Assessing InsurTechs’ Greatest Value to the Industry: Talent

The biggest contribution of InsurTech to the insurance industry may well be talent—technology talent, insurance talent, just raw talent.

Executive Summary

"One key to solving insurance talent gaps is to support entrepreneurs who draw talent into the industry," writes Adrian Jones in this update on the talent picture for InsurTechs. Based on his tally of 99,000 people working at 400 notable InsurTech companies, Jones finds that roughly half the companies included in the analysis froze of reduced headcount in the back half of 2022. That means that established insurers who work to update employee value propositions, internal tech stacks and cultures have an opportunity to seize the moment and attract the future leaders of the industry to their doors.

Executive Summary“One key to solving insurance talent gaps is to support entrepreneurs who draw talent into the industry,” writes Adrian Jones in this update on the talent picture for InsurTechs. Based on his tally of 99,000 people working at 400 notable InsurTech companies, Jones finds that roughly half the companies included in the analysis froze of reduced headcount in the back half of 2022. That means that established insurers who work to update employee value propositions, internal tech stacks and cultures have an opportunity to seize the moment and attract the future leaders of the industry to their doors.

I recently tallied the headcount at over 400 notable InsurTech companies and identified over 99,000 people. That’s more than work at Allstate and AIG combined. And it’s up from 66,000 at the end of 2020.