Shortage of skilled workers in the insurance industry: Signal-Iduna is cooperating with Google to counteract this

Shortage of skilled workers in the insurance industry: Signal-Iduna is cooperating with Google to counteract this

According to a report from www.abendblatt.de,

The insurance group Signal Iduna is faced with the challenge of 250 employees leaving the company every year for reasons of age. This leads to a shortage of skilled workers and the loss of valuable know-how. For this reason, the company is trying to take measures to keep older employees in the company longer and to attract young talent. This also includes a cooperation with the US technology group Google, which is intended to promote new business models and a culture of innovation.

The home office share at Signal Iduna is currently 65 percent, which means that CEO Ulrich Leitermann wants less home office and plans to bring 60 percent of employees back to the office before the summer holidays. For this purpose, a state-of-the-art office environment will be created in City North and a large proportion of the employees who previously worked at Dammtor will move there.

Although business did not suffer greatly from the high home office rate, income from investments fell by 22 percent due to the rapid rise in interest rates. Nevertheless, Signal Iduna achieved the best sales result in the company's history in the first quarter of 2023.

These measures and developments are likely to have an impact on the labor market, the insurance industry and consumers. The increased presence in the office could lead to increased teamwork and creativity, while the cooperation with Google could potentially create new business models and increase the company's attractiveness as an employer. However, the rise in interest rates and loss of earnings could impact the company's new investments.