Financial Services
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Older Workers Are the Solution to Banking's Talent Shortage
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Employers' "obsession," as a MarketWatch article termed it, with hiring millennials and even younger digital natives is especially hurting the financial services industry, as the interest is unrequited.
A Deloitte Insights article says the financial institutions worldwide are facing two critical employment trends: "a pervasive talent gap and a boom in the number of baby boomers still employed or seeking employment in their workplaces."
Deloitte says the talent ...
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Alternatives Future Is In Digitalization and New Jobs
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New research from Willis Towers Watson suggests it will be technology that differentiates alternative assets fund managers in the future.
To be sure, there are other ingredients to asset manager success. A strong culture, the ability and the willingness to accept and deal with change and well-positioned business models are among the six attributes that the report -- The asset manager of tomorrow -- says are "critical requirements to asset manager success ...
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An Ideas Incubator Is Helping Insurers to Transform
Read the rest of this entry »When it comes to digitalization and transforming their business for the internet age, the insurance industry is “lagging a bit,” says Dennis Barnes. He heads RGAX, the innovation incubator of Reinsurance Group of America, one of the largest global reinsurance firms.
Speaking recently with Knowledge@Wharton, Barnes detailed the industry’s progress toward changing the way insurers are transforming themselves to meet the rapidly changing needs of customers and to ...
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Quants, Researchers Are the Most Satisfied
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Smile if you're a quant or a researcher. They're the two most rewarding jobs in finance.
That's the somewhat surprising result of a still ongoing survey by eFinancialCareers. Some other jobs in banking may pay better -- M&A and finance, for instance. But the intellectual stimulation of research more than makes up for any paycheck differences.
According to the survey, satisfaction by quants and researchers reached 6.5 and 6.6 ...
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The Who's Who and What's What In Business Insurance
Read the rest of this entry »For anyone in the business of business insurance or considering a career in the industry, Business Insurance is a valuable resource. The kaleidoscope of daily articles alone will keep you up-to-date on everything from cyber risks to workers' comp. But it's the resources and reports section where the site really stands out.
We're not shilling for the site, just letting you know as we do from time-to-time about a useful ...
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How to Win In the Next Recession
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International consulting firm Bain & Company issued a report last week that should serve as a blueprint for leading a company through a recession, which is imminent, at least according to Beyond the Downturn: Recession Strategies to Take the Lead.
"Predicting the onset of a recession is difficult, but a downturn likely will arrive soon," the report maintains, citing the length of the current expansion, economic turmoil over ...
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Insurance Jobs Are Growing, But Some Sectors See Declines
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The Insurance Information Institute (III) just published a series of charts showing trends in employment in the insurance industry since 1990.
What it shows is that a previously slow growing industry -- from an employment standpoint -- began adding jobs a few years ago at a pace not seen since the early 1990s. The III report somewhat understatedly headlines one section, "From 1998–2013, Total Industry Employment Has Stayed in a Narrow ...
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What You Post Could Make You Uninsurable
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The insurance industry is beginning to explore how checking your social media posts might be used to set rates for everything from auto insurance to life.
Today, the technology isn't quite there. Give it a few years though, and you might just find that video of you doing a wheelie at 60 miles an hour will cause your premiums to go through the roof -- if you can even get insurance ...
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Is 2019 the Twilight For Community Banks?
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Technology may be sounding the death knell for community banking.
With 50% of the branches in the U.S., local and regional banks should be gobbling up new deposits. They're not. They're not even getting what might be considered a proportional share, settling for a mere 20% of deposit growth over the last three years.
Contrast that with the nearly 50% of new deposits that went to the three largest ...
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Do Our Money Worries Predict Future Banking Problems?
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Could consumer financial worries predict trouble for the banking industry?
That's the claim of Dr. Dan Geller and Haifa University's Prof. Nahum Biger. Writing in the Journal of Applied Business and Economics, they show "how money anxiety is a major factor impacting liquidity levels and interest rates in the banking system." Their study uses Using Geller's Money Anxiety Index as an important new variable in the predictive models.
Geller ...
