Research commissioned by EMB highlights insurers’ dual frustration with the growing skills gap in middle management combined with the pressure on time available for professional development. The research of UK based HR managers within the industry has highlighted that:
- 75% believe that the largest skills gap is in middle management
- 44% of firms lack the time for staff to attend training
- 84% believe that their workforce needs training on managing information
Given these figures, and the widening perceived skills gap, it suggests that even where time is found for training, it is not delivering what insurance companies need. More
Peter Matthews, one of the founding partners of EMB, has been honoured with the 2008 Award for Services to Legacy Business at the Association of Run-Off Companies 2008 Annual Awards Dinner. This is the Association’s only individual award, recognising market practitioners who have had a major positive influence on the legacy sector.
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EMB is supporting the formation of Optex Group, a new advisory firm aimed at certain insurers and brokers.
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EMB Professional Development has announced new course dates in December for EMB Igloo Professional and Extremb courses. There are courses available for all roles and all levels of experience. More information is available
here.
Research conducted by EMB shows that aggregators have changed the UK personal lines insurance market and there’s no going back. On the one hand, consumers like the ability to look at quotes from across the marketplace and the promise of lower cost. On the other, aggregators present a profitability challenge for insurers, particularly in the area of effective pricing.
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Mike Brockman, one of the founder partners of EMB, has been recognised with the Lifetime Achievement Award presented at this year’s General Insurance Researching Organisation (GIRO) Convention held in Sorrento.
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