Captive sector widening talent scope and increasing salaries to attract, retain talent

• A number of industry schemes in place to train and keep talent
• Particular shortage of mid-tier experience within the sector
• Important for firms to provide talent with experiences outside the office
• A number of networking and educational opportunities available

Captive recruiters are expanding beyond traditional areas to attract talent from other areas of the insurance sector as well as from entirely different industries, aiming to address an alarming talent shortage in the industry.

As a result of companies competing for a finite amount of talent with increasing private equity activity in the captive market, salaries are rising across the sector. While the competition is fierce, rising salaries are helping it compete with other financial services industries.