From corporate headquarters to colleges, the insurance industry reaches out and collaborates to attract talent.
Meanwhile, those involved in talent acquisition are grappling with a remote work environment that has created new recruitment challenges.
The Insurance Information Institute's partnership with HBCU Impact, a group dedicated to informing the Historically Black College and University community about the benefits of a career in insurance, is the product of a year of planning, says Sean Kevelighan, CEO of III. in New York.
I.I.I. has produced a series of seven video profiles of senior insurance industry executives and regulators to be used by HBCU Impact in its classroom outreach activities, Kevelighan said, adding that he expects to expand collaboration between the two groups. "We have just started. We already have ideas that we are working on," he said.
III also collaborates with the Wharton Risk Center at the University of Pennsylvania in Philadelphia to host the university's Hackathon, which most recently focused on climate risk. said that the program participated "significantly" with about 40 teams of students responsible for developing and presenting innovative solutions to tackle climate change.
Zurich North America in January launched its Zurich Fellow Scholarship, created to help "diverse talents "take advanced degrees in insurance," said Jessica Aguilar, head of talent acquisition in Schaumberg, Illinois, for the insurance company. nine cities, said Aguilar.
Launched in the US in 2016 and initially focused on claims and warranties, the program now includes 16 different a business units and functions. Zurich has employed nearly 150 apprentices since 2016. Aguilar said.
The American Property Casualty Insurance Association and its members helped launch the Insurance Careers Movement 2015 to focus on workforce development and diversity as key industry priorities, said Tamra Johnson, APCIA's Vice President for public affairs in Washington.
APCIA hosts the industry's annual Emerging Leaders Conference with the Insurance Careers Movement team, Johnson said, "to identify and retain fresh and diverse talent in the insurance industry by accelerating professional development from C-Suite Managers and Networking Opportunities. ”
February is Insurance Career Month, created by the founders of the Insurance Careers Movement, including APCIA, Hamilton Insurance Group Ltd., American International Group Inc., Marsh & McLennan Cos., Lloyd & # 39 ;s of London and The Institutes.
"Expanding career opportunities and speeding up work tet with diversity, equ. and inclusion in insurance is a collaborative space for the industry, ”says Marguerite Tortorello, CEO of Insurance Careers Movement. She added that more than 1,000 insurers, agents and brokers, industry associations, regulators, media organizations and others are working together during Insurance Careers Month.
The Covid-19 pandemic has forced stakeholders to take a fresh look at their recruitment efforts.
What Covid did, said Mr. Kevelighan, was "changed the way we look at the workforce. There is more flexibility and more openness to be less attached to the physical place of an individual."
"With the transition to more telework, it has really changed the way we connect and interact We have always had a digital presence, but in the past we had been involved in much more personal interactions ", such as hosting students at Zurich's headquarters in Schaumberg, said Aguilar.
Robert Benvenuto, Sales Manager, Midwest Region., in Chicago for Hub International Ltd., said: "The shift to remote control has had a big impact because new employees come on board so they do not have that connection to peers."
Mr. Benvenuto said he devotes 25% of his time to He serves on the board of the Chicago branch of the Risk and Insurance Management Society Inc. and co-chairs the board's annual main event, the Chicago Risk Forum.
The peripheral industry, including the health insurance sector, employs approx. 2.8 million people, Kevelighan said.
However, nearly 400,000 employees are expected to retire from the finance and insurance industry within the next few years, Johnson said, citing estimates from the U.S. Bureau of Labor Statistics.