How can the industry solve its talent crisis?

keep-hold-of-talent

Brokers, insurers and industry experts discuss the main obstacles in attracting young talent and what the industry can do to solve its image problem.

Attracting young talent has reportedly become one of core problems of ensuring the insurance industry’s longevity.

Following a Chartered Insurance Institute (CII) conference in which industry experts voiced their concerns regarding the workforce demographics, Insurance Age has talked to brokers, insurers, the CII, and the British Insurance Brokers’ Association (Biba) to shed light on the causes and solutions to the ongoing problem.

Causes
According to brokers, one of the reasons the industry

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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