How can you demonstrate insurtech skills during a performance review?

To demonstrate insurtech skills in a performance review, focus on specific projects where you applied these skills, quantifying their impact with data and metrics. Highlight problem-solving instances using insurtech solutions and your continuous learning efforts, like relevant training or certifications. Link your insurtech achievements to the organization's goals, emphasizing improved efficiency, customer satisfaction, or cost savings. Discuss collaborative efforts and leadership in insurtech initiatives, and share any positive feedback received from colleagues or clients. Conclude with future plans on leveraging insurtech for organizational benefit.

Set goals that align with your department and company goals. Make your goals specific, in terms of what project you will work on, how you will do it, and what the desired outcome is, as well as any new tools or coding languages you need to learn. However, things change fast these days, so be open to learning new things.

Implementation Impact: Detail a specific insurtech solution you improved or implemented, noting increases in customer satisfaction or operational efficiency, with relevant metrics. Financial Contributions: Showcase cost savings or revenue growth from insurtech initiatives, quantifying these achievements. Educational Advancements: Mention insurtech-related courses or certifications completed, emphasizing how they've enhanced your professional skills. Positive Feedback: Include commendations or positive feedback from colleagues, supervisors, or clients on your insurtech work. These points, backed by concrete examples and data, effectively demonstrate your insurtech contributions to personal growth and company success.

Throughout the year, you should always view your work with a critical eye. Ask yourself: Is there any way to make things better and more efficient? Can they be made to look better and be easier to understand? Also, with all the projects you have completed during the year, make sure to mention everything during the review!

There is a large community of insurance professionals eager to help. Use LinkedIn as a resource to connect with colleagues that may have more experience using technology that you want to gain more experience using. Join LinkedIn Groups and look for webinars promoted on LinkedIn that will increase your knowledge and provide insight into the area that interest you. Doing so, you will quickly start closing the gap in the areas where you want more experience.

If the value of your effort isn't initially acknowledged, don't be discouraged. It will be. Every action you take to improve the company by leveling up your insurtech skillset is also increasing your value to the industry as a whole. Remember, in insurance, you are a part of an industry that helps people every single day. And by taking the initiative in improving your skillset, who knows, your insurtech skills could be a launch pad that propels your career to great things, possibly at another organization.

Depending on the career path you choose within insurtech, there are many different opportunities you can pursue and learn from. Ask for feedback and guidance, look for online courses, and join group discussions!

Insuretech is a hot topic in the insurance sector. To perform exciting things in these areas, first and foremost, priorities to be defined focus for a particular period, showcasing the path towards that based on that interest area of the team, group, or individual. Since it's a new emerging sector, certainly, there is guidance required to perform the actions. To go forward on a particular path, create a Whitepaper, Point of View, or doable solutions (e.g., something in the embedded insurance area). And present part of opportunities offered or created to present back to a specific group defined and get their node. So that these things are showcased as contributions during the performance review.