see every day will improve your wellbeing in the workplace. Be Active Get up from your desk and stretch your legs. You can even do this with your colleagues. Ask one person in your office to set an alarm every 40 mins to remind everyone to stand up and stretch. You could even ask some staff to do a lunch time walk with you. Keep Learning Always be proactive with your professional development. Learning new things and developing your skills in your role will keep you motivated and improve your wellbeing. Take Notice of How You Feel Pay attention to how they’re feeling throughout the day, and to take steps to look after your wellbeing. If you are becoming very stressed and overwhelmed activities such as using meditation or getting a plant for your desk could help relief stress. Give If your workplace doesn’t already do this, nominate a company charity of the year, allow staff to share their volunteering experiences and look for ways the company could donate their time to assist charities. To mark Workplace Wellbeing Day on the 12th April 2019, Sigmar Recruitment are doing the following: Staff step challenge - Most active staff member will win a Sports Direct voucher We will also be sharing workplace wellbeing emails to encourage staff to stretch their legs, go for walks and drink water during the day. All staff will be encouraged to take part in Cystic Fibrosis '65 Roses Day' and sell purple roses on behalf of the charity to raise money Mindfulness colouring docks in all the kitchens. Smoothies for all staff It's set to be a great day!


The Power of Networking - 5 Benefits Networking Can Have on Your Career

The Power of Networking - 5 Benefits Networking Can Have on Your Career

In last week’s blog we looked at 5 Tips to Build Your Professional Network, this week we want to take a look at why networking is so important to your professional development. It can be a daunting task for those who wouldn’t consider themselves overly social, but the rewards to your professional and personal growth are endless. 1. Get Help and Be Helped One of the most significant parts of building a professional network is the opportunity it presents you to ask others for help when you need it and to help other people in your network. It happens to all of us at some point when we need an extra pair of hands to help us solve a problem. All jobs present bumps in the road and it’s great to have a professional network you can lean on in times of struggle and vice versa you can lend a helping hand when your network need help. 2. Be Inspired by Ideas Networking can be so beneficial to our creativity and inspire us to do more in our work. If you’re feeling a little lost or not as pumped about your job as you once were, go to a work event or conference and start talking to people! These people can have a similar role as you or a completely different role, or just work in the same industry. Don’t focus on what level they are either. Different levels of experience will bring you all kinds of different insights. It doesn’t matter what role they are in or what level they are, they will always share something new with you. It’s a great way to come back to the office with new and exciting ideas. 3. Build a Good Reputation Building your network will get you known among those in your industry. More visibility is a great way to build your reputation. Getting yourself out there and being noticed by your peers will help you make a name for yourself. Word of mouth can go very far and if you make enough good impressions a level of trust for you and what you do will follow. This will stand to you if you decide to apply for a new role. You may not know your interviewer directly, but they may have a connection to you through a mutual contact, who has nothing but positive things to say about you. 4. Grow your Confidence Career advancement isn’t the only benefit to networking. It can help with your personal growth as well. By continually putting yourself out there and meeting new people and stepping out of your comfort zone on a regular basis, will help you to build invaluable social skills and self-confidence that you can take with you anywhere. The more you network, the more you’ll grow and learn. 5. Gain New Friendships The last benefit doesn’t impact your professional career, but it doesn’t make it any less significant. Spending time socialising and building your network will naturally lead you to making friends. Some of the strongest and long-standing friendships have started as work connections. The people you network with will be like-minded with similar aspirations and struggles as you so it’s not unlikely that a work relationship could develop into a friendship. We have heard it time and time again, advancing in your career is just as much about who you know as what you know. That’s why networking is so important to your career, but networking can benefit you personally just as much as it can professionally. Spending time networking will be very worthwhile and the best part is that it’s never too late to start investing in your network.