Insurance leaders from around the world discuss their challenges and opportunities in addressing the looming talent shortage faced by the industry. The special broadcast is the kickoff to the 3rd Annual Insurance Careers Month.
Interviewed at the University in 2017.
Noelle Codispoti, executive director, Gamma Iota Sigma, said the group is set for a large turnout at their international conference in Dallas and events in multiple cities.
Kim Smith, president and CEO, Indiana Farmers Mutual, said mutuals stress purpose, community and engagement, qualities that younger recruits find attractive.
Margaret Resce Milkint, managing partner, Jacobson Group, said leadership among mutuals and other insurers has become more diverse.
A panel of association and academic leaders said interest from students and insurers is driving the growth of insurance and risk management programs at the college level.
As the insurance industry looks to a growing need for new talent, colleges and universities are helping to fill the gap. Panelists spoke with A.M. BestTV at the annual meeting of the National Association of Mutual Insurance Companies, held in Denver.
Gil Hine, president, McClelland and Hine, said independent distributors in the excess and surplus market are focusing on how to best prepare for eventual agency succession.
Chris Beazley, CEO, London Market Group, said London is home to insurers and talent, and has been building a regulatory framework to make it more hospitable to insurance-linked security issuers.
Dan Towle, president, Captive Insurance Companies Association, said organization initiatives include grooming the next generation of captive executives.
Shaun Tarbuck, chief executive of the International Cooperative and Mutual Insurance Federation, and his son, Patrick, discuss how the insurance industry is trying to attract younger talent and how those prospects view the industry.