Rising demand for advanced tech skills within traditional insurance roles

Published on

A new poll undertaken within the insurance sector has looked at the growing importance of technological skills.

RDT, a provider of insurance technology solutions, polled technology executives at insurance firms. It found that firms expect significant changes in traditional roles, particularly in underwriting and claims, as the industry continues to adopt automation and digital transformation.

According to the poll, 54% of respondents believe traditional roles will require enhanced technical skills, with a focus on data analysis and machine learning. To meet this demand, over 90% of insurers report investing in training programmes to equip employees with these digital skills, ensuring the workforce remains competitive in a technology-driven future.

AI SEEN AS CRITICAL

RDT says its poll highlights the growing importance of data analytics and artificial intelligence (AI), which 80% of respondents identified as critical skill areas for the future of the insurance workforce. Respondents also pointed to digital customer experience (60%) and cybersecurity and risk management (60%) as essential competencies. These skills are expected to not only improve efficiency but also to address emerging challenges in a digital insurance landscape.

Joe O’Connor, deputy CEO at RDT, said: “As insurers ramp up digital transformation efforts, the industry must prepare for a new era where technical skills are essential. At RDT, we support insurers through this transition with platforms designed to make data insights accessible and actionable. Our orchestration technology empowers insurers and prompts engineering experts to insert AI into processes thus enabling their colleagues to leverage the power of data without requiring advanced technical expertise.

“By investing in training and development, insurers are building a workforce equipped for the future – one that is capable of delivering a seamless, digital-first experience for their customers.”

The firm also claimed that its poll further indicates a widespread emphasis on customer-focused digital tools and technologies, with 91% of respondents confirming active investment in upskilling staff. RDT said the results underscore that while digital and technical skills are critical, they must be complemented by customer experience expertise to fully realise the potential of technology in the sector.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...

Brokers urged to strengthen sanctions checks

Mortgage and financial services firms are being urged to review their sanctions controls after...

OneDome named among Europe’s fastest-growing fintech firms

OneDome has been named one of the fastest-growing fintech companies in Europe, the Middle...

Latest publication

Other news

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...