Insurance Jobs Market February 2024
In Malta’s current Insurance market, there’s a high demand for professionals who are adept in both technology and possess strong soft skills. Technological skills, particularly in data analytics, risk assessment software, and digital customer service platforms, are highly sought after. Soft skills like effective communication, problem-solving, and adaptability are equally valued, as they enable professionals to navigate a rapidly changing industry.
The last six months have seen significant shifts, primarily driven by digital transformation. Insurance companies are increasingly adopting online platforms and AI-driven tools for risk assessment and customer service. There’s also a growing focus on personalized insurance products, tailored to individual customer needs and preferences.
Salaries in the insurance sector in Malta have generally trended upward. This is attributed to the increasing demand for skilled professionals who can manage the blend of traditional insurance knowledge and new digital tools, a combination that is currently in short supply.
A diverse array of companies, including traditional insurance firms, insurtech startups, and brokerage companies, are actively hiring. These organisations are looking for talent that can help them navigate both the traditional aspects of insurance and the emerging digital landscape.
Candidates in this market are looking for roles that not only offer competitive remuneration but also opportunities for career progression and skills development. Many are attracted to positions that promise exposure to innovative technologies and modern insurance practices.
Employers are seeking candidates who not only have the technical know-how but also exhibit strong interpersonal skills. They value professionals who can effectively use technology to enhance customer experiences, manage risks, and streamline operations, along with exhibiting a proactive approach and ethical professionalism.
Companies are offering comprehensive benefits packages. These often include flexible working conditions, professional development opportunities, performance bonuses, and wellness programs, reflecting the industry’s emphasis on balancing professional growth with personal well-being.
In summary, Malta’s insurance market heading into 2024 is characterised by a shift towards digital integration, a demand for tech-savvy professionals with strong soft skills, and an evolving employment landscape offering both challenges and opportunities for growth.
For more information on the current Insurance jobs market and the latest salary bands, please download our Salary Survey below.