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Recognition of dedicated, long-term service is the most prevalent type of rewards and recognition program in place among Canadian employers. However, a Conference Board of Canada study published in June 2017 suggests that these programs may not appeal to younger generations who typically have shorter tenures. The Power of Appreciation: Rewards and Recognition Practices in Canadian Organizations summarizes the findings of a survey conducted between June and August 2016

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Global Benefits Vision: Now that Brexit seems to be upon us, let’s talk about how you see it impacting Lockton and the insurance world in general. Ian Cooper: It has been quite fascinating. Insurance providers, as we know, within the single market, can passport regulatory permissions and trade across Europe.

It is important for German companies to position themselves as attractive employer brands, especially when competing for young talent in the job market. In today’s tight job market, factors that once promised reliable success in attracting new employees – remuneration, the number of leave days, pensions, company cars – are no longer the only things younger generations are looking for. Instead, non-monetary issues such as work-life balance, working atmosphere, and identification are of prime concern. These are the issues that companies should be projecting in their branding and benefits strategies.

Global Benefits Vision: Thanks for joining us today, Marco – it’s good to have you back. What is your definition of insurtech? Marco Giacomelli: Insurtech is a specialized evolution or byproduct of fintech, which is a combination of the words “finance” and “technology.” As a practical definition, we can say that insurtech is sets of strategic initiatives, specific tools, and processes designed to achieve savings and efficiencies in all insurance processes.

Lockton’s yearly Forum distinctive format includes three regional editions in North America, Asia, and in Europe. Most of the contents is common across all editions with some variations in respect of regional issues.
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