As we near the end of 2022, the insurance labor market remains relatively strong. Unemployment is low, at 1.1%, and the insurance carriers and related activities sector has added nearly 34,000 jobs since the start of the year. However, finance and insurance job openings continued a four-month decline in September*, dropping to 280,000. Additionally, retirements ... November 2022: Labor Market Pulse
Explore the industry’s succession readiness across all organizational levels. The Jacobson Group’s Insurance Industry Succession Planning Study measures the breadth and depth of carriers’ succession readiness. The 2022 study was conducted from September 15 through October 2 and was open to insurance carriers across all industry sectors. Download the results for valuable benchmarking insights to ... 2022 Insurance Industry Succession Planning Study Results
Published in Insurance Journal: Insurtechs are continuing to disrupt the insurance industry, while pushing traditional insurers to focus on modernization initiatives and how they can best leverage the capabilities of data and analytics. Whether you’re an insurtech organization or any other insurance organization embarking on modernization initiatives, the ability to bring in the right people ... Identifying the Right Talent for Your Insurtech
The tight labor market continues to intensify, with savvy insurers seeking creative ways to attract qualified professionals and expand their talent pools. Our team regularly works with hiring managers to determine the needs of a particular role, as well as how to creatively uncover qualified, yet perhaps non-traditional, candidates. In this edition of Recruiter Report, ... Recruiter Report: Recruiting for Skills, Not Experience
The overall U.S. economy exceeded job growth expectations in September. While the insurance carriers and related activities sector experienced a slight decrease in employment, industry unemployment dropped to below 1% for the first time in nearly a year. Wages also increased year-over-year across all insurance sectors. Following two consecutive months of record finance and insurance ... October 2022: Labor Market Pulse
The results of the third quarter iteration of the 2022 U.S. Insurance Labor Outlook Study are now available. The study, led by The Jacobson Group and Aon, plc, examines insurance industry labor and hiring trends. View highlighted stats in our infographic.
As we enter the second half of 2022, insurers remain optimistic about employment growth, according to the results of The Jacobson Group and Aon-Ward’s Q3 2022 Insurance Labor Market Study. Jeff Rieder, partner at Aon and head of Ward Benchmarking, and Greg Jacobson, co-CEO of The Jacobson Group, discuss the study’s key findings and provide ... Episode 8: Exploring the Current State of the Insurance Labor Market – Q3 2022
Published in Insider Intelligence The insurance industry has lagged behind most other sectors in its digital transformation, but change is coming. Insurance technology spending is expected to grow significantly between 2022 and 2026. Insurers plan to use the increased tech spending to digitize their core capabilities, build out digital self-servicing tools, and create personalized products ... The Digitally Lagging Insurance Industry is Poised for a Well-Funded Transformation
CHICAGO – The 2022 Insurance Industry Succession Planning Study, conducted by The Jacobson Group, the leading provider of talent to the insurance industry, is now open through October 2, 2022. The study aims to measure the industry’s succession readiness and provide valuable benchmarking insights. “As insurers navigate a shifting economic climate and continued movement across ... 2022 Insurance Industry Succession Planning Study Now Open for Participation
We’re excited to share that The Jacobson Group was recently named to Business Insurance’s 2022 list of the Best Places to Work in Insurance. As a talent-focused organization, we understand the importance of investing in our employees’ growth and success throughout all stages of their careers. This quarter we’re highlighting two of the many individuals ... Jacobson Employee Spotlight – Q3 2022
The industry’s labor market remains strong with accelerating wage growth and continued low unemployment. Wage inflation for the industry is high, trending toward an overall 6.3 aggregate percent increase in 2022, compared to just 0.8 in 2021. This increase is even more pronounced for property and casualty carriers, which are trending toward a 10.5 aggregate ... September 2022: Labor Market Pulse
Published in Insurance Journal Demand for claims professionals has reached historic levels. Coupled with an extreme labor shortage and a reshuffling of talent industry-wide, competition for top talent is fierce. A renewed approach to recruitment and retention is key to a fully-staffed and engaged claims team. This article highlights best practices on developing talent management ... Recruiting and Retaining Claims Talent in the Candidate’s Market