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“The Fight for Talent in the London Insurance Market Has Never Been So Fierce”

01 February 2017

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In recent months, the London insurance market has seen a huge upsurge in vacancies for mid-tier to senior internal audit professionals. However, demand for talent in commercial, reinsurance, Lloyd’s, property and casualty lines is far outstripping the number of quality candidates.

So, why has this happened?

The London market has historically been the area showing most growth in the insurance arena. It sees the highest number of mergers and acquisitions, profitability, regulatory change (and regulatory scrutiny) from both FCA and Lloyd’s, which collectively leads to a record number of roles emerging from both expansion and people joining the competition.

However, the expectations of what Internal Audit is required to do has changed over recent years. There has been a steadily increasing need for diligent, coherent and competent communicators who can deliver tough messages in the right way. Previously, this skill was only necessary at the Head of Audit and Chief Auditor level, but it is now being requested at the mid-to-senior-level too.

If you have hands-on insurance internal audit experience, can perform a variety of reviews, are qualified either by experience or a relevant qualification, and can effectively manage stakeholder expectations, why not take advantage of the skills shortage? You never know what another business could offer you.

This is a candidate-driven marketplace, so if you have the competencies, the rate only goes one way – up.

If you would like career advice, a salary check, or guidance on companies that are currently recruiting, contact me for a confidential discussion. You can reach me on 02038619194, or adam.cooke@ojassociates.com, and find more information about Oliver James Associates here.  

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