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Insurance Jobs: 25% Gone by 2026

from PIAW

McKinsey & Company has produced a new worrisome study. What it calls "Illustration Of Service Oriented Layered Architecture And Global Automation" will eliminate or consolidate 25 percent of the insurance industry's full-time positions by 2026. And with that the company called on insurers to rethink priorities and to rethink those priorities "right now." They are urged to revamp operations to take care of the digital transformations that are contributing to this trend. That — McKinsey said — "should include retraining and redeploying the talent they currently have, identifying critical new skills to insource, and retuning value propositions in the war for new talent and capabilities." more

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