AM Best has watched the insurance industry come together in a short time on the critical talent-gap issue. Today, the Insurance Careers Movement has grown to more than 850 different insurance carriers, companies, media organizations and third-party vendors from around the globe. (Photo: Shutterstock)
Insurance organizations in coming years are projected to lose employees to retirement at a higher rate than young professionals joining the industry.
Approximately 10,000 baby boomers will reach age 65 each day until the year 2030, according to the Pew Research Center. As innovation continues to flourish and take prominence in the insurance industry, the industry also will need people with different skill-sets to tackle emerging technologies, analytic techniques and data governance.
AM Best is hosts of the annual Emerging Leaders Conference along with the Insurance Careers Movement and the American Property Casualty Insurers Association of America. The event takes place as part of Insurance Careers Month, and is part of the industry's efforts to support the development of new and talented insurance industry professionals.
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