Building a Robust Team for an Innovative Insurance Division

Building a Robust Team for an Innovative Insurance Division: Accelerating Product Launch with a Skilled Workforce – A Lucas Ash Recruitment Success Story

Introduction

This case study explores how Lucas Ash successfully partnered with one of South Africa's largest insurers to build the teams for their new, innovative insurance division. Lucas Ash played a pivotal role in the successful recruitment of various skilled professionals, including data scientists, data and solution architects, system developers, and marketing specialists. As a result, the insurer was able to bring their new products to market a record two years earlier than anticipated.

Background
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The large South African insurer has a prominent presence in the insurance industry. Seeking to diversify its portfolio and expand its market share, the company launched an innovative insurance division focused on leveraging cutting-edge technologies and data-driven insights. To achieve this goal, the insurer needed to assemble a robust team with diverse skill sets.

Challenges

Building Specialized Teams: The insurer required teams with expertise in data science, data and solution architecture, system development, and marketing.

Competitive Market: The South African insurance market is highly competitive, necessitating the recruitment of top talent to maintain a strong market position.

Time Constraints: The insurer sought to build the teams quickly to expedite the launch of the new division and its products.

Solution

Lucas Ash partnered with the insurer to tackle these challenges and implemented a comprehensive recruitment strategy:

1. In-depth Analysis: Lucas Ash conducted a thorough analysis of the insurer's requirements, identifying specific roles and skill sets needed to build the specialized teams.
2. Sourcing Strategy: Leveraging its expertise and extensive network, Lucas Ash sourced top talent from various disciplines, employing targeted search strategies to attract high-quality candidates.
3. Relationship Building: Lucas Ash cultivated strong relationships with both the insurer and the candidates, ensuring a transparent and efficient hiring process.
4. Onboarding Support: Lucas Ash provided assistance with the onboarding process, helping the insurer integrate the new hires into the company culture and ensuring a smooth transition.

Results

Through Lucas Ash's efforts, the insurer successfully built robust, specialized teams for its innovative insurance division, including data science, data and solution architecture, system development, and marketing teams. We recruited the head of each department, the mid-management, and intermediate resources. Two of the teams recruited were via Team Acquisitions / Team lifts. The timely and successful recruitment allowed the insurer to expedite the development and launch of their new products.

As a result, the insurer was able to bring the new products to market a record two years earlier than planned. This accelerated launch positioned the insurer for continued growth and success in the competitive South African market.

This case study highlights the value of a strategic recruitment partnership, such as Lucas Ash, in overcoming talent acquisition challenges and enabling businesses to achieve their goals.

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