Ep204 What do Teenagers Think about Insurance?

Mar 26, 2024

Teenagers share innovative ideas to make the insurance industry more appealing through projects like Inshorefest and a game show concept. Discussions on work experience, changing perceptions, and career opportunities in insurance. Emphasis on the global impact of insurance and promoting diverse career paths to attract young talent.

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Introduction

00:00 • 2min

Innovative Ideas for Engaging Youth in the Insurance Industry

01:44 • 9min

Exploring Work Experience, Summer Ambitions, and the Perception of Insurance Among Teenagers

10:35 • 2min

Exploring the Colorful World of Insurance

12:32 • 5min

The Power of Insurance: Youth Engagement and Global Impact

17:34 • 5min

Changing Perceptions and Promoting Insurance Careers

22:19 • 2min

Today we’re doing something completely different. We are going to try to look into the future.

In this Episode none of the people we are going to talk to are senior insurance leaders. But they might be the insurance leaders of the future.

We in insurance know that we’re not likely to be at the top of young people's wish lists when it comes to a future career.
But it’s only recently, as we have focused more on talent gaps, that we have started to do something about remedying this problem.

That’s where today’s episode comes in.

There is a wonderful talent accelerator called Startup Sherpas that goes out and engages with young people via paid work experience cohorts that are funded by industry. These projects, which take a hundred young people each, are called Supersquads.

Last summer Allianz, Aviva and the London Market Group (the LMG) sponsored one of these Supersquads and three of today’s guests are graduates of that scheme. Startup Sherpas calls them Sherpees.

In that project the Sherpees were asked to come up with ideas to help the Insurance sector better get the attention of young people and make them more likely to think about a career in insurance.

The Sherpees came up with a huge number of ideas and these were whittled down to the best, three of which you’re going to hear about today from their creators.

Howden Ventures and its insurer innovation partners are sponsoring the next Supersquad and it was the Head of Howden Ventures and recent Voice of Insurance guest, Tom Hoad who was the person who got me involved.

Today’s recording happened in the Lloyd’s Lab at a live event I chaired in which the Sherpees pitched their idea to an audience of industry people.

I grabbed five minutes with the presenters Chelsea Abili (Bottom left), Amaan Patel (Top Left) and Funta Olenrewaju (Top Right) just before they went on stage.

But first I spoke to Dan Wyllie (Bottom Right) Managing Director & Chief Operating Officer at Startup Sherpas to set the scene

LINKS:
https://startupsherpas.org/
Here’s the report that came out of the first Supersquad:
https://startupsherpas.org/register-interest-insurance-time-machine-report-2023

We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/