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Many insurance professionals want to slow down but not stop working completely. Companies are exploring ways to retain older employees and take advantage of their skills and experience. (Photo: iStock)

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.

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