Welcome to the 2019 edition of Rising Stars—a forum where we celebrate the young talent making its mark in the risk transfer industry globally. We again profile 40 young people—all under 35—tipped by their companies for great things. We profile and interview them, and their perspectives on the industry offer fascinating insights over the following pages.
According to a 2017 report by KPMG as many as 40 percent of insurance sector employees are set to retire in the next few years, with claims management, underwriting and reinsurance under particular threat. If this mass exodus happens, there are currently not enough highly skilled younger practitioners to step into the shoes of outgoing senior managers, which would force companies to compete in buying in external talent and therefore push up costs.
The report also notes that graduates are being lured in their droves into perceived ‘sexier’ industries such as tech, with its forward-thinking work environments and opportunities to develop new skillsets. Against this backdrop, the insurance sector has never been under more
pressure to rebrand itself. KPMG says talent management is now a business-critical process for every organisation,
advising insurers “to hardwire talent risk into their wider enterprise risk management
frameworks”.
That is why we produce this report. The industry must reinvent its image and attract young
people to work in it—and fast. It has changed so much in recent years that it now has the diversity of roles to do this. The 40 young people profiled here are testament to that—but more needs to be done. We hope that reading about their experiences so far in the industry will inspire a new generation.
Click here to read the report now
