Global Recruiters of Denver

Hiring Insights from the Latest U.S. Home Insurance Industry Trends The recent LexisNexis U.S. Home Trends Report shows a consistent upward trend in all-peril loss costs over the past seven years, with catastrophic claims hitting their highest levels in 2023. As home insurance carriers grapple with increased costs, regulatory challenges, and shifting climate risks, these industry developments directly impact hiring within the P&C sector. As insurers face rising premiums and profitability challenges, businesses will need strategic hires who can navigate complex risk environments and drive operational efficiencies. For hiring managers, this means the demand for candidates with specialized skills in catastrophe modeling, risk assessment, and data analytics will only increase. The report also emphasizes the need for carriers to rely on long-term data to make informed decisions about their portfolios. This highlights the critical role of underwriters, actuaries, and claims specialists who understand the broader historical context and can help their companies remain nimble in today’s dynamic market. Key areas of opportunity in hiring: 1. Catastrophe Experts: With catastrophic claims making up 46% of all claims, hiring professionals experienced in handling large-scale weather-related disasters—like hail, wind, and fire—is essential for long-term success. 2. Data Analysts & Actuarial Specialists: As the importance of long-term trend data grows, carriers need professionals skilled in using historical data to refine pricing and risk evaluation strategies. A robust team of analysts will be vital in identifying profitable markets. 3. Claims Specialists: With frequency and severity rates fluctuating across different perils, finding claims specialists who can streamline claims processes and improve customer experience will be increasingly valuable. Actionable Takeaway: As the industry faces mounting pressure from rising loss costs and increased catastrophes, ensuring your hiring strategy focuses on attracting top talent with a deep understanding of risk management, catastrophe modeling, and data-driven decision-making will set you ahead of the competition. Now is the time to build teams capable of navigating these challenges and driving profitability.

Hold onto your raters, insurance folks! The P&C pricing world is spinning like a catastrophe modeler's hard drive during hurricane season, and whew - what a ride it's been! Let's talk about what's really happening out there: ?? Premiums are rising faster than your morning coffee prices ?? Underwriting standards are tighter than ever ?? Social inflation is crashing the party with those eye-watering 'nuclear verdicts' ?? Compliance teams are burning the midnight oil keeping up with evolving standards But here's the thing - this isn't just another market cycle. We're witnessing a fundamental shift in how we approach pricing strategy. The old playbook? Yeah, you might as well be pricing policies with a dartboard. What really gets us excited is how this is reshaping talent needs. The future stars of P&C pricing will be those rare breeds who can: ? Dance between data analytics and traditional actuarial science ? Navigate regulatory mazes while innovating solutions ? Turn catastrophe models into strategic advantages Ready to revolutionize your approach to pricing? Because in today's market, standing still is moving backward. Share your thoughts: How is your team adapting to these seismic shifts in P&C pricing?

P&C insurance resume red flags: Words to ditch now! As your trusted finder of keepers in the P&C world, we’ve reviewed more insurance resumes than an underwriter has seen submissions. Here’s your quick guide to powering up your P&C CV for today's competitive landscape: Out with the old: ? "Responsible for policy renewals" – Too vague! ? "Assisted with risk assessments" – You did more than that! ? "Participated in claims processing" – Were you a leader or a file clerk? ? "Familiar with underwriting software" – Are you really? ? "Experienced in property inspections" – Tell us how many! In with the new: ? "Drove 95% policy renewal rate for high-value commercial properties" ? "Conducted comprehensive risk assessments, reducing claim frequency by 20%" ? "Streamlined claims processing, cutting average resolution time by 30%" ? "Leveraged advanced underwriting software to increase policy accuracy by 15%" ? "Completed 500+ thorough property inspections, identifying potential hazards" Today’s resumes should be as robust as a comprehensive coverage plan, using metrics to show measurable results and highlight your unique value in the P&C landscape. Remember to focus on industry-relevant skills like data-driven decision-making, cyber risk awareness, and client retention strategies to stand out. ???Quick Tip:?Tailor your resume to each role by focusing on recent accomplishments that directly align with the position. Each word should emphasize your role as a proactive, results-driven professional. Ready to make your resume catastrophe-proof? Let’s connect and take your insurance career to the next level!

