According to a new insurance labor market approach to the Jacobson Group and the AON, about 81 81 % of insurance companies expect to increase their income over the next 12 months, but only 53 % expect to increase their staff in the same period.
Historical studies shows that the percentage of staffing companies has been the same since July 2023.
“Over the past years, we will see that development and staff expectations were largely linked,” said Jeff Raider, the AN’s partner and the head of the STG Performance Benchmarking. “And now we are starting to see for the same period for at least 18 months, that staff growth is expected by companies, compared to revenue expectations.”
According to the report, thirty percent of the insurance companies are expected to maintain the current staff level next year, while 14 % are planned in the report. Meanwhile, 14 % of companies expect to increase flat revenue, and 5 % prediction revenue decreases.
About 84 % of the study participants are property/accidental insurance carriers. The annual study twice seeks to analyze the US Insurance Labor market labor trends and staff expectations and challenges. The study includes about 15 % of the insurance market by employees.
“One thing that is interesting is to note the percentage of companies, which is expected to reduce employees during the same period,” Reader said about the stretch between July 2023 and recent studies. “With 14 %, we have not seen such a permanent level near the middle level since the appearance of the (recession) in 2010.”
Rider explained that although the P/C industry had a strong, permanent premium growth over the past five years, the results of this study showed that the policy counting of premiums increased greatly rather than organic growth. He added that when it comes to hiring expectations, companies are now a little more cautious, and the uncertainty of tariffs has probably made companies even more cautious.
“We know that for many companies, they have been severely devastating, stimulating (and) jungle fire, which affected California (during) in the first month of this year,” Reder said. “And when you are seeing the couple with the backdrop of artificial intelligence and technology benefits, we are seeing that, in many cases, it is probably angry with staff plans. From the point of view of the staff.”
Statistics from the American Bureau of Labor show a significant reduction in the number of insurance and finance jobs in recent years. That number came to 393,000 holes in 2022 and in 2025, it was 307,000 each year each year. In June there were especially 246,000 holes.
“All the trends are really a kind that points to the slightest expectations of growth in the head account,” Raider said. “Especially since there are less job holes – what we saw two years ago is 10 % less.”
Jeff Blair, senior vice president of the executive search and business development in the Jacobson Group, explained that regional and commercial P/C carriers “are more than average in search of staff.” This study has found that while 59 % of the trade lines P/C is expected to increase staff in the next 12 months, 16 % expect their head count to decline.
Overall, 12 % of personal lines P/C companies expect to reduce staff over the next year. Specifically, they expect all careers to be less than 2 %. The fifth percent of personal lines’ career staff expects to increase. Meanwhile, 7 % of the balanced lines companies intend to reduce staff over the next year, and 50 % expect them to increase the headquarters.
According to the study, the largest need for the industry is that of the technology staff, after which inverting and employees are claimed. Large and medium -sized companies are more likely to hire technology staff over the next 12 months, followed by inverting and analytical employees. Small -sized companies need the most claims, followed by underworlding and technology.
Overall, the insurance industry’s employment was mostly flat than the previous report, fell just 0.5 % since January and remained below premature results. Blair explained that the biggest growth in the job is coming by agents and brokers.
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