We have two guests joining us this week: Dustin Loeffler, Managing Director and Head of U.S. Legacy Reinsurance Solutions at Aon, and Matt DiSanto, Associate Director of Reinsurance Solutions, Capital Advisory, also at Aon.
When we turned to the topic of bringing new talent into the legacy space, Dustin had some data for us. He cited a survey created by Ward that said 70% of the companies surveyed (focusing primarily on P&C, life and health carriers) were looking to increase staff over the next year, but 48% of the companies surveyed were finding it increasingly difficult to hire talent in 2022. Matt noted that many roles in legacy are "highly specialized...in a very niche industry," which can make talent recruitment "somewhat of an uphill battle." But not everything is doom and gloom. One way to bring new talent into legacy is to bring new talent into the industry as a whole. Dustin and Matt were both eager to discuss the Aon Apprenticeship Program, which combines academic instruction with on-the-job training. The program reduces the barriers of entry to the insurance industry and could be a useful blueprint for other companies looking to develop and expand the talent pool.
Listen to the episode to hear our full discussion!
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