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The average growth rate in employment for all occupations in the United States is 3%, but according to the U.S. Bureau of Labor Statistics, the number of people employed as insurance sales agents is expected to climb 8% from 2022 to 2032. This would amount to about 42,500 more agents each year through 2032.
In their Occupational Outlook Handbook, the Bureau of Labor Statistics says this about the future of insurance sales agents: "Because the profitability of insurance companies depends on a steady stream of new customers, the demand for insurance sales agents is expected to continue. Employment growth will likely be strongest for independent sales agents as insurance companies rely more on brokerages and less on captive agents in an effort to control costs."
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
