It's no secret that the insurance market isn't at the forefront of change, transformation, technology and working processes. Coupled with this, historically there has been a reluctance to hire from outside the sector, which if continued will prevent the industry from taking advantage of the transformational initiatives and technological advances that give organisations competitive advantage. With a quarter of the existing workforce expected to retire in the next five years and with the industry Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected]. You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
A continued reluctance to hire from outside the insurance industry could prevent the industry from capitalising on technological advances . A quarter of the industry 's current workforce is due to retire in the next five years . Therefore , recruiting from other markets is essential to addressing the need for strategic change . The financial services industry and commercial sectors can provide talent with experience of management and high - profile project management , thereby enhancing the existing skills and knowledge of a career . The insurance industry is innovating quickly and could provide an attractive career path for qualified candidates .