The actuarial profession continues to face a period of drastic changes. From market evolutions— including the introduction of more stringent regulations—to talent transformations, including the increased popularity of science, technology, engineering and mathematics (STEM) degrees, these shifts are having a drastic impact on the supply and demand of actuarial professionals. Explosive Growth in the Health ... The Actuarial Talent Conundrum
The search is on for qualified underwriting talent. Amid a growing number of positive labor trends—including low unemployment rates and positive staffing increases—a number of key insurance functions are feeling the pinch. Underwriting positions, in particular, are becoming more and more difficult to fill. As a result, the war for insurance underwriting talent is heating ... The Hunt is On: The Great Underwriter Shortage
Even if you aren’t playing the game, there is no doubt you have heard its name or seen someone else engrossed in it. With more than 15 million players downloading the popular app, Pokémon Go has swept the nation. It has quickly become a phenomenon that has changed the gaming world in just a few ... Gotta Catch Em’ All? Pokémon Go Introduces New Insurance Risks
The insurance industry talent crisis has finally come to a head. Despite years of warning and research, many organizations viewed the talent crisis as a long-range concern on the distant horizon. Unfortunately, they are now coming face-to-face with a real war for talent. The insurance industry, in particular, is feeling the impact of the tightening ... Rethinking Strategic Recruitment and Selection in Today’s Evolving Market
A gold medal is arguably one of the greatest rewards athletes can earn in their careers. Many individuals have gone to great lengths to achieve this esteemed prize, embodying the phrase “with great risk comes great reward.” The 2016 Summer Olympics are just a few short weeks away and this year, the reverse “with great ... Let the Games Begin: Insuring the 2016 Summer Olympics
The insurance industry currently stands amid what is being considered one of the most competitive recruiting environments in history. Only those organizations that embrace a new way of thinking about recruitment and selection will be able to successfully compete. Jacobson shares insights into recruitment and selection best practices and strategies to ensure your organization can ... Compass 9.3: Rethinking Strategic Recruitment And Selection In Today’S Evolving Market
The post-recession recovery has seen monumental growth within the insurance industry. In fact, according to a recent PropertyCasualty 360 article, the industry has added more than 100,000 new jobs in roughly five years. The industry’s historical vitality is helping to make an insurance career more appealing to job seekers looking for stability in the wake ... Top 7 Industry Sectors Experiencing Growth
A wildfire that rapidly spreads across state borders, a tornado that cuts across a city leaving broken buildings and homes in its path, an earthquake that topples buildings and injures thousands, or an unexpected hurricane that devastates a coastal area: natural disasters are unforeseen and unpredictable, often leaving a path of devastation and destruction in ... When Disaster Strikes: Top 5 Questions to Ask Your Temp Staffing Partner
The second phase of OCR’s (the U.S. Department of Health and Human Services Office for Civil Rights) HIPAA (Health Insurance Portability and Accountability Act) is beginning. Building on the HITECH (Health Information Technology for Economic and Clinical Health) Act passed in 2009, the audits have expanded and modified many of the original HIPAA requirements for ... Are You Ready for Phase Two of HIPAA?
Following the financial crisis and economic recession of recent years, the life insurance industry is taking a hard look at their current vulnerabilities and risks. The resulting regulations will have a significant impact across all functions of the life insurance industry—and this trend of industry regulation is only anticipated to increase. As regulatory changes sweep ... What’s on the Regulatory Horizon for Life Insurance Companies?
Today’s labor force is experiencing a break-neck evolution. Much as the nation of today looks radically different from that of 1980, so too will the United States of 2050 look very different from that of today. Already, demographic predictions paint a picture of a very different workplace in the near future, as employees “gray,” female ... The Growing Diversity and Inclusion Mandate
Today’s labor force is rapidly evolving. Already, demographic predictions paint a picture of a very different workplace in the near future, as employees “gray,” female professionals outnumber their male counterparts and we transition into a “minority majority” nation. As an industry, we must embrace a culture of diversity and inclusion in order to find success ... Compass 9.2: The Growing Diversity And Inclusion Mandate