With massive retirements on the horizon for the Canadian P&C insurance industry, one organization is taking a multi-faceted approach to address the ‘talent crisis.’
The McGannon Foundation is ‘laser-focused’ on promoting the risk management and insurance profession in Canada through unique and distinct scholarships and student involvement programs, board member Hobby Pardo tells Canadian Underwriter. It’s also looking at the possibility of other initiatives, such as a program of internships and expanding existing college insurance programs.
McGannon Foundation’s student involvement program involves funding participation in the annual RIMS Canada conference, including flights and accommodations. The expectation is students will register for educational content during the day and engage in networking in the evening, says Pardo, who is also a senior vice president in the Complex Risk Solutions Group at NFP.
McGannon Foundation awards scholarships and student involvement to loss control engineers, claims adjusters and future company risk managers, for example. “I mean that quite broadly in the sense of whatever risks within those organizations that are really critical to…
