As technology makes underwriting both an art and a science the industry must do more to attract young talent, says David Amaro, chair of the Bermuda Under 40s Re/insurance Group.
The re/insurance industry is at an interesting crossroads. Initiatives such as the Insurance Careers Movement and the Dive In Festival have effectively drawn attention to the fact that hundreds of thousands of jobs will become available in the industry in the next few years in key jurisdictions such as the US and UK, across a range of disciplines.
However, despite the efforts of these initiatives, it does not seem that the industry has gained enough traction as an attractive career choice for professionals coming out of university or those looking for a change.
My view is that the industry needs to do a better job of promoting itself, not just in terms of potential financial rewards but also from the perspective of the industry’s importance and relevance.
Underwriting, Technology, David Amaro, Bermuda Under 40's Reinsurance Group, Insurance Careers Movement, Dive In Festival, Bermuda, North America, UK