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Monthly Archives: February 2020

Why you shouldn’t go outside the industry to find talent

There are many reasons to look for talent within your own organization before looking externally,  according to Tomas Chamorro-Prezmuzic, the chief talent scientist at ManpowerGroup, and Jonathan Kirschner, CEO of AIIR Consulting. In their blog for Harvard Business Review, According to Chamorro-Prezmuzic and Kirschner, internal hires adapt quicker because they are better able to understand the culture and politics of the organization. They are also more likely to be loyal and committed to their company, resulting in a lower staff turnover.

Chamorro-Prezmuzic and Kirschner also provide several science-based recommendations to help organizations update their hiring techniques. These recommendations include thinking ahead, focusing on the right traits for the role, and thinking inclusively. According to the authors, “the most important part of this process is to never stop thinking about your employees’ potential and talent,” which they consider key to creating a high-performing team.

Source: https://www.canadianunderwriter.ca/professional-development/why-you-shouldnt-go-outside-the-industry-to-find-talent-1004172748/

Which technologies bring the most value to the industry supply chain?

Process automation, artificial intelligence, and blockchain innovations are making insurance processes more efficient. They are also making  insurance more affordable and accessible.

Insurance technology is a growing field, and we will see certain technologies rising over the years. Insurance companies are expanding their data sources to include social media and satellite imagery. We will also see more transparency around risk on personal lines and supply chain insurance thanks to distributed ledger technology.

There are two notable advancements on the blockchain front. The first is a pilot project that simplifies complicated insurance policies. The second is the marine industry’s decision to adopt Insurwave, a blockchain platform, to support marine hull insurance.

Despite these advances, there are still some roadblocks hindering the widespread adoption of insurtech. These include the sheer volume of companies, their capabilities, and the unique value-adds that they’re toting.

Source: https://www.insurancebusinessmag.com/ca/news/digital-age/which-technologies-bring-the-most-value-to-the-industry-supply-chain-211139.aspx