M&A specialists – There has been an increase in recruitment activity from medium-sized insurance firms for M&A specialists at all levels. These foreign based insurers continue to focus their growth within Asia.
Bancassurance – A decrease in demand for agency and telemarketing services for insurance business development has led to an increase in investment in developing banks’ channels for distribution.
Independent Financial Advisors & Brokers – For face-to-face sales, we have seen insurers shift their focus to securing Independent Financial Advisors & Brokers.
Actuaries – There has been ongoing demand in this area and companies are focusing on products, pricing and valuation. The demand for talented actuaries who know the Hong Kong or APAC market has yet to be fully met.
Brokers – The competition within the multinational brokerages continues to heat up and we are seeing demand increase for top talent including Directors and Senior Managers.
Employers have indicated that they are looking to hire more Actuaries in the areas of Business Development and Distribution. Financial regulations continue to change the way products are distributed to customers. We expect to see a shift away from conventional means of distribution, such as Telemarketers and Agencies. Focus will be placed on electronic, bank and broker channels of distribution.