AG Insurance is set to hire 350 new employees this year, primarily to replace retiring staff. The news comes after a year marked by mass job losses.
The Belgian insurance company, which provides services to 2.7 million individuals and 235,000 businesses, announced its recruitment plan on Wednesday. While the hope is to hire 350 new employees, this will only result in a net increase of around 100 staff, as a large share of the new staff is replacing retirees.
In 2024, AG recruited one new employee every day, totalling approximately 380 new hires.
This latest hiring spree is part of its new three-year strategy, Elevate27, which aims to strengthen its position as a market leader in Belgium. The company is looking for a diverse range of profiles, such as claims and dossier managers, IT specialists, actuaries (analysing the financial costs of risk and uncertainty), legal experts, marketing specialists, and HR professionals.
The company will also address the evolving market and current societal challenges. These include the rising risks from climate change, pension affordability, shifting customer expectations, financial market uncertainties, and the rapid development of technologies like artificial intelligence.
AG Insurance's announcement comes as good news in the wake of a year of mass layoffs. Jobs losses as a result of bankruptcy reached a record high: more than 27,000 people lost their jobs in Belgium. This week, Tupperware filed bankruptcy for its Belgian sites. Some 270 people are at risk of losing their jobs.
