Singapore’s insurance industry faces challenge in attracting young talent, despite competitive benefits,

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SINGAPORE: The insurance industry may be offering competitive salaries, benefits, wellness programs, career advancement opportunities, and job stability, but only 56% of Singaporean graduates see it a

s an attractive career path, according to a recent report by Canopius, titled “Listening to Tomorrow’s Leaders: Attracting and Retaining Young Talent into Insurance,” as reported by theDespite these advantages, the insurance sector struggles with lingering misconceptions.

Among graduates who did not find insurance an appealing career choice, a staggering 70% cited limited career growth opportunities, 48% pointed to a lack of industry knowledge, and 36% described the sector as unexciting.‘I have been job hunting since February and till now I still have no luck in getting a job’ — new NTU grad says

However, the report does suggest that insurance is nearly on par with finance and consulting in terms of perceived job stability and work-life balance, with 72% and 71% of respondents, respectively, associating these attributes with roles in the industry. “We’re encouraged by the alignment between what young graduates want and what the insurance industry already provides,” said Soon Keen Lee, CEO of Canopius Group for APAC and MENA.The findings underscore a significant opportunity for the insurance sector to reshape its narrative and bridge the gap in perception to better attract future professionals.

As the industry continues to evolve, addressing these misconceptions may be key to ensuring its long-term growth and sustainability in the competitive job market.Chinese solar giants flee to untaxed territories, evading U.S.

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