Millennials in the insurance industry are staying put

Most millennials report being recruited to the industry through employee referrals or through the family business. (Photo: Shutterstock)

As more baby boomers retire from the insurance world, it’s clear that the industry’s future is being left in good hands, according to Vertafore’s 2018 “Millennials in Insurance” survey.

The Denver-based provider of software for independent insurance agencies and brokers polled more than 1,200 insurance professionals, including nearly 400 millennials, and found that more than three quarters (76%) of millennials have been in the insurance industry for more than three years — an impressive statistic considering that the younger generation is known for job-hopping.