Strong demand from the big four banks is creating job opportunities in the insurance sector, according to recruiter Hays’ quarterly report.

Brokers, life claims assessors and life product managers with big-four banking experience are being sought as the financial services sector rebounds following the election, it says.

“Our financial services team at Hays has had an exceptional month or so,” Regional Director Nick Murphy told insuranceNEWS.com.au.

“They have probably had one of their best three months in the past five years. It’s all coming from the banks and includes insurance.

“There are signs of life out there and a lot more confidence. I think we have been through a pretty tricky time around the election and recruitment does seem to be picking up.”

The insurance market is changing, with opportunities to cover new risks across the life and commercial divisions, the report says.

“From an employment perspective we’re seeing quite a lot of movement, and the banks in particular seem to be aggressively trying to grow their life product,” Mr Murphy said.

“What they are looking for are the best senior managers and product managers in the market who try to have the most innovative ideas about how to capture most of the market.”

Hays director Jane McNeill says employers want candidates who can start early in the new year.

Positions are opening up as people look to change employers, which is a sign of confidence among employees, she says.

“As a result, overall vacancy activity is expected to increase this quarter.”

Most vacancies are to replace departing staff, rather than new roles. Employers prefer candidates with a solid tenure in previous jobs and like to trial recruits before offering permanent positions.

There is a shortage of Tier 1-qualified insurance brokers, while candidates with experience in the property and high-net-worth space are in high demand.