The CEO of Lloyd’s of London has said that the insurance industry worldwide urgently needs to attract the skills and talent of Millennials in order to secure its future. Only those businesses that can adapt and change with times will survive, IngaBeale said.
Speaking in support of Insurance Careers Month, Beale said that the pace of change is happening ten times faster than the industrial revolution, and that the digital revolution taking place right now is going to have 300 times the impact that the industrial revolution did over 150 years ago.