THINK DIFFERENTLY ABOUT KEY ISSUES IMPACTING THE PROFESSION

The Great Debate

“The role of an insurance broker in 2030 will be remarkably different to what it is today.”

This is the motion in front of the house that will be a catalyst to kickstart an entertaining and thought-provoking debate. Representatives from the insurance community will go head-to-head as they challenge all in attendance to ‘think differently’ about the future of broking.

Moderated by NIBA Vice President and EGM – Partner, Broker Services and Agencies, Steadfast Group Limited Nicholas Cook, the debate will feature participants from two teams, each

Tradition to Transformation: Attracting Talent to the Industry

In a rapidly evolving world, the insurance industry needs to recognise the importance to break free from traditional methods of acquiring talent and embrace the transformation required to attract talent. This session will explore innovative strategies and approaches aimed at attracting a new generation of professionals and existing professionals from other industries to the insurance industry.

Cameron Sheild, Strategic Risk Advisor, Lockton Companies Australia, and member of the NIBA Careers in Insurance Broking Committee explains why attracting talent has become such a hot topic in a postCOVID-19 world.

“We need to pay urgent attention to it today and start to build resourcing for comprising of two brokers, two insurers and one ‘wild card’ participant. They will take turns to argue for or against the motion. tomorrow as we do not want to be in a situation where the broking profession is devalued and clients and customers start to suffer as a result,” says Mr Sheild.

The affirmative team will be presenting convincing arguments that support the motion that the role of the broker will change remarkably come 2030. Meanwhile, the negative team will be looking to persuade the audience that whilst technology will have an influence, the role of the broker will remain fundamentally the same.

This promises to be an extremely engaging session. The winning team will be crowned at the end of the debate via audience vote!

“When I look back on the past 5 years, there has never been a more important time for buyers of insurance requiring the services and advice of a broker.”

Tom Wheeler, Client Services Officer, Lockton Companies Australia and NIBA Convention Committee member brings a young professional lens on this issue.

“Attendees will walk away with the key insight that embracing innovation and unconventional approaches to talent acquisition is crucial for the insurance industry's growth and success in the rapidly evolving world,” says Mr Wheeler.

“They will understand that breaking free from traditional recruitment methods and reimagining insurance careers are essential steps towards attracting a new generation of professionals and individuals from diverse backgrounds.”

Mr Sheild believes a lot of it has to do with perception – how the industry perceives itself and is perceived from the outside by others – and that there’s a need to think differently to tackle this perception problem.

“Insurance broking is the financial services industry’s best kept secret, which is a crazy notion,” he says.

“We need to be shouting from the rooftops just how good being an insurance broker is, the opportunities, the various specialty options a broker can take, the excitement of digging into a risk problem and trying to find a solution, the ability to stretch yourself and achieve higher and simply the fantastic remuneration available and ability to run your own business.”

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