The future of insurance is in great hands! Our recent workshop at CU Denver's Business School was nothing short of inspiring! The energy and engagement from the Risk Management and Insurance (RMI) Program and Gamma Iota Sigma members proved exactly why we're so passionate about supporting the next generation of insurance professionals. Our Chief Finder of Keepers, Jessica Peskin, led an impactful session where students brought real-world scenarios and thoughtful questions that demonstrated their deep understanding of where the industry is heading. From discussing the transformation of traditional roles through technology to exploring various pathways within the insurance ecosystem, these future leaders showed they're ready to tackle the opportunities ahead. One of the workshop highlights was introducing students to the vast network and resources available through InsurTech Denver, connecting them directly to the pulse of innovation in our industry. The enthusiasm these digital natives showed for merging traditional insurance expertise with emerging technologies was contagious! Special thanks to Cindy Baroway, CPCU, Alyssa M., and Ezel Masih for their outstanding hospitality and continued collaboration with InsurTech Denver. Your commitment to preparing the next generation of insurance professionals is truly making a difference. Want to bring this kind of energy and insight to your institution? Let's talk about hosting a workshop that empowers your students to lead the future of insurance!

Today, Global Recruiters of Denver is closed in observance of Veterans Day, honoring those who have served our country with dedication and courage. Veterans bring invaluable skills to the P&C insurance industry - leadership, adaptability, problem-solving, and an unwavering commitment to service. These qualities make them exceptional additions to insurance teams, whether in claims management, risk assessment, or leadership roles. As recruiters, we've witnessed firsthand how veterans' experience in planning, execution, and team leadership translates perfectly into building strong insurance organizations. Their ability to stay calm under pressure and make critical decisions mirrors the skills needed in our dynamic industry. To all veterans: Thank you for your service. Your commitment to excellence continues to strengthen our workforce and inspire our teams. We'll resume normal operations tomorrow.

Ready to dive deep into InsurTech's market impact? ? Global Recruiters of Denver is excited to spotlight an unmissable InsurTech Denver event! On November 13th at 4 PM MST, they're bringing together two powerhouse experts for an exclusive webinar on the public InsurTech landscape. Matt Carletti from JMP Securities will be sharing his expert analysis of InsurTech companies' performance in the public markets alongside Kaenan Hertz, a distinguished InsurTech executive whose insights are trusted by Standard & Poor's. Understanding market dynamics and valuations isn't just for investors - it's crucial knowledge for anyone in the insurance ecosystem. Whether you're a seasoned professional or exploring opportunities in InsurTech, this session will give you valuable insights into where the industry is headed. Want to be part of shaping the future of insurance? Register here:?https://lnkd.in/gyeRkiMW This is the kind of industry intelligence that keeps our community at the forefront of innovation. Don't miss this opportunity to expand your InsurTech knowledge! #insurtech #publicmarkets #webinar #innovation

Congratulations!?You've navigated the complex underwriting process of job hunting and secured a new position in the P&C insurance world. Now, it's time to ensure your career doesn’t suffer any unexpected losses. Here are some of our key strategies to help you start strong: 1. Master the Policy Language: Immerse yourself in your new company's culture, values, and unique approach to risk management. Understanding the nuances of your team’s mission will help you align your contributions, add greater value, and build trust early on. 2. Build Your Network Bench Strength: Forge strong relationships with your team and peers. In insurance, your network is your safety net. Collaborate and connect often to expand your support system and learn from others’ expertise. 3. Find Your Claims Adjuster: Seek out experienced colleagues who can guide you through the intricacies of your new role and company. They’ll provide insights that can accelerate your learning curve and help you avoid potential pitfalls. 4. Embrace Digital Transformation: Technology is rapidly reshaping the insurance industry, from AI-driven underwriting to predictive analytics. Familiarize yourself with the latest tools and trends, stay curious, and be willing to learn new skills. Adapting to tech advancements will set you up for long-term success. 5. Stay Ahead of the Risk Curve: Today’s P&C professionals benefit from an active understanding of emerging risks—from climate-related impacts to cyber threats and regulatory changes. Keeping a proactive pulse on these developments can help you bring a competitive edge to your work. 6. Champion Diversity and Inclusion: A range of perspectives enhances decision-making and innovation. Contribute to a diverse, inclusive environment that encourages fresh ideas and a strong, collaborative culture. 7. Be a Proactive Underwriter of Ideas: Communicate openly and bring your unique perspective to the table. Your fresh eyes might spot opportunities that others have missed. Show initiative by sharing new ideas to create value within your team. Starting a new role is like writing a new policy—it requires careful assessment, clear communication, and a willingness to adapt to changing conditions. We’d love to hear from you!?What strategies have helped you make a lasting impact in a new P&C insurance role? Or, what was your biggest challenge in the first six months? Share your experience in the comments!

