Historically, the insurance industry hires in any market, albeit in down periods there is a slowdown in terms of quantity.
During recessionary times the bread & butter disciples of underwriting, claims, and actuarial, have a tendency to be very strong and in demand, and there has been some pretty steady growth in product management and IT.
Key positions such as producers in all disciplines are also in high demand.
As a side note... kind of interesting in that traditionally insurance stocks outperform the Dow.
Not lately – in 2008 they fell by 47% compared to the Dows 33.8%.
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