11 January 2017 - Rodrigo Amaral
Insurance company boardrooms are changing. Tighter governance requirements, a new generation of customers and the digital economy are forcing company boards to look for leadership talent outside the confines of the insurance industry.
The need to add new skills and fresh experience to their boards is also boosting compensation packages for board members. Remuneration for subsidiary board members at global insurers and reinsurers has doubled in the past 18 months, headhunters say.
The pace of change is slow, as those people with traditional skills such as underwriting and actuarial experience remain the most sought after to fill open positions at ...