The technological developments that have reshaped the insurance industry in recent years have resulted in a demand for candidates who possess a list of specific insurtech job skills.
For aspiring professionals looking to make their mark in this evolving field, understanding what these key aptitudes are and how to develop them is crucial.
In this article, we explore these skills in detail, discussing how each area of expertise can empower ambitious individuals to cultivate a successful career in the insurtech sector.
What does the insurtech employment forecast hold?
In spite of a resistance to technological change among certain cohorts, the insurtech industry in Ireland is currently in a state of rapid growth. Following the release of the 2024 State of Irish Insurtech report, this country was described as “a natural hub for the next wave of disruptive insurtech firms”, given the strong track record it holds across both insurance and technology.
It appears that the sector is also redefining the financial services’ talent pool in Ireland. A recent report by InsTech.ie found that only 39% of insurtech business founders had come from an insurance background, with the majority having no previous experience in finance. This opens up many doors for professionals from a wide range of industries, who are looking to develop their skills in other areas and diversify their careers with a long-term goal in mind.
With a bright future ahead for the sector and those employed within it, one important question must be answered: What are the key skills employers are looking for in their next hires?
The top 7 insurtech job skills for aspiring professionals
The insurance industry is evolving rapidly, and these changes are informing the skills that are now most in demand among employers.
Read on to discover the seven most important insurtech skills that will get candidates noticed in 2025 and beyond.
1. An awareness of evolving regulations to ensure compliance
Understanding and navigating the ever-changing regulatory landscape is a fundamental part of working in the insurance industry.
To ensure their company’s products and services meet all legal and regulatory standards, insurtech professionals need to stay well-informed on relevant laws. This can be successfully achieved by diligently keeping abreast of data privacy legislation, financial compliance rules, and industry-specific requirements.
2. A technical proficiency in new and emerging technologies
Having a solid grasp of modern technologies is a non-negotiable skill for candidates working within the insurtech sector.
This involves being proficient in a variety of programming languages and developing a keen understanding of entities such as microservices architecture and cloud platforms, amongst others.
Aside from this, the ability of a candidate to leverage digital platforms to improve customer interaction and operational efficiency is a must.
Last but not least, having an acute awareness of cybersecurity practices is also a significant advantage.
3. Machine learning expertise and familiarity with data analytics
Data is at the heart of insurtech innovation, so it should come as no surprise that employers seek individuals who can harness data analytics, AI and machine learning to drive decision-making and enhance customer experiences. Even more vital is the ability to ensure compliance with data privacy while utilising these models.
Skills in managing the data lifecycle, developing and deploying AI/ML models, and evaluating their outcomes are also critical.
4. The ability to adapt through continuously updating insurtech job skills
The insurtech sector is characterised by rapid change and continuous innovation. Employers value candidates who showcase similar characteristics by demonstrating adaptability and a commitment to lifelong learning.
This can be achieved throughout the lifespan of a career in insurtech by remaining up to speed on emerging trends, acquiring new skills and, most importantly, embracing change.
5. Strong communication and interpersonal skills
As in any industry, effective communication is vital in bridging the gap between technical teams and business stakeholders. The insurtech sector is no exception.
Job-seeking professionals should be able to articulate complex technical concepts clearly and concisely, giving assurance to hiring managers that they will be capable of facilitating collaboration in a variety of situations.
Active listening and empathy are also crucial traits that promote successful communication, both with co-workers and clients alike.
6. The ability to work as a team and collaborate with colleagues
Communication with colleagues is hugely important within the insurtech sector, largely because it facilitates effective collaboration.
Given the complex nature of insurtech projects, which often involve cross-functional teams comprising individuals from diverse backgrounds, the ability to collaborate effectively is imperative. This means respecting differing perspectives and contributing to a cohesive team dynamic.
Employers know that a positive work environment has a knock-on effect on results, and will therefore hire professionals who have a track record of working harmoniously with others on their team.
7. A customer-centric mindset
Having a deep understanding of customer needs and placing focus on delivering exceptional experiences are central to success in insurtech.
Professionals who possess these qualities are adept at gathering customer insights, identifying pain points and developing solutions that enhance satisfaction and loyalty. For insurtech companies looking to remain both relevant and competitive, ticking each of these boxes is vital.
The benefits of expert assistance in exploring your most in-demand insurtech job skills
Embarking on a career in insurtech offers a wealth of opportunities for innovation, growth and impact, but possessing the most desirable skills for employers is the key to success. If you’re unsure about how your skills and experience will weigh up against the competition, seeking guidance from a reputable specialist recruitment company is a great place to start.
Teaming up with these professionals will enable you to examine your skills through an expert lens, shining a light on where your strengths lie and on the type of roles that are best suited to your unique talents. With this level of support, candidates are empowered to position themselves as valuable assets to forward-thinking organisations.
Highlight your insurtech job skills with the help of 360 Search
At 360 Search, we specialise in connecting talented professionals with leading opportunities across the financial services sector, including in the field of insurtech. Our comprehensive services incorporate personalised career guidance, resume optimisation and access to a vast network of industry contacts.
We take the time to understand your unique skills and aspirations, so that we can tailor our approach to help you achieve your career goals in this exciting area.
Our team of experienced consultants is dedicated to supporting you throughout your job search journey, providing insights into market trends and employer expectations. Whether you’re entering the insurtech arena or seeking to advance your career, we’re your trusted partner in navigating the evolving landscape of insurance technology.
Pursue your ambitions with confidence with our help; contact us today to learn more.
