{"id":51358,"date":"2022-03-15T10:00:35","date_gmt":"2022-03-15T17:00:35","guid":{"rendered":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/?p=51358"},"modified":"2024-07-28T18:21:17","modified_gmt":"2024-07-29T01:21:17","slug":"how-the-great-resignation-impacts-the-insurance-industry","status":"publish","type":"post","link":"\/us\/en\/blog\/how-the-great-resignation-impacts-the-insurance-industry\/","title":{"rendered":"How the Great Resignation impacts the insurance industry"},"content":{"rendered":"<p><b>Highlights:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurers are not immune to the effects of the Great Resignation, and 56 percent of insurers are looking to add staff this year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To attract and retain employees, insurers must focus on improving the employee experience at every stage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A cloud-based communications platform is a great tool for building a better employee experience.<\/span><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">\ud83d\udda5\ufe0f \ud83d\udcb8 \ud83d\udcf1\ud83d\udc69\ud83c\udffc\u200d\ud83d\udcbb Can you name the top 5 trends shaping the digital future of insurance? Grab our eBook to get up to speed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\t<\/p>\n<div class=\"download-form-widget enterprise-download-form\" data-url=\"https:\/\/netstorage.ringcentral.com\/documents\/trends_digital_future_insurance.pdf\" data-id=\"6a187fdd02459\" id=\"6a187fdd02459\">\n\t\t<button tabindex=\"on\"  on=\"tap:6a187fdd02459.toggleClass(class='open')\" class=\"open-modal-download-action download-form-button\" type=\"submit\">\ud83d\udcd9 Get the eBook<\/button><\/p>\n<div class=\"download-form-modal\">\n<div class=\"download-form-modal-body\">\n<div class=\"download-form-modal-content\">\n<div class=\"download-form-modal-title\">Find out the latest stats surrounding the insurance industry\u2019s digital transformation with our free eBook.<\/div>\n<form class=\"download-form ENTERPRISE\" method=\"post\">\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Full Name\" aria-required=\"true\" aria-invalid=\"false\" type=\"text\" name=\"fullname\" placeholder=\"Full Name\" data-dl-events-hover=\"true\" data-dl-element=\"text\" data-dl-additional-info=\"enterprise download form\">\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Email (please enter a work email address)\" aria-required=\"true\" aria-invalid=\"false\" type=\"email\" autocomplete=\"on\" name=\"email\" placeholder=\"Email (please enter a work email address)\" data-dl-events-hover=\"true\" data-dl-element=\"email\" data-dl-additional-info=\"enterprise download form\">\n\t\t\t\t\t\t<\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"popup_form\" value=\"1\">\n\t\t\t\t\t\t<\/div>\n<div><input type=\"hidden\" name=\"Asset_ID__c\" value=\"ODAM-02319\" class=\"download-form-input\"><\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"Lead_Entry_Source__c\" value=\"RC Blog Enterprise\" class=\"download-form-input\"\/>\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<button class=\"download-form-submit\" type=\"submit\" data-dl-element=\"button\" data-no-auto-dl=\"true\" data-dl-additional-info=\"enterprise download form\" data-dl-name=\"Get it now\">Get it now<\/button>\n\t\t\t\t\t\t<\/div>\n<\/p><\/form>\n<p> \t\t\t\t\t<button on=\"tap:6a187fdd02459.toggleClass(class='open')\" role=\"button\" tabindex=\"0\"  class=\"download-form-modal-close\"><\/button>\n\t\t\t\t<\/div>\n<div class=\"download-form-modal-thank\"> Enjoy!<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The Great Resignation is underway. Americans are leaving their jobs in droves largely due to low wages and inadequate working conditions. In 2021, an average of more than<\/span><a href=\"https:\/\/www.shrm.org\/resourcesandtools\/hr-topics\/talent-acquisition\/pages\/interactive-quits-level-by-year.aspx\"> <span style=\"font-weight: 400;\">3.95 million workers quit their jobs each month<\/span><\/a><span style=\"font-weight: 400;\">, the highest average on record.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A recent <a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/09-30-21-gartner-survey-reveals-ninety-one-percent-of-hr-leaders-are-concerned-about-employee-turnover-in-the-immediate-future\">Gartner survey<\/a> revealed that 91 percent of HR leaders are increasingly concerned about employee turnover<sup>1<\/sup>\u00a0in the coming months. It&#8217;s no wonder, considering how expensive employee turnover can be. Even prior to the Great Resignation,<\/span><a href=\"https:\/\/www.gallup.com\/workplace\/247391\/fixable-problem-costs-businesses-trillion.aspx\"> <span style=\"font-weight: 400;\">Gallup<\/span><\/a><span style=\"font-weight: 400;\"> estimated that voluntary employee turnover costs US businesses as much as $1 trillion per year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What does the Great Resignation mean for insurers, and what can be done to weather this storm?