The staffing challenges seen in recent years have been widespread across many industries, though the insurance sector has experienced unique difficulties from a lack of available talent. Recent turnover in the field isn’t just a shuffle of talent among different...
The insurance industry offers a unique service to the economy, offering financial protection against potential losses. By nature, the industry relies heavily on principles like risk and uncertainty to assess the likelihood of such losses and provide coverage that...
Insurers faced some uphill battles in 2022, from eye-brow-raising jury verdicts and emerging AI deep fakes to an influx of new claimants seeking compensation for pandemic-related business shutdowns. In response to these challenges, insurers have explored innovative...
A shortage of talent is a challenge for every business in every sector right now, and insurance isn’t exempt: Filling open positions and improving employee retention are two major concerns facing insurance firms. Some 55 percent of insurance executives see talent...
Insurance companies face a variety of challenges – both old and new. Issues like cut-throat competition, strict regulations, and government policies have been around for some time. More recently, extreme weather events, skills shortages, new competition from...
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