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Insurance bosses including Lloyd’s CEO, make pitch to boost industry hiring

Several leading insurance bosses, including Lloyd’s CEO, recently hosted an international webinar to boost industry recruitment

A webinar designed to encourage young insurance professionals already working in the industry to lend their support to the Insurance Careers Movement, took place on December 2nd.  The webinar was hosted by several leading insurance bosses including Inga Beale, CEO of Lloyd’s of London.

Launched in February, the Insurance Careers Movement is a cross-industry initiative aiming to raise awareness of career opportunities in the risk management and insurance profession, as well as supporting efforts to recruit the next generation of industry leaders.

The Movement was developed in response to research data by Hamilton Insurance Group, which indicated a talent crisis within the US insurance industry, where 400,000 positions will become vacant within four years. The initiative was also created as the sector was found to be suffering from a lack of diversity and little interest among high school and university students as a potential career.

Lloyd’s CEO Inga Beale inspired those attending by noting that social purpose had kept her in the insurance industry for nearly 35 years.

“This continues to drive me today,” Beale said. “I have found it to be an incredibly rewarding career and I have seen first-hand the huge impact it has on business, communities and economies when the worst happens.”

XL Catlin CEO, Mike McGavick, stressed his company’s commitment to diversity too by saying,

“The notion is pretty simple, the more minds representing the greatest possible set of viewpoints, the more likely the chance for the next great innovation, and the better we will all serve our clients and partners.”

Argo Group president and CEO Mark Watson III reminded webinar participants that there’s something for everyone in the insurance industry.

“Whether you’re interested in being a data scientist, an IT developer, a lawyer, or you’re really good at sales and marketing, basically we’ve got cool opportunities for you,” Watson said.

“There are hundreds and thousands of job opportunities, and you couldn’t pick a better time right now.  If you’re kind of person that’s really thoughtful, creative, innovative, likes to different things every day, and is up for a challenge, you couldn’t pick a better place to be than the insurance business around the world right now.”

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