Shortage of talent in insurance industry

PETALING JAYA: Talent or the lack thereof is taking centre stage among local insurance players as competition hots up amid the implementation of the Financial Sector Blueprint, while poaching of professionals is rampant as a spate of merger and acquisition deals in recent years place a strain on the supply of employable graduates.

While consumers gain from the competition in terms of the choice of services and products, insurance firms’ bosses lament the difficulty in getting professionals or even fresh graduates with the requisite qualifications.