The U.S. property and casualty insurance industry has a problem attracting talent and fails to make the coordinated effort needed to find a remedy, according to McKinsey & Company.
The management and consulting firm said that while there is universal agreement within the industry that there are problems attracting talent that needs to be addressed "before they get worse," the industry's attempts to remedy the issue "have been fitful and disjointed."
McKinsey went on to say that if the industry fails to remedy the problem it will "eventually compromise carriers' ability to compete against organizations outside the industry."
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