Featured in this edition:
The Gender Pay Gap - What you can do to ensure a level playing field
Time to Read - How our Local Institutes are encouraging a new generation
Artificial Intelligence - What does the future hold for AI in our industry?
It goes without saying that the world has changed drastically in the past two years – and if the pandemic has taught us anything it’s that nothing stays the same. The insurance industry is well primed for
this, as a sector that constantly rises to the challenge, it is always looking for ways to develop to meet current and future needs.
According to a 2020 OECD Eurostat report¹, Ireland is ahead of the curve with an estimated gender pay gap (GPG) of 8.3%. This compares to a European Union average of 12.5%. While the statistics show that there are far more men than women in top paid jobs in Ireland, perhaps more telling is that only a quarter of Irish companies have published a GPG policy or action plan. Read Article ➜
‘Time to Read’, a Business in the Community initiative, is an extremely impactful programme which sees volunteers give their time (one hour per week) to provide one-to-one reading support for young children (aged between 7-8 years old) in primary schools, with the aim of helping them become more proficient readers. Read Article ➜
31% of EU insurers actively used AI in 2018 with a further 24% at proof-of-concept stage, according to the European Insurance and Occupational Pensions Authority (EIOPA). New products, like Internet of Things (IoT) devices generating real-time risk assessments or usagebased and parametric insurance covers, are launched every week. Read Article ➜
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