As of 2014, the average age of an insurance agent in the United States is 59, according to global management consulting firm McKinsey & Co., and one-fourth of the industry's employees will retire by 2018.
And the widening talent gap isn't exclusive to agents–it's prevalent in other industry segments such as risk management and underwriting.
"The industry needs to reach out and get students when they're younger," says Peggy Accordino, vice president and director of risk management for National Financial Partners and former chair of the Spencer Educational Foundation, an affiliate of RIMS, in a previous interview with National Underwriter. "I talk to college kids and many of them took insurance coursse as an elective, but they found comfort in it. Reach out to your local school. Get kids into those programs."
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