Tag: insurance industry

The Insurance Industry is Struggling to Recruit New Talent—How New Solutions Are Helping

Archie Walsh
insurance recruitment

Recruitment has been a struggle across many industries, including insurance. Though insurance industry employment rose 1.83% in 2022, there were still 386,000 open jobs by the end of that year and a 14.7% turnover rate, with most of that turnover being voluntary. Economic challenges and a shift in working culture have become significant challenges for many insurance carriers to adapt to, impacting the hiring process. The industry is also aged, with many organizations struggling to appeal to a younger talent pool. As such, the need for more strategic recruitment practices and…

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Zurich Insurance company pricing strategy keeps it ahead of climate change impact

Live Insurance News
Insurance company - Climate Change - Business Strategy

The insurer’s price hikes helped it to bring in operating profits that were better than expected by mid-year. The Zurich Insurance company recently reported that it has achieved a half-year operating profit that was better than expected, bolstered by its life business and the price increases it implemented to mitigate increased claims from severe storms. Zurich is the fifth-largest insurer in Europe and posted a $3.72 business operating profit. Though there wasn’t much of a difference over last year’s first half, analysts were polled by the company and their average…

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Insurance spending will double in the next decade, says Lloyd’s of London

H. Cutner
Insurance Spending - Lloyd's of London Building

Chief exec John Neal has predicted that a greater risk perception like bank failures will drive the trend. Global insurance spending will probably reach the point that it has doubled in the coming decade, mainly driven by an increased risk perception, said Lloyd’s of London CEO John Neal. Climate change and bank failures have reminded the world of the size of potential risks. “Financial risk,” on the heels of bank failures in Europe and the United States, in addition to systemic risks, such as climate change and pandemics, are expected…

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Voluntary Advantage Welcomes a New Key Contributor to Their Publication

PR Article
Voluntary Advantage welcomes new company to their monthly publication

December 5, 2022 / Denver, Colorado: Voluntary Advantage is excited to announce that Eastbridge Consulting Group, Inc. will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”.  Eastbridge Consulting Group, Inc. has nearly 200 clients worldwide of their consulting and research services, including 20 of the 25 largest voluntary/worksite carriers. Voluntary Advantage believes their unique insights into carrier capabilities, processes, and strategy will provide their subscribers with valuable insights into market trends on a monthly basis. Nick Rockwell, President, and Danielle Lehman,…

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How to close an insurance deal: The Emotionally Intelligent Way

Live Insurance News
close insurance sale how to and easy tips

Congratulations! You’ve made it to the final stage of the insurance sales process: closing the deal. This is where you’ll need to put all of your skills to the test in order to seal the deal and make your commission. But simply presenting the facts and figures isn’t enough. In order to close an insurance deal, you must also be able to connect with your prospect on an emotional level. You need to show them that you understand their needs and that you can provide a solution that will improve…

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