The P&C pricing landscape is transforming faster than ever. As inflation reshapes traditional rate-making and social inflation drives 'nuclear verdicts,' pricing adequacy has become our industry's north star. Today's market demands a new breed of professional. We're seeing successful organizations build teams that combine: ? Underwriters who excel at emerging risk assessment ?Actuaries who can model the seemingly unmodelable ?Claims professionals who navigate complex litigation with diplomatic finesse ?Data scientists who bridge the gap between Big Data and Insurance fundamentals The hard market isn't just challenging our pricing strategies – it's revolutionizing our approach to talent. Companies that thrive will be those that invest in professionals who can balance technical expertise with adaptability. Is your P&C pricing team equipped for this new era? The future belongs to those who can innovate while maintaining actuarial discipline.

The Women in the Workplace 2024 report by McKinsey has recently dropped and the findings are stark: while P&C insurance celebrates progress in gender diversity, we're still navigating significant hurdles. With women making up nearly half of our industry's entry-level workforce but only a fraction of executive positions, it's clear we're facing more than just a glass ceiling - we're dealing with structural barriers that demand immediate attention. Despite our industry's reputation for analytical precision and risk management, we're still struggling to address one of our biggest organizational risks: the systematic loss of female talent as they move up the career ladder. The numbers tell a story of untapped potential and missed opportunities, particularly in technical roles where female representation remains stubbornly low. Here are three key steps companies can take to accelerate progress: 1. Fix the "broken rung": Focus on promoting more women to first-level manager positions in underwriting, claims, and actuarial departments. This is where the biggest drop-off occurs in the leadership pipeline. 2. Invest in deeper manager training: Managers play a crucial role in women's advancement. Ensure they have the skills to support, mentor, and advocate for women on their teams, especially in technical roles. 3. Address microaggressions: The report shows these haven't decreased over time. Implement robust anti-bias training and create accountability systems to foster a more inclusive culture in insurance offices and client interactions. But change isn't just up to companies - we all have a part to play: ?? If you're a leader: Champion diversity initiatives and hold your organization accountable for representation in key insurance roles ?? If you're a manager: Proactively identify and address any barriers that might prevent qualified women on your team from accessing challenging assignments and leadership opportunities. ?? If you're a colleague: Create an inclusive environment by actively supporting each other and addressing any instances of bias we observe in meetings or client engagements. Remember, progress is possible, but it requires consistent effort from everyone. What action will you take today to create a more equitable P&C insurance workplace?

Happy Halloween! ?? Don't ghost your career opportunities! ?? BOO! On this spookiest of days, let's talk about something truly frightening - forgetting to follow up with hiring managers after your interview! While ghosts and goblins may be trending tonight, ghosting potential employers is never in style. Quick tips to keep your job search from turning into a horror story: ?? Send that thank-you note within 24 hours of your interview ?? Check in on your application status after one week ?? Keep hiring managers updated if your job search status changes ?? Maintain professional connections even if the role isn't a fit In the P&C insurance industry, today's hiring manager could be tomorrow's career ally. Don't let good opportunities vanish like spirits in the night! From all of us at Global Recruiters of Denver - have a safe and happy Halloween! And if you're job hunting, treat your professional relationships with care (no tricks needed). Want to discuss your career journey? We're here to help light the way - no haunted house navigation required! Book a call with us today by sending us a DM.