Overview
Insurance companies face a myriad of challenges in the contemporary landscape. Rising auto claims, climate change-induced natural disasters, increasing healthcare costs and technological advancements bring risks to each insurer. Additionally, legacy IT systems pose a significant obstacle, hindering agility and innovation. Modernizing these systems to adapt to evolving technologies and customer demands is essential for staying competitive. Moreover, the explosion of data volume presents challenges in effectively managing and leveraging data for insights and decision-making.
This has resulted in many organizations facing huge constraints trying to meet demand due to the lack of onshore talent in the Guidewire space. The resource problems are causing a strain on overall progress to transition from old legacy systems to more complete systems, like Guidewire.
Stratton Royce play a big part for a select number of prestigious insurers across the USA and UK. We cover every corner of the onshore Guidewire market to help our partners proactively resource their Guidewire team.
Challenges
The Guidewire skillset is notoriously hard to recruit for and requires specialist niche recruiting to own the market. We have built a network of Guidewire professionals throughout the USA, UK and Europe that reaches far beyond Job Boards and LinkedIn searches. Most of our relationships are built outside of normal avenues, with many Guidewire professionals depending on us for market insights and are therefore unwilling to advertise their skillset anywhere else other than Stratton Royce.
On average, it willll take you 4.5 times longer to find the right candidate for a Guidewire role compared to other positions. Many insurers experience a lack on suitable applicants on their job postings. When taking into consideration the niche industry, location, budget and citizenship/visa status, 96% of the talent pool can be ruled out - leaving you with a very small talent pool and a tough task at hand.
Partners
Recruiting in the Guidewire niche requires a strategic and proactive approach to sourcing, attracting, and retaining specialized talent to drive success in insurance operations. We work with a select few companies across the US and UK where we can truly deliver value. In this time, our knowledge base has grown and most of our business comes from referrals within the Guidewire space. Often our assignments are with large enterprises, looking for Guidewire talent to join them on a permanent basis. We also take on contract assignments.