Closing the insurance talent gap with technology and innovation.

TLDR

Key Points:

• The insurance industry faces a talent gap, with only 7% of young people viewing it as a viable career path.
• Technology and innovation play a crucial role in attracting and retaining young talent in the insurance sector.

The insurance industry is struggling to attract young talent due to outdated assumptions and a lack of awareness about the opportunities it offers. With advancements in technology, such as data analytics, AI, and cybersecurity, the sector has the potential to appeal to tech-savvy professionals. Recruiting young talent is essential, as a significant portion of the current workforce is nearing retirement age. Modern marketing tools, like targeted online advertisements and social media campaigns, can help showcase the industry’s innovative nature and attract new talent. Technology has reshaped roles in the insurance sector, leading to the creation of new positions like cybersecurity experts and Insurtech specialists. By educating young people about the evolving careers in insurance and providing opportunities for career development, the industry can address the talent gap and pave the way for a transformative future.