Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

2016 Insurance Industry Talent Trends – Jacobson Group Report

Article Synopsis :

Emerging technologies like mobility, analytics, telematics and IoT along with the rise of innovative business models such as smart contracts and p2p insurance place new human capital demands on insurers.

 The Digital Insurer reviews Jacobson Group’s Report on 2016 Insurance Industry Talent Trends

Digital talent helps insurers achieve differentiation in commoditized  markets

The Jacobson Group’s report “2016 Insurance Industry Talent Trends” offers insights into emerging talent trends impacting the insurance industry. The report also suggests talent acquisition strategies in light of the following:

  • Understanding how alternative solutions can have a positive impact on your organization
  • Discovering new industry perspectives to evaluate and engage emerging talent sustainably
  • Learning how modern business strategies are providing a competitive advantage in the looming “war” for talent

Eight trends, per the report, are going to impact insurers hiring strategies in a big way:

  1. The insurance industry talent shortage is intensifying
  2. Emerging talent is understood as key to a successful future
  3. Insurers will look beyond the industry
  4. Interim talent will close the gap
  5. Flexible work options are becoming the business strategy of the future
  6. Hiring and staffing is going mobile
  7. Gamification is taking training to the next level
  8. The analytics revolution is early stages

Companies must hire for the future. Although aging employees have industry experience they simply don’t have the knowledge and skills with data and technology to meet future industry needs. Based on this reality, hiring strategies should include the following considerations:

  1. Update engagement and retention strategies to bridge the talent gap attracting the younger generation.
  2. Look beyond the industry identifying base skills and growing them into valuable employees.
  3. Use interim talent to close gaps due to retirement (old technologies)
  4. Telecommuting offers flexibility; flesh out the benefits of such strategies.
  5. Be more digital savvy to attract young tech-savvy employees.
  6. Deploy gamified training programs to increase engagement.
  7. Invest heavily in analytics. Moneyball isn’t just for sports anymore.

Link to Full Article:: click here

Digital Insurer's Comments

Technology is transforming the insurance sector as insurers rethink core operations, distribution and customer service. The bad news is other industries – such as entertainment and retail – are transforming at a faster rate putting intense pressure on insurers to ‘catch up’ especially in the area of digital customer experience.

Insurers must focus on attracting young, tech-savvy graduates who not only know how to use digital but also how to design it. What actuarial and underwriting talent was yesterday, digital talent is today. Unfortunately demand outstrips supply and insurance isn’t exactly perceived as a sexy career choice.

Carriers able to differentiate themselves in the quest for talent will be that much closer to differentiating themselves in the quest for customers.

Link to Source:: click here


Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in