Data Scientist

Nearly half plan to grow their workforce in response to new and emerging technologies.

The insurer's strategy has been to incubate tech businesses and then spin them off, while incorporating the technology in its main operations.

Recent IT job studies continue to paint a tight labor market for certain high-demand jobs such as IT security pros, data scientists and software developers.

The company has invested $40 million and partnered with local universities to encourage homegrown analytics talent.

The largest premiums paid out to IT pros over the past 12 months went to those involved with apps development tools and platforms, at 4 percent for the 92 skills tracked.

Even the best predictive analytics platforms will still need a human mind to tackle high-level analysis. Look for major changes in almost all human roles to come.

Insurers are face challenges navigating GDPR and dealing with many different repositories of information, among others.

Many firms are their own worse enemy at landing and keeping key staff such as software developers, data scientists and cyber security pros.

The program is intended to help calm the waters and prepare the CDO for success in what can be an uncomfortable C-suite role early on.

Gains are especially being made near UC Berkeley, one of the major research universities in the Bay Area.

Skilled developers, data science and security professionals remain in high demand, putting increased pressure on organizations to offer the benefits, culture and work opportunities that will keep them on board.

Organizations are struggling to fill critical IT, analytics and security jobs, especially in the advanced skills and management ranks. The job is made harder by job seekers that only want consultant roles.

CIOs are now pulling in quarter-million dollar paychecks, while the top salaries start at $150,000 and are all geared toward management roles.

Other high-demand roles include application programmers, business system analysts and database administrators.

Britain’s largest insurer is benefiting from an expanding middle class and growing insurance coverage in Asia, where it gets about a third of its earnings.

It's crucial that insurers develop clear career-path options for these valuable staff, because there will be lots of competition for the skills.

Software and application developers were cited as the number one most in-demand job role by employers last month, according to the latest BLS numbers.

Business users can more easily learn to use and benefit from modern analytics and business intelligence tools, enabling them to take the lead role in this area by 2019, says Gartner.

Moves from Allstate units Answer Financial and Arity, as well as MassMutual, illustrate increasing value of analytics expertise outside core insurance products.

Several top colleges and universities are offering courses and concentrations in applying data to the sector.