A recent rapport by MarshBerry sounds the alarm about a looming labor crisis among intermediaries in the insurance sector. MarshBerry is a leading consultancy company with a focus on insurance and wealth management, regularly publishing insights on market developments.

Their research indicates that the average age of employees in the industry is already quite high, and due to the retirement of baby boomers, an even greater shortage of workers will emerge within a few years.

Top put things in perspective, by 2030, literally every boomer will be 65 and over!

This shortage is expected to lead to a War-for-Talent. According to the report, the solution is twofold: offer higher wages and ensure an attractive work environment with good career prospects.

More pay ánd more benefits in the form of responsibilities and long term prospects. No small feat for any employer.

We believe that we can help intermediaries in this regard.

Our solutions are characterized by shorter development cycles and are based on co-development. Our clients (and our clients' clients) are more closely involved in these software development processes, allowing us to better meet their actual needs and required functionality.

But how does that lead to higher wages and more autonomy?

Our software will automate repetitive tasks, streamline internal processes, and improve overall efficiency. By reducing the amount of tedious work, employees can focus more on tasks with higher value, thus increasing productivity.

This allows for higher wages without jeopardizing overall profitability.

More satisfied customers: Shorter development times mean faster implementation of customer-focused tools and technologies. These solutions can enhance customer service, satisfaction, and retention, which is crucial for intermediaries to remain competitive in attracting and retaining customers.

Working for a company with mostly very satisfied customers is obviously much more enjoyable than working for a company where you're constantly going from one crisis to the next.

Deploying innovative software solutions can be a key factor in attracting technically savvy and younger employees looking for opportunities to work with the latest technologies.

Furthermore, involvement in joint development projects fosters an environment of collaboration with more diverse groups and external stakeholders, which can be attractive to talented employees seeking engaging and challenging work.

Interested in learning more about how Macanta delivers value to intermediaries? Contact us, and we'll be happy to provide further information.