Insurance Business has revealed the top insurance employers in Asia that have adopted programs and policies to attract, train, and retain talent while persevering through the COVID-19 pandemic, supply chain issues, inflation, and the possibility of an outflow of talent due to emigration and the Great Resignation.
Unlike some western global financial capitals, Apac cities tend to offer a broader mix of cultures and employees with a wider spectrum of skills. So, how did IB identify the best insurance employers in the region?
In May 2022, IB Asia invited insurance companies across the region to recommend candidates – insurers, brokerages, underwriting agencies, and other firms – for this year's list. The IB Asia team then asked the nominees for details of their operations, number of employees, average tenure of staff, and turnover rate over the last 12 months and required them to provide an employee engagement score and details of methodology used to obtain it.
The nominees described their key achievements, activities, programs, and results across several criteria, including remuneration, training and professional development, career progression, diversity and inclusion, access to technology and resources, communication, work-life balance, health and wellbeing, and rewards and recognition.
Finally, this year's winners were judged on the above-mentioned criteria and evaluated on their diversity, equity, and inclusion (DE&I) policies – a global trend that has not taken root as much in Asia.
One of this year's top insurance employers in Asia is Peak Reinsurance Company, a privately owned global reinsurer headquartered in Hong Kong that has grown from a local player into a global reinsurer that offers a wide range of products and services in the property and casualty (P&C) and life and health (L&H) reinsurance markets.
Learn more about what made Peak Reinsurance Company stand out among insurance employers in Asia this year by reading its profile here, or see the rest of the winners by checking out the IB Asia Top Insurance Employers 2022.