Cultivating Risk Management Minds
The insurance industry continues to face an uphill battle when it comes to recruiting and retaining talent. The U.S. Bureau of Labor Statistics predicts a growth of 200,000 new jobs within the insurance sector by 2022, while The Council’s quarterly market survey consistently finds “attracting talent” a top industry challenge.
Meet Them Where They Are: Apprenticeships, scholarships and new networks can help diverse talent get a leg up and into your firm.
With over 300 students annually enrolled in undergraduate and master’s programs in risk management, Georgia State University in Atlanta aims not only to educate but also to shape the future of the insurance industry with a ready-made pool of young, diverse talent.
We talked with RMI department chair Stephen Shore about talent development, the importance of a diverse workforce, and how digital natives will transform the insurance industry.
The next part of the process is that we want to transmit those ideas to our students. We offer undergraduate and graduate courses in insurtech, for example. And those courses change every year, as the industry is changing. We want to make sure that the content that we teach to our students about the future of the insurance industry reflects everything we’re learning about how the industry is changing.