Learning and Development

What steps can businesses take to promote a healthy work-life balance among their employees?

With a busy workload and fast-changing environment, looking back before moving forward may seem counter-productive. However, the ability to analyse and learn from past experiences is vital to personal and professional development. Whatever your role or seniority, meaningful growth can be hard to achieve without reflection.

Workplaces with healthy cultures are shown to have positive effects on employees, such as increased job satisfaction and wellbeing. Organisational cultures also tie in with the Consumer Duty; integral business practices lead to fair treatment and good outcomes for consumers.

We spend a significant amount of our time with colleagues at work. Some may prefer to separate personal relationships from work, but this can cause isolation. Having friends at work has many positives, such as improved well-being and productivity.

There is another way to grow your business, and that is by developing your existing resources. Through training and employee development you can better engage your people by allowing them to develop their own skills and in turn, they will help you to grow your business.

Being self-aware is a vital skill in the workplace, especially in leadership and management roles. It allows you to understand how your behaviour affects others, and those with poor self-awareness can struggle to connect with their colleagues.

A strong learning culture in the insurance industry goes beyond compliance and obligations. How can firms create a culture that values learning and development and stay ahead of the competition by delivering exceptional service to their customers?

Accountability is not just about ‘being responsible’. It also means taking ownership of your role and behaviour in the workplace and acknowledging that your actions have consequences. Without accountability, a business cannot function.

According to Howden's cyber report, “the Cyber insurance market has the potential to scale to rival the size of other major P&C lines and the size of the market could reach £38 billion by 2030”. This comes as the same report shows an increase of nearly 50% in ransomware attacks so far in 2023.