Xchanging plc. released its 2014 Insurance Technology and Spending Trends Report, a survey encompassing responses from 75 insurance industry practitioners. The 15-question survey was designed to explore insurance industry technology and spending tends, but the findings reveal a number of opportunities and challenges for insurance professionals.

According to the Bureau of Labor Statistics, nearly half of the industry’s workforce is age 45 or older, pointing to a shrinking talent and labor pool. However, only 11% of respondents ranked attracting qualified talent as a top challenge for their agencies. Approximately a third of survey respondents stated that talent acquisition is lower on their list of priorities.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.