Recent studies and conferences in the insurance industry show that talent is still the top concern for CEOs in Asia. The shortage of talent, combined with increasing needs driven by business growth and the “war for talent”, make the Asian job market particularly challenging for insurers. Only insurers that deploy innovative talent strategies and develop leaders for sustainable development will be the winners in the Asian race for growth. Mr Bob Aubrey and Mr Julien Parasie, both from Mazars, elaborate on the importance of Aspirational Leadership in the present context of Asia.
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Attracting, recruiting and retaining young talent is a key challenge for insurers – not just in emerging markets but also in mature, well-regulated and highly educated markets like Australia. Mr Edwin Brumby from The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) gives an overview of the recruitment scene in the country today.
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More and more multinational insurers are moving business heads and even head offices to Asia. To meet their goals, these companies have to recruit and retain expertise across many functional areas. Ms Pagan Van of CTPartners, Hong Kong, says that with the human capital underpinning the entire framework of a company’s expansion strategy and with the demand for good people outstripping supply, a commitment to the development of regional talent is a key job requirement for senior leaders in many of these emerging markets.
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