Young insurance talent at all-time low, CII survey reveals

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The quality of talent entering the insurance industry is at an all-time low, according to the latest Skills Survey from the Chartered Insurance Institute (CII).

Members' opinion of the calibre of industry entrants has reached its lowest level since the report began.

Just 8% said they believed new entrants were "very well" equipped in terms of basic literacy and numeracy.

Furthermore, the proportion of members that consider "education serves financial services well" has fallen from 54% to 49%.

Nearly three-quarters (73%) of the 2,300 CII respondents identified skills gaps in their organisations, with service quality, increased talent expenses and the

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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