When less is more

(Jul 3, 2010)

A particular leitmotif of 2010 is productivity - getting more work done with the time and resources available.  Often this is about controlling costs, but in the insurance sector in the European Union it is also about adapting to scarcity of resources: with Solvency II looming, there is strong Europe-wide demand for actuarial expertise.  If you are looking to hire staff, you may find it hard to get people with the knowledge and experience you need.  This was a theme in a list of comments from risk experts earlier this year:

"There is growing concern across the industry that there may not be a sufficient supply of trained and talented professionals to meet the growing demand for risk management skills."

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Tags: productivity, Solvency II, expert systems

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