Experts predict insurance trends in Australia and New Zealand

Experts predict insurance trends in Australia and New Zealand | Insurance Business Australia

Insurance News

Experts predict insurance trends in Australia and New Zealand

Experts were interviewed for Insurance Business Top Insurance Employers 2023 awards

Insurance News

By
Roxanne Libatique

Experts interviewed by Insurance Business Australia and New Zealand for the 2023 Top Insurance Employers awards have predicted the trends in the insurance industry in the years to come.

Meghan Donnithorne, director of tech and transformation and government division at Robert Walters NSW, expects the following trends to emerge:

adjusting annual salary increases in response to the rising cost of living
checking salaries against the market and the current skill level of employees
capitalising on immigration to gain international talent

Challenges facing insurance industry

Industry expert Andrew McKechnie, head of workforce solutions New Zealand at Mercer, expects the insurance industry to face challenges such as:

sustaining growth though talent attraction and retention
adopting and implementing strategic workforce plans
ensuring organisations and their employees are aligned with internal and external requirements

See the experts’ insights and the rest of the list of Top Insurance Employers in Australia and New Zealand by reading the Insurance Business Top Insurance Employers 2023 special report.