Review
People
Being ‘the place to work’
In managing our human capital, our objective is to create a strong alignment between the Group’s vision and goals, shareholder value and employee interests. We aim to sustain and where necessary raise the performance of the business by developing staff to their full potential, by motivating staff appropriately and by planning ahead so that we are capable of properly addressing succession issues.
Our key objectives remain:
- A working environment where employees are well motivated and have a strong belief in the Group, its strategy and its core values.
- The development of loyalty between the Group and employees.
- Continual improvement in:
- the effective management of people.
- the skills and competency of staff at all levels and across all disciplines.
- the retention and growth of key skills which are critical to the business.
- Well constructed and fair reward systems which help drive superior performance and align employee and shareholder interests.
- The development and use of first class employment practices throughout the Group.
Amlin employed a total of 745 people at 31 December 2008 and the number of new staff joining the Group during 2008 was 152.
Underwriting expertise and a consistent approach to underwriting risk management and control is critical to the success of Amlin, making the retention of skilled and experienced underwriters a business priority. Our senior underwriters have on average 22 years experience in the insurance industry and an average of 12 years service with Amlin.
One of our principal objectives is to maintain voluntary turnover, excluding retirements, of our senior underwriters below 10% per annum and our voluntary employee turnover below 15%. During 2008 turnover of senior underwriters was 4.2% with voluntary staff turnover being 11.3%.
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