Insurance industry to come together to address skills gap in insurance

Upcoming event advocates "radical solution" to talent crunch

Insurance industry to come together to address skills gap in insurance

Diversity & Inclusion

By Mika Pangilinan

An online event aimed at discussing the current skills gap in the insurance industry is scheduled to take place on November 1.

Facilitated by ISC Group and GAIN (Group for Autism, Insurance, Investment and Neurodiversity), along with the support of the Chartered Insurance Institute (CII), the event will focus on how the insurance industry can tap the talent of neurodivergent individuals as part of its efforts to address the increasing number of vacancies.

“Our hope is that, as a result of this meeting, we will identify the steps that need to be taken to create neuro-inclusive workplaces, whilst opening up opportunities to unlock the talent of neurodivergent individuals,” said GAIN in a statement.

Vacancies in the sector have gone up as the pandemic accelerated customer and employee expectations. According to a 2021 survey from PWC, 55% of senior executives have named talent acquisition and retention challenges as the biggest risks preventing their companies from achieving their growth goals for 2022. Additionally, only 26% said they expect talent shortages to ease by the end of 2022. The latest data from the ONS also revealed that vacancies within financial & insurance activities have gone up 18.5% year-on-year.

“As we move into 2023, now is the time for a radical solution to meet the skills gaps in insurance,” said GAIN.

The meeting, called ‘Making the insurance industry a haven for the neurodiverse,’ will be held from 3:00 to 4:00 pm on Tuesday, November 1.

GAIN is an industry-led initiative championing neurodiversity within insurance, investment and related financial services sectors. The group was established in 2020 and has since committed to facilitating employment pathways for neurodiverse people, enabling companies to access their untapped potential.

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