There's a real and palpable talent crisis in the industry that is causing tension between the old guard of the insurance industry and millennials, the fastest-growing consumer base and workforce. If the recent tech industry boom has taught us anything, it's that young people will work long hours at high-pressure jobs—but they must be passionate about what it is they do and receive mentorship that helps keep them engaged.

At this year's Valen Analytics Summit, presenters including Rob Darby, president of Berkshire Hathaway, and Martin Welch, CEO of Hawaii Employers' Mutual Insurance Co., discussed how to attract millennials and utilize their skills—along with industry veterans—to create a more modern and competitive insurance company. Here are a few things that help them when screening potential candidates:

1. Look for analytic aptitude

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

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

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