It's a tough time to be looking for talent in the insurance industry.
According to the U.S. Bureau of Labor Statistics, there are approximately 693,000 insurance professionals who are 55 or older, a 74 percent increase in the age group within the last 10 years. By next year, nearly one-fourth of all insurance professionals will be within a decade of retirement.
With their departure comes the inevitable loss of skills and knowledge. In fact, the aging workforce is an industry-agnostic problem that many companies are facing as the boomer generation looks toward retirement. Yet although many companies are making it a primary goal to attract young talent, few recognize a missing piece of the overall solution — keeping the aging workforce engaged and contributing.
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