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\t<\/p>\n<div class=\"rc-subscribe\" id=\"new-rc-subscribe\"  style=\"background-image:url('\/us\/en\/blog\/wp-content\/themes\/ringcentral\/assets\/images\/temp\/subscribe.png')\">\n\t\t<button class=\"close js-popup-close\"><svg class=\"icon_close_mobile\" width=\"20\" height=\"20\"><use xlink:href=\"#icon_close_mobile\"><\/use><\/svg><\/button><\/p>\n<div class=\"rc-subscribe__wrapper\">\n<div class=\"rc-subscribe__wrapper_text\">\n<h3 class=\"rc-subscribe__title h2\">Stay informed with RingCentral<\/h3>\n<div class=\"rc-subscribe__subtitle\">Subscribe to our emails for the latest blogs, events, and exclusive content on AI-powered communication solutions. Stay ahead with insights and tips from the leader in trusted AI communications.<\/p>\n<p>\t\t\t\t\t<a href=\"https:\/\/www.ringcentral.com\/legal\/privacy-notice.html\" target=\"_blank\" data-dl-name=\"Privacy Notic\" data-dl-element=\"link\" data-dl-additional-info=\"social\" rel=\"noreferrer noopener\">Privacy Notice<\/a>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<div class=\"rc-subscribe__wrapper_form\">\n<form class=\"\" data-event-init=\"true\" novalidate data-js-form>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<input\n\t\t\t\t\t\t\t\tname=\"email\"\n\t\t\t\t\t\t\t\tplaceholder=\"Email address *\"\n\t\t\t\t\t\t\t\ttitle=\"Must be valid email. example@yourdomain.com\"\n\t\t\t\t\t\t\t\tminlength=\"4\"\n\t\t\t\t\t\t\t\tmaxlength=\"255\"\n\t\t\t\t\t\t\t\ttype=\"email\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tpattern=\"[a-z0-9._%+\\-]+@[a-z0-9.\\-]+\\.[a-z]{2,}$\"\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\tautocomplete=\"on\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-events-hover=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-element=\"email\"\n\t\t\t\t\t\t\t\tdata-dl-additional-info=\"LET'S WORK TOGETHER\"\n\t\t\t\t\t\t\t\taria-label=\"Email address *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"email-subscribe-errors\"\n\t\t\t\t\t\t><br \/>\n\t\t\t\t\t\t<span class=\"field__errors\" id=\"email-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<select\n\t\t\t\t\t\t\t\tname=\"Country__c\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\taria-expanded=\"false\"\n\t\t\t\t\t\t\t\taria-label=\"Country *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"country-subscribe-errors\"\n\t\t\t\t\t\t><option value=\"\" disabled=\"disabled\" selected=\"selected\">Country<\/option><option value=\"Canada\">Canada<\/option><option value=\"United_States\">United States<\/option><\/select><\/p>\n<p>\t\t\t\t\t\t<span class=\"field__errors\" id=\"country-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<button type=\"submit\" data-event-init=\"true\">Subscribe<\/button>\n\t\t\t\t\t<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"confirm-form\" role=\"status\" aria-live=\"polite\" style=\"display: none;\" aria-hidden=\"true\">\n<div class=\"confirm-form__text\">Thank you for your interest in RingCentral<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t<\/span><\/p>\n<h2><b>Insurance companies are understaffed and trying to expand<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/content.jacobsononline.com\/2021-q3-laborstudyresults\"><span style=\"font-weight: 400;\">Jacobson Group\/Aon study<\/span><\/a><span style=\"font-weight: 400;\"> conducted in 2021\u2019s third quarter suggests several insurance professionals are rethinking their positions with present employers and exploring their options. Recruiting, especially at experienced levels, is likely to be extremely challenging in the near future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the study, 56 percent of insurance companies plan to increase their staff in the next 12 months, with the top two reasons stated as understaffed areas and business expansion. If insurers are successful in increasing their staff, the industry as a whole can expect to see a 1.81 percent increase in employment in the next 12 months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understaffing is particularly problematic currently, considering the significant rise in claims in recent years. According to the<\/span><a href=\"https:\/\/www.iii.org\/fact-statistic\/facts-statistics-global-catastrophes\"> <span style=\"font-weight: 400;\">Insurance Information Institute<\/span><\/a><span style=\"font-weight: 400;\">, natural disasters and cyberattacks have increased tenfold over the last few years. 980 events occurred in 2020 alone, resulting in insurance losses of more than $80 billion. Cyberattack ransoms have also jumped by more than 170%, meaning claims professionals are sorely needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Staffing needs vary according to the size of the company. Here&#8217;s a quick breakdown of the talent needs according to company size.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Large insurers: technology, sales\/marketing, underwriting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Medium-sized insurers: technology, analytics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Small insurers: technology, claims<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most difficult jobs to fill are likely to be in technology, analytics, and actuarial roles.<\/span><\/p>\n<h2><b>What insurers can do to attract and retain employees<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recent<\/span><a href=\"https:\/\/www.mckinsey.com\/business-functions\/people-and-organizational-performance\/our-insights\/this-time-its-personal-shaping-the-new-possible-through-employee-experience\"> <span style=\"font-weight: 400;\">McKinsey research<\/span><\/a><span style=\"font-weight: 400;\"> regarding what employees really think about work and what they prioritize in their working environment provides some interesting food for thought for insurers. McKinsey analysts found that employees leaving companies are exhausted and overwhelmed, questioning what work means, and thinking through their options. In this environment, employee experience becomes a real priority for insurers looking to retain their experienced talent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What do employees want? McKinsey notes: &#8220;Workers are hungry for trust, social cohesion, and purpose. They want to feel that their contributions are recognized and that their team is truly collaborative. They desire clear responsibilities and opportunities to learn and grow. They expect their personal sense of purpose to align with that of their organization. And they want an appropriate physical and digital environment that gives them the flexibility to achieve that elusive work-life balance.&#8221;<\/span><\/p>\n<figure id=\"attachment_51378\" aria-describedby=\"caption-attachment-51378\" style=\"width: 930px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-51378\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/03\/insurers-employee-experience.png\" alt=\"A chart from McKinsey titled &quot;The EX factor: Companies can create a positive or a negative employee experience, which in turn affects business performance.&quot;\" width=\"930\" height=\"642\" \/><figcaption id=\"caption-attachment-51378\" class=\"wp-caption-text\">Source: McKinsey<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">To provide better employee experiences, insurers should consider how to optimize every stage of the employee journey, from recruitment to exit interviews, paying special attention to what McKinsey calls &#8220;moments that matter.&#8221;<\/span><\/p>\n<figure id=\"attachment_51379\" aria-describedby=\"caption-attachment-51379\" style=\"width: 930px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-51379\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/03\/insurance-ex.png\" alt=\"A McKinsey image titled &quot;Employee experience can be shaped in each part of the employee journey. Typical 'moments that matter,' sample company.&quot;\" width=\"930\" height=\"479\" \/><figcaption id=\"caption-attachment-51379\" class=\"wp-caption-text\">Source: McKinsey<\/figcaption><\/figure>\n<h2><b>How the right communications platform can help<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are several steps insurers can take to ensure additional employees will step aboard and current staff members will stick around. One of the simplest and most impactful changes an insurance organization can make is to employ a robust, cloud-based communications platform to keep employees connected and collaborative. Here are just a few of the benefits of leveraging an all-in-one, cloud-based communications platform:<\/span><\/p>\n<h3><b>Provides tools employees need to connect easily and effectively<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No matter where they are, employees should be able to communicate with each other. Whether it\u2019s by SMS messaging, video conferencing, or phone, a unified communications platform offers all communication tools through a central point that allows staff to remain in touch regardless of location.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With cloud-based communications, employees do not have to be in the same office to engage. As long as they have the necessary apps and tools available to them outside the office, they can complete tasks and stay connected.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-51380\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/03\/work-life-balance-insurance.jpeg\" alt=\"A woman sitting in a tropical setting talking on a mobile phone and using a laptop to depict work-life balance for insurance employees.\" width=\"930\" height=\"695\" \/><\/p>\n<h3><b>Offers increased flexibility for better work-life balance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Following the COVID pandemic, several offices are implementing either fully remote work environments or hybrid models that involve both in-house and remote scheduling. Employees have gotten used to these flexible work atmospheres and sometimes prefer them to the traditional routine of getting up and spending eight hours in a cubicle. These remote and hybrid environments allow staff members to balance work and life better, and a cloud-based communications platform can help.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An employee experiencing an emergency in an office can communicate with a person who\u2019s attending their child\u2019s baseball game. The latter individual can balance their life and work schedule as necessary to remain on top of tasks and ensure things are completed within set periods. A valid communications platform should connect both individuals with the simple press of a button that can:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Initiate a call<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Send a chat invite<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start a video conference<\/span><\/li>\n<\/ol>\n<h3><b>Helps management stay in touch with the needs of employees with anytime, anywhere access<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Cloud-based communications platforms enable managers to quickly set up and run video conferences with employees, either in a group setting or individually. Having &#8220;face-to-face&#8221; interactions, even virtually, improves employee experience. Interacting regularly in this way enables managers to quickly spot employee concerns and address any issues before they lead to employee attrition.<\/span><\/p>\n<h3><b>Builds a collaborative, inclusive culture<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Similarly, by providing ways for your team members to chat with each other and with you, cloud-based communications platforms help insurers build a culture of collaboration and inclusiveness. At-your-fingertips communication channels make collaborating with others as simple as a mouse click.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/p>\n<div class=\"rc-post-content-cta rc-post-content-cta_orange\">\n<div class=\"rc-post-content-cta-columns\">\n<div class=\"bottom-cta-img\">\n\t\t\t\t<img decoding=\"async\" width=\"930\" height=\"700\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/02\/finserv-hybrid.jpeg\" class=\"responsive-image\" alt=\"\" \/>\t\t\t<\/div>\n<div class=\"bottom-cta-copy\">\n<div class=\"headline-copy\" style=\"text-align:left;\"><\/span><b>UP NEXT: Ensuring security in financial services hybrid work environments<\/b><span style=\"font-weight: 400;\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"rc-post-content-cta-footer\">\n<div class=\"bottom-cta-logo-container\">\n<div class=\"bottom-cta-logo\"><span aria-hidden=\"true\"><svg width=\"154\" height=\"34\" viewBox=\"0 0 154 34\" fill=\"#000\" role=\"img\" 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\/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11.6302 16.6477V16.5017C13.8424 15.8905 15.339 14.4051 15.339 11.0684C15.339 7.64031 12.782 5.14423 8.04169 5.14423H0V26.9657H3.73931V18.3H8.29354C10.4143 18.3 11.4746 19.3604 11.4746 21.4811V26.9817H15.2139V21.4811C15.2139 18.3946 13.9033 17.1482 11.6302 16.6477ZM7.84117 14.9329H3.73931V8.51618H7.83956C9.86562 8.51618 11.4233 9.35998 11.4233 11.7277C11.4233 14.0955 9.85119 14.9329 7.84117 14.9329Z\" \/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19.7329 9.60219C20.2077 9.60219 20.6729 9.46262 21.0676 9.19794C21.4638 8.93485 21.7718 8.55948 21.9531 8.11994C22.1359 7.68039 22.1824 7.19754 22.091 6.73233C21.998 6.26552 21.7702 5.83721 21.4333 5.50194C21.0964 5.16506 20.6697 4.93727 20.2029 4.84423C19.7361 4.75119 19.2532 4.79931 18.8153 4.98219C18.3758 5.16506 18.002 5.47306 17.7373 5.86769C17.4742 6.26231 17.333 6.72752 17.3347 7.20235C17.3298 7.67879 17.4694 8.144 17.7325 8.54023C17.9956 8.93646 18.3726 9.24446 18.8137 9.42412C19.1041 9.54604 19.4169 9.6054 19.7329 9.60219Z\" \/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.9769 0.548269C16.101 0.914019 15.307 1.44981 14.6364 2.12196L16.332 3.81756C16.7764 3.37 17.3041 3.01548 17.8865 2.77325C18.4688 2.53102 19.0928 2.40429 19.7232 2.40269C20.3537 2.40108 20.9777 2.523 21.5616 2.76362C22.1439 3.00264 22.6749 3.35556 23.1225 3.79991L24.8181 2.10431C23.8106 1.1001 22.5289 0.415123 21.1333 0.139206C19.7377 -0.139919 18.2907 0.00285184 16.9769 0.548269Z\" \/>\n\t\t\t\t\t\t<\/svg><\/span><\/div>\n<\/p><\/div>\n<div class=\"bottom-cta-link\">\n\t\t\t\t<a href=\"https:\/\/www.ringcentral.com\/us\/en\/blog\/ensuring-security-in-financial-services-hybrid-work-environments\/\" class=\"view-all view-all-brown\" data-dl-name=\"Read the blog\" data-dl-element=\"button\" data-dl-additional-info=\"bottom cta banner\" data-no-auto-dl=\"true\">Read the blog<span class=\"svg-icon\" aria-hidden=\"true\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"#000\" role=\"img\" aria-labelledby=\"cta-ring-arrow-895646031\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t<title id=\"cta-ring-arrow-895646031\">Ring Central Logo<\/title>\t\n\t\t\t\t\t<path d=\"M0 11.5C0 11.2239 0.223858 11 0.5 11H21.6797C21.9559 11 22.1797 11.2239 22.1797 11.5V12.5C22.1797 12.7761 21.9559 13 21.6797 13H0.5C0.223858 13 0 12.7761 0 12.5V11.5Z\" ><\/path>\n\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M21.1718 12.0001L15.8086 6.63691C15.6134 6.44165 15.6134 6.12506 15.8086 5.9298L16.5157 5.22269C16.711 5.02743 17.0276 5.02743 17.2228 5.22269L23.6467 11.6465C23.8419 11.8418 23.8419 12.1584 23.6467 12.3536L17.2228 18.7775C17.0276 18.9727 16.711 18.9727 16.5157 18.7775L15.8086 18.0704C15.6134 17.8751 15.6134 17.5585 15.8086 17.3633L21.1718 12.0001Z\" ><\/path>\n\t\t\t\t<\/svg><\/span><\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t<\/span><\/p>\n<h2><b>Where to go from here<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">RingCentral is a leading cloud-based communications platform that provides insurers with the tools necessary for staff members to consistently remain connected. Whether they\u2019re in the office or working from home, RingCentral helps insurers attract and retain employees by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Offering anywhere, anytime connectivity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providing state-of-the-art communication and collaboration tools\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enabling a connected, inclusive workforce<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To see RingCentral for Financial Services in action,<\/span><a href=\"https:\/\/www.ringcentral.com\/office\/industry-solutions\/business-communications-for-financial-services.html\"> <span style=\"font-weight: 400;\">request a demo<\/span><\/a><span style=\"font-weight: 400;\"> today.<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\"><sup>1<\/sup> Gartner Press Release, \u201c<\/span><a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/09-30-21-gartner-survey-reveals-ninety-one-percent-of-hr-leaders-are-concerned-about-employee-turnover-in-the-immediate-future#:~:text=Nearly%2050%25%20of%20Employees%20Hired,July%202021%20by%20Gartner%2C%20Inc.\"><span style=\"font-weight: 400;\">Gartner Survey Reveals 91% of HR Leaders Are Concerned About Employee Turnover in the Immediate Future<\/span><\/a><span style=\"font-weight: 400;\">,\u201d September 30, 2021.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights: Insurers are not immune to the effects of the Great Resignation, and 56 percent of insurers are looking to add staff this year. To attract and retain employees, insurers must focus on improving the employee experience at every stage. A cloud-based communications platform is a great tool for building a better employee experience. \ud83d\udda5\ufe0f &#8230;<\/p>\n","protected":false},"author":1120,"featured_media":51375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18836],"tags":[13381,43240,43241],"class_list":["post-51358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-cloud-based-communications-platform","tag-insurance-professionals","tag-the-great-resignation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How the Great Resignation impacts the insurance industry | RingCentral Blog<\/title>\n<meta name=\"description\" content=\"Struggling with retention during the Great Resignation? 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