Insurance Covered
Recruitment Special: why insurance should be a career of choice (With Caroline Wagstaff, Ben Bolton, Samantha Ridgewell & William Gallimore)
Oct 23, 2023
Explore the world of insurance recruitment with Caroline Wagstaff, Ben Bolton, Samantha Ridgewell, and William Gallimore. Topics include the challenges of attracting top talent, the current recruitment crisis, and the main issues hindering recruitment in the insurance market. Discover what the workforce may look like in 10 years and strategies to minimize the impact of these challenges.
34:55
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Quick takeaways
- The insurance market in London is facing a substantial recruitment problem due to a shortage of qualified individuals and an aging workforce.
- To attract new talent, the insurance market needs to improve its brand image, promote the positive aspects of the industry, and utilize digital channels to engage with a wider audience.
Deep dives
Recruitment problem in the insurance market
The insurance market in London is facing a substantial recruitment problem. There is a shortage of qualified individuals in the industry, which is compounded by an aging workforce. The average age of the market is increasing, with more people over 50 than under 30. This demographic trend poses a significant challenge as the older group will eventually retire, leading to an experienced deficit in the market.
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