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Insurance Employment 2017

Posted By Administration, Tuesday, January 24, 2017

The industry is desperately worried about replacing the plethora of experienced insurance professionals that will retire this year. The loss of experience and know-how alone is frightening. Also of concern is the growing workload. As an industry, we’re all — or at least a huge percentage of us — are at job overload.


Many are begging bosses and managers in all walks to ease our burdens.


Don’t look at 2017 to be the year your pleas are heard. A survey from Pricewaterhouse Coopers (PwC) — who polled 1,379 CEOs in 79 countries — says:


  Just 41% said they’ll be adding personnel


That’s down from 49% saying they’d add staff in 2016 and 50% in 2015. The 2014 figure was 59%. Also, disconcerting — to employees that is — is the downward hiring trend when the growth outlook for insurance is getting brighter.


  38% of CEOs are very confident of short-term revenue growth in 2017

  That’s up from 35% in 2016


That’s not all:


  79% have organic expansion at the top of the planning for 2017

  41% are going to do seek mergers and acquisitions this year

  23% want to strengthen innovation capability to capitalize on new opportunity


PwC’s Bob Moritz who is the firm’s global chairman said, “Despite a tumultuous 2016, CEO confidence is moving back up — albeit slowly and still a long way from the levels we saw back in 2007. But there are signs of optimism right across the globe, including in the UK and US, where despite predictions of a Trump slump and a Brexit exit, CEOs confidence in their company’s growth are up from 2016.”


Source link: Insurance Business America



Tags:  Insurance Content  Insurance Employment 2017  Insurance Industry  Insurance News  Weekly Industry News 

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