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Technology Revolutionizing How Insurers Do Business

Posted by Richard Jacobson on Sep 25, 2017 9:21:38 AM

For years, the insurance industry has stood as a virtual island amid a sea of growing technological changes. While innovations and advancements transformed industries from banking, commerce, travel and more, insurers maintained business as usual.

But the industry can no longer silo itself against transformation. In fact, more than 80 percent of CEOs identify technological advancements as the top trend expected to transform the industry in the coming years. Today’s organizations are increasingly embracing the opportunities brought by technological advancements—driven by rising innovations, emerging disrupters and evolving business needs.

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Topics: Technology, Analytics, Managed Care, Property and Casualty, Life and Disability, Healthcare

Strong Industry Outlook Highlights the Need for Talent Solutions

Posted by Richard Jacobson on Sep 5, 2017 10:09:00 AM

The results from our latest Insurance Industry Labor Market Study are now available! Since its debut in 2009, this bi-annual study has become an accurate predictor of the industry’s staffing outlook. Read on for highlights from the most recent study or download the full results.

Increased Revenue Projections Accelerate

With 81 percent of insurers surveyed projecting growth, expectations to increase revenue are now 11 points higher than they were in January. This is the first time since July 2012 that expectations for revenue growth have increased between the January and July survey periods. Large and mid-sized companies reported the greatest optimism for revenue growth, at 84 percent and 85 percent, respectively.

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Topics: Labor Market

Technology is Changing the Way We Enroll in Health Plans

Posted by Richard Jacobson on Aug 28, 2017 9:17:09 AM

The 2018 healthcare open enrollment period is on the horizon. Unlike previous years, this year’s enrollment season will last only 45 days—spanning from November 1 through December 15, 2017. This shortened period is concerning for healthcare providers who continue to face an increased demand and influx of new customers during open enrollment.

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Topics: Technology, PPACA, Healthcare

Insurance Talent Shortage Hits Finance and Accounting

Posted by Richard Jacobson on Aug 16, 2017 7:49:54 AM

Insurance organizations are facing a perfect storm within their finance and accounting departments. Increased accounting-rule changes and regulations are driving insurers to grow their current finance and accounting departments. In fact, the accounting sector boasts faster than average job growth. Currently, the U.S. Bureau of Labor Statistics projects an 11 percent growth by 2024—representing the addition of 142,400 new jobs. Unfortunately, this growing demand is being met with an increasingly shallow talent pool of experienced professionals.

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Topics: Labor Market, Managed Care, Property and Casualty, Life and Disability, Healthcare

The Remote Revolution: Benefits and Best Practices for Embracing a Telecommuting Culture

Posted by Richard Jacobson on Jul 19, 2017 1:32:07 PM

Quick—what does the typical telecommuter look like? Did your mind conjure up an image of a young professional set up in the corner of the local coffee shop with a large coffee and laptop? Or perhaps you pictured a busy mom juggling school drop offs with conference calls? Do these fit your idea of the typical work-at-home professional? If so, you’d be wrong.

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Topics: Managed Care, Property and Casualty, Life and Disability, Healthcare