We have a serious issue to address in the insurance industry. According to the U.S. Bureau of Labor Statistics, the industry employs 2.2 million workers, and that number is expected increase with 200,000 new jobs by the year 2020. This should be great news, except that nearly 50% of the industry’s workforce will retire in the next 15 years—and there isn’t enough talent stepping in to fill those shoes. If the insurance industry does not work to recruit top talent now, it won’t be able to offset the impending skills gap.

An aging workforce isn’t the only driver requiring insurance to recruit new, fresh talent to the industry: Property and Casualty insurers in particular are in a period of flux as they face significant challenges to traditional business models and declining investment returns. As a result, carriers are recognizing the need to leverage data and analytics—and to hire the talent to work with these analytical tools—to improve overall profitability.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dax Craig



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.