Grace Crane

The insurance industry is trying to attract and retain a younger workforce as many insurance companies are facing an aging employee demographic. Insurers are working to diversify as people of color in the industry are still underrepresented and tapping into educational opportunities to create a direct talent pipeline.

Gen Z values employers with advanced technology solutions and remote work options.

Colleges and universities are partnering with insurance carriers to offer insurtech, insurance and risk management programs.

Insurers are partnering with universities and college programs to create a more diverse and inclusive talent pipeline.

Carriers are building a talent pipeline through university programs and mentorships with partnered universities.

Insurers are adapting AI technology to improve customer experience, enhance fraud detection and create accurate risk-ranking models.

Digital Insurance's State of Insurance 2023 report also reveals that underwriting technology and staffing difficulties are top of mind for insurers.

Local embedded and microinsurance models could provide immediate assistance to vulnerable low-income communities at risk of extreme climate events.

Since 2019, there's been an 18% increase in alcohol-impaired fatal crashes, a new study has found. An analysis of traffic violations data can help accurately forecast insurance losses, according to the credit bureau.

Coalition and Kin Insurance are named as two of the top fintechs this year.