Life insurance poised to drive hiring activity in 2018

Business development specialists are also needed in the bancassurance channel.

The life insurance sector is poised to remain as a key growth driver in Hong Kong’s insurance landscape for 2018 amidst strong demand for retirement and pension products, according to Hays Asia Salary Guide. 

“The Hong Kong insurance sector was remarkably resilient in 2017 achieving strong growth in premiums. In 2018, employers will add new head count and implement new tactics to make their organisation more attractive to prospective candidates,” the report added. 

The bancassurance channel is also poised to generate talent demand as insurers and banks continue to forge long-term partnerships to pursue shared business goals with roles in business development, product management and distribution are poised to be the most sought after. 

Moreover, strong hiring activity is also expected across audit, risk and compliance with the new Insurance Authority launching operations in mid-2017. 

“Strategic planning is also on the agenda for 2018 as multiple business acquisitions occurred in 2017. Post-merger projects and change initiatives are ongoing in a number of organisations,” the report added.