Changes in insurance means industry must seek outside talent
A continued reluctance to hire from outside the insurance industry could prevent the sector from capitalising on technological advances. A quarter of the industry's current workforce is due to retire in the next five years. Therefore, recruiting from other markets is essential to addressing the need for strategic change. The financial services industry and commercial sectors could provide talent with experience of challenging and high-profile project environments, thereby enhancing the existing skills and knowledge of a team. The insurance industry is innovating quickly and could provide an attractive career path for qualified candidates. 

The insurance sector must look outward to secure the best candidates, according to Clare Eades.

It's no secret that the insurance market isn't at the forefront of change, transformation, technology and working processes.

Coupled with this, historically there has been a reluctance to hire from outside the sector, which if continued will prevent the industry from taking advantage of the transformational initiatives and technological advances that give organisations competitive advantage.

With a quarter of the existing workforce expected to retire in the next five years and with the industry