The size of the US insurance industry workforce is set to increase this year according to a new report.

Insurance industry recruiters The Jacobson Group together with analysts at Ward Group reports that 65 per cent of insurance companies polled said that they intend to increase staff.

The report also shows that the unemployment rate for insurance is lower the the national average across all industries.

“Expected increases in business volume and expansion into new markets are driving continued hiring,” says Gregory P. Jacobson, co-chief executive officer of Jacobson.

The projected hirings could mean an increase of 1.56 per cent for the insurance industry’s workforce during the next 12 months, although 11 per cent of respondents will be increasing their workforce with temporary staff.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: