We’ve all heard the age-old adage, “innovate or die.” In today’s rapidly changing and evolving business world, innovation and creativity have become an industry mandate. Insurers are facing a new reality, driven by emerging disruption, rapidly changing
technology risks, an ever-shifting web of compliance demands, continued
globalization and evolving marketplace conditions.
Faced with increased pressure to innovate, create and adapt, the insurance
industry is tasked with embracing a mindset of constant evolution. However,
creating an organizational culture that fosters creative thoughts, cultivates fresh
ideas and quickly adapts to industry changes can be challenging. The first, and
arguably most important step, is to fill the professional ranks with individuals
who are highly innovative and creative. Finding talent with the critical skills
needed to thrive in a rapidly evolving industry requires insurers to rethink their
current recruitment and engagement strategies.
By Oyauma Garrison