Leaders Cove Launches Insurance Technology Practice

As market improves, IT vendors serving the insurance industry will benefit from assistance in building effective teams, the staffing company's strategists believe.

Seeing increased demand for qualified IT resources in respond to market improvements, LeadersCove (Littleton, Colo.) has launched a specialized operations and HR service line to help insurance technology companies better manage the development, advancement and retention of key talent, according to a LeadersCove news release.

Citing predictions of a growth year for insurers in terms of both revenue and staff, the LeadersCove release asserts that technical staffing will continue to be a challenge, especially in the P&C industry.

"Technology companies that serve the industry are walking a tightrope," comments Julia Hill-Nichols, founder of LeadersCove. "On the one hand they need to closely manage their costs, but their future success require that they continue to develop technologies that effectively and efficiently support the growth of the insurance industry."

The LeadersCove release emphasizes a loss of Baby Boomer staff with deep domain knowledge. In response, LeadersCove recommends, business leaders must focus on: investing in the advancement of emerging professionals and their opportunities to lead; understanding and identifying their key talent requirements, both immediate and over the next three years; effectively engaging in the global economy through partnerships, market development and human resources; and developing a more customer-centered culture, both internal and external, with a strong value of accountability.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio