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What’s Trending: Insurance

Planet Technology is experienced at helping insurance companies and we understand the unique challenges that present themselves in the P&C and Life insurance world. Whether launching new products, enhancing products, expanding into new markets, or addressing regulatory or compliance mandates, or modernizing systems, we can provide staffing and consulting solutions to meet your business and technology needs.

As we look back over the past year, we have seen the insurance industry using more BI data than ever before to drive growth and profitability. Most of these companies are looking to modernize their products to meet modern consumer expectations on mobile devices. In fact, a study by Liberty Mutual and Safeco found that “agencies that ranked in the top one-third on digital adoption experienced 70% higher revenue growth”.

In addition to focusing on a better mobile experience for their customers, insurance companies have been focusing on change management, agile & digital transformation, product development, and technology enablement solutions. A lot of clients are also actively involved in large scale modernization of their legacy applications, most revolving around trying to move away from stale skillsets (COBOL, DB2, RPG, etc.) and moving to more dynamic platforms, mainly Java/React/Angular.

Key findings in the insurance industry include:

  • Top five job titles requested were: Business Analyst, Senior QA Analyst, BI & ETL Developer, Developer, & Desktop Support Technician.
  • Of all placements made in the past year, contract roles were the most desirable and made up 83% of jobs.
  • 68% of insurance jobs over the past year were remote while 32% required some sort of in-office work.

“We have become very good at understanding the unique skills, both technical and non-technical, that are required to support insurance systems and the many downstream systems that come with supporting the business.

I think our clients value our partnership because we save them time and effort when looking to augment their teams by providing quality resources that truly understand, and can be successful in, the unique technical environments that most insurance companies have.”

Jeff Jorgensen,
Executive Vice President Planet Technology

About Planet Technology

Insurance companies, both P&C and Life, have challenges that are unique to their domain. With the speed at which technology changes, you need a partner who stays at the leading edge – and has the insurance domain expertise and talent network to meet your evolving needs. Specializing in Information Technology, Cybersecurity, Software Technology and Development, Technical Support and Quality Assurance, and led by a team of experienced Tech recruiting experts, Planet Technology team is the ideal partner to help you with your talent needs.

Our Core Technology group was born after The Planet Group acquired WinterWyman, an award-winning talent acquisition firm, and Interactive Business Systems, a well-known provider for IT staffing. Post-acquisition, WinterWyman and IBS joined Planet121, an enterprise solutions expert, and Planet Interactive, a creative and digital recruitment specialist, to form Planet Technology. They were joined by I.T. Works Recruitment, Inc. and OmniPoint Staffing in 2021.

Photo Credit: Canva

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