- The industry is in desperate need of intensive, role-specific, and practical training and professional development to meet the fast-approaching talent crisis.
- This is key to attracting a younger generation of workers, who statistically place greater value on learning and development opportunities and mentorship.
- Short, industry-focused courses can bring capable learners up to speed, bringing around a fast return on investment for the businesses they work for.
- The Cyber Insurance Academy’s CCIS program is accredited by the Chartered Insurance Institute – that’s quality, guaranteed.
The Cyber Insurance Industry is Facing a Severe Talent Shortage
The global cyber insurance market is expected to reach a value of over $28 billion by 2028, but a severe talent drought is holding it back.
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About the Talent Shortage:
1. The size of insurance workforce is dwindling.
- 400,000 employees will soon retire from the insurance workforce, but there is no one to replace them.
- 8 out of 10 millennials are not interested in a career in insurance.
2. Cyber security knowledge and awareness is critically low.
- Too few workers in the insurance sector possess the knowledge and technically skills needed to survive in the fast-paced, challenging cyber insurance industry.
3. The academic deficit must be met - and without delay.
- Overall, the industry is not yet doing enough to attract, develop, retain young talent for cyber insurance